Vontobel Holding Ltd. Sells 2,222 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Vontobel Holding Ltd. decreased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,833 shares of the business services provider’s stock after selling 2,222 shares during the period. Vontobel Holding Ltd.’s holdings in Automatic Data Processing were worth $14,871,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ADP. Moneta Group Investment Advisors LLC boosted its position in shares of Automatic Data Processing by 94,265.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 6,770,728 shares of the business services provider’s stock worth $1,617,256,000 after acquiring an additional 6,763,553 shares in the last quarter. Norges Bank acquired a new stake in shares of Automatic Data Processing during the 4th quarter worth approximately $531,416,000. Imprint Wealth LLC boosted its position in shares of Automatic Data Processing by 24,743.9% during the 2nd quarter. Imprint Wealth LLC now owns 987,795 shares of the business services provider’s stock worth $98,780,000 after acquiring an additional 983,819 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Automatic Data Processing by 22,539.4% during the 4th quarter. International Assets Investment Management LLC now owns 934,326 shares of the business services provider’s stock worth $217,670,000 after acquiring an additional 930,199 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Automatic Data Processing by 40.7% during the 3rd quarter. Invesco Ltd. now owns 3,128,701 shares of the business services provider’s stock worth $752,703,000 after acquiring an additional 905,043 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Activity at Automatic Data Processing

In related news, VP Joseph Desilva sold 1,904 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $255.00, for a total value of $485,520.00. Following the transaction, the vice president now owns 17,179 shares in the company, valued at $4,380,645. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Joseph Desilva sold 1,904 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $255.00, for a total transaction of $485,520.00. Following the transaction, the vice president now owns 17,179 shares in the company, valued at $4,380,645. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Don Mcguire sold 11,333 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.00, for a total transaction of $2,776,585.00. Following the transaction, the vice president now owns 19,906 shares in the company, valued at approximately $4,876,970. The disclosure for this sale can be found here. Insiders have sold a total of 15,162 shares of company stock worth $3,741,859 over the last quarter. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Bank of America upgraded shares of Automatic Data Processing from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $217.00 to $243.00 in a research report on Wednesday, January 17th. StockNews.com lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Mizuho raised their target price on shares of Automatic Data Processing from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Monday, March 11th. Royal Bank of Canada restated a “sector perform” rating and issued a $267.00 target price on shares of Automatic Data Processing in a research report on Thursday, February 1st. Finally, Evercore ISI raised their target price on shares of Automatic Data Processing from $227.00 to $235.00 and gave the company an “underperform” rating in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $254.58.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock opened at $244.08 on Tuesday. The stock has a market cap of $100.27 billion, a price-to-earnings ratio of 28.41, a P/E/G 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 twelve month low of $201.46 and a twelve month high of $256.84. The company’s fifty day moving average is $247.82 and its 200 day moving average is $239.13.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, January 31st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The business had revenue of $4.67 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.96 earnings per share. Sell-side analysts forecast that Automatic Data Processing, Inc. will post 9.14 EPS for the current year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a $1.40 dividend. The ex-dividend date is Friday, June 14th. This represents a $5.60 annualized dividend and a yield of 2.29%. Automatic Data Processing’s payout ratio is 65.19%.

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.