Personal CFO Solutions LLC Raises Stake in Automatic Data Processing, Inc. (NASDAQ:ADP)

Personal CFO Solutions LLC increased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 24.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,650 shares of the business services provider’s stock after buying an additional 326 shares during the period. Personal CFO Solutions LLC’s holdings in Automatic Data Processing were worth $483,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of Automatic Data Processing during the third quarter valued at about $35,000. CWA Asset Management Group LLC bought a new position in shares of Automatic Data Processing in the third quarter worth approximately $1,066,000. Assetmark Inc. increased its position in shares of Automatic Data Processing by 6.5% in the third quarter. Assetmark Inc. now owns 3,437 shares of the business services provider’s stock worth $951,000 after purchasing an additional 211 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of Automatic Data Processing by 80.2% in the third quarter. Lindbrook Capital LLC now owns 4,241 shares of the business services provider’s stock worth $1,174,000 after purchasing an additional 1,887 shares during the last quarter. Finally, Kerusso Capital Management LLC increased its position in shares of Automatic Data Processing by 6.5% in the third quarter. Kerusso Capital Management LLC now owns 5,204 shares of the business services provider’s stock worth $1,440,000 after purchasing an additional 316 shares during the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $306.45 on Monday. 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 $302.08 and a 200-day moving average price of $293.93. The company has a market capitalization of $124.87 billion, a PE ratio of 31.96, a PEG ratio of 3.62 and a beta of 0.76. 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 (NASDAQ:ADP) last announced its earnings results on Wednesday, January 29th. The business services provider reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.05. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. As a group, equities analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $1.54 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.16 annualized dividend and a yield of 2.01%. Automatic Data Processing’s payout ratio is 64.23%.

Analyst Ratings Changes

Several analysts have issued reports on ADP shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $315.00 target price on shares of Automatic Data Processing in a research note on Thursday, January 30th. UBS Group increased their price objective on Automatic Data Processing from $318.00 to $324.00 and gave the company a “neutral” rating in a research note on Tuesday, March 4th. Barclays increased their price objective on Automatic Data Processing from $325.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Jefferies Financial Group increased their price objective on Automatic Data Processing from $290.00 to $305.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Finally, StockNews.com lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and an average target price of $296.18.

Insider Activity

In related news, VP Jonathan S. Lehberger sold 2,324 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $303.30, for a total value of $704,869.20. Following the transaction, the vice president now owns 3,063 shares of the company’s stock, valued at $929,007.90. This trade represents a 43.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Brian L. Michaud sold 362 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $293.83, for a total transaction of $106,366.46. Following the completion of the sale, the vice president now directly owns 13,706 shares of the company’s stock, valued at approximately $4,027,233.98. This trade represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,478 shares of company stock valued at $1,617,241 in the last ninety days. Corporate insiders own 0.21% of the company’s stock.

Automatic Data Processing Company 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.