Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Acquired by Lindbrook Capital LLC

Lindbrook Capital LLC lifted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,199 shares of the business services provider’s stock after acquiring an additional 197 shares during the period. Lindbrook Capital LLC’s holdings in Automatic Data Processing were worth $512,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Argus Investors Counsel Inc. raised its stake in shares of Automatic Data Processing by 0.5% in the 4th quarter. Argus Investors Counsel Inc. now owns 8,863 shares of the business services provider’s stock worth $2,065,000 after buying an additional 43 shares in the last quarter. Signet Financial Management LLC raised its stake in shares of Automatic Data Processing by 1.3% in the 4th quarter. Signet Financial Management LLC now owns 3,587 shares of the business services provider’s stock worth $857,000 after buying an additional 45 shares in the last quarter. Trust Co. of Toledo NA OH raised its position in shares of Automatic Data Processing by 0.5% during the third quarter. Trust Co. of Toledo NA OH now owns 8,292 shares of the business services provider’s stock worth $1,995,000 after purchasing an additional 45 shares during the period. PFS Investments Inc. raised its position in shares of Automatic Data Processing by 3.4% during the fourth quarter. PFS Investments Inc. now owns 1,396 shares of the business services provider’s stock worth $333,000 after purchasing an additional 46 shares during the period. Finally, Schechter Investment Advisors LLC raised its position in shares of Automatic Data Processing by 1.1% during the third quarter. Schechter Investment Advisors LLC now owns 4,151 shares of the business services provider’s stock worth $999,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 0.5 %

Shares of ADP stock opened at $243.31 on Monday. The business’s 50 day moving average is $247.22 and its two-hundred day moving average is $239.19. The company has a market cap of $99.95 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 2.29 and a beta of 0.78. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.69. Automatic Data Processing, Inc. has a 12 month low of $201.46 and a 12 month high of $256.84.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, January 31st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.65 billion. Automatic Data Processing had a net margin of 19.14% and a return on equity of 95.22%. Automatic Data Processing’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $1.96 earnings per share. Equities analysts predict that Automatic Data Processing, Inc. will post 9.14 EPS for the current year.

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a dividend of $1.40 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.30%. Automatic Data Processing’s payout ratio is presently 65.19%.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP David Kwon sold 863 shares of Automatic Data Processing stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $250.00, for a total transaction of $215,750.00. Following the completion of the transaction, the vice president now directly owns 8,285 shares of the company’s stock, valued at $2,071,250. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP David Kwon sold 863 shares of Automatic Data Processing stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $250.00, for a total value of $215,750.00. Following the completion of the transaction, the vice president now directly owns 8,285 shares of the company’s stock, valued at $2,071,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sreenivasa Kutam sold 694 shares of Automatic Data Processing stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $249.43, for a total value of $173,104.42. Following the completion of the transaction, the vice president now directly owns 20,687 shares of the company’s stock, valued at $5,159,958.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,162 shares of company stock valued at $3,741,859. 0.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ADP shares. Wolfe Research raised Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. StockNews.com lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Bank of America raised Automatic Data Processing from an “underperform” rating to a “neutral” rating and upped their price target for the company from $217.00 to $243.00 in a research report on Wednesday, January 17th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $267.00 target price on shares of Automatic Data Processing in a report on Thursday, February 1st. Finally, Mizuho increased their price target on shares of Automatic Data Processing from $265.00 to $272.00 and gave the stock a “buy” rating in a research report on Monday, March 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $254.58.

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.