54,416 Shares in Automatic Data Processing, Inc. (NASDAQ:ADP) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 54,416 shares of the business services provider’s stock, valued at approximately $15,929,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Virtu Financial LLC boosted its position in Automatic Data Processing by 202.7% during the 3rd quarter. Virtu Financial LLC now owns 4,870 shares of the business services provider’s stock valued at $1,348,000 after acquiring an additional 3,261 shares in the last quarter. Tudor Financial Inc. bought a new stake in shares of Automatic Data Processing during the third quarter valued at approximately $310,000. Anchor Investment Management LLC boosted its position in shares of Automatic Data Processing by 7.0% during the third quarter. Anchor Investment Management LLC now owns 15,384 shares of the business services provider’s stock valued at $4,257,000 after purchasing an additional 1,001 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its holdings in Automatic Data Processing by 3.5% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 9,935 shares of the business services provider’s stock worth $2,753,000 after purchasing an additional 337 shares in the last quarter. Finally, World Investment Advisors LLC lifted its position in Automatic Data Processing by 22.6% during the third quarter. World Investment Advisors LLC now owns 7,466 shares of the business services provider’s stock valued at $2,066,000 after buying an additional 1,378 shares during the period. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ADP. UBS Group upped their target price on shares of Automatic Data Processing from $318.00 to $324.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 4th. Jefferies Financial Group raised their target price on shares of Automatic Data Processing from $290.00 to $305.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Barclays boosted their price target on Automatic Data Processing from $325.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. StockNews.com lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $315.00 target price on shares of Automatic Data Processing in a report on Thursday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and an average price target of $302.30.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 478 shares of the firm’s stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $293.14, for a total value of $140,120.92. Following the transaction, the vice president now directly owns 7,364 shares of the company’s stock, valued at approximately $2,158,682.96. This trade represents a 6.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Brian L. Michaud sold 1,500 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $305.38, for a total transaction of $458,070.00. Following the sale, the vice president now directly owns 12,073 shares of the company’s stock, valued at $3,686,852.74. The trade was a 11.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,775 shares of company stock valued at $1,447,893. Company insiders own 0.21% of the company’s stock.

Automatic Data Processing Stock Down 0.9 %

ADP stock opened at $291.76 on Friday. The stock has a market capitalization of $118.88 billion, a P/E ratio of 30.42, a P/E/G ratio of 3.62 and a beta of 0.74. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.00 and a quick ratio of 1.00. Automatic Data Processing, Inc. has a 1-year low of $231.27 and a 1-year high of $322.84. The business has a fifty day moving average price of $299.57 and a 200-day moving average price of $298.43.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, January 29th. The business services provider reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. Equities analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $1.54 dividend. This represents a $6.16 annualized dividend and a yield of 2.11%. The ex-dividend date is Friday, June 13th. Automatic Data Processing’s dividend payout ratio is currently 64.23%.

Automatic Data Processing Profile

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.