Willner & Heller LLC Reduces Stock Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

Willner & Heller LLC decreased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,924 shares of the business services provider’s stock after selling 71 shares during the period. Willner & Heller LLC’s holdings in Automatic Data Processing were worth $563,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Seilern Investment Management Ltd acquired a new position in shares of Automatic Data Processing in the 4th quarter valued at $13,815,000. Diversify Wealth Management LLC increased its holdings in Automatic Data Processing by 102.5% in the 4th quarter. Diversify Wealth Management LLC now owns 11,282 shares of the business services provider’s stock worth $3,236,000 after buying an additional 5,712 shares during the period. Annex Advisory Services LLC raised its position in Automatic Data Processing by 96.4% during the 4th quarter. Annex Advisory Services LLC now owns 2,974 shares of the business services provider’s stock worth $871,000 after buying an additional 1,460 shares during the last quarter. Grove Bank & Trust lifted its stake in Automatic Data Processing by 2.2% during the 4th quarter. Grove Bank & Trust now owns 4,342 shares of the business services provider’s stock valued at $1,271,000 after acquiring an additional 94 shares during the period. Finally, Brady Martz Wealth Solutions LLC purchased a new stake in shares of Automatic Data Processing in the 4th quarter valued at $1,066,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Automatic Data Processing news, 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 value of $106,366.46. Following the transaction, the vice president now directly owns 13,706 shares in the company, valued at $4,027,233.98. The trade was a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Sreenivasa Kutam sold 38,975 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $300.00, for a total transaction of $11,692,500.00. Following the sale, the vice president now owns 32,604 shares of the company’s stock, valued at $9,781,200. This represents a 54.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,129 shares of company stock valued at $12,604,872. Insiders own 0.21% of the company’s stock.

Automatic Data Processing Stock Down 0.0 %

ADP opened at $296.18 on Monday. The company has a market cap of $120.68 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 3.34 and a beta of 0.79. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $309.63. The company has a 50-day moving average price of $297.90 and a 200 day moving average price of $280.29. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.56.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.33 EPS for the quarter, topping the consensus estimate of $2.21 by $0.12. The firm had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.77 billion. Automatic Data Processing had a return on equity of 82.36% and a net margin of 19.72%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.08 earnings per share. Sell-side analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $1.54 per share. The ex-dividend date is Friday, March 14th. This represents a $6.16 dividend on an annualized basis and a yield of 2.08%. Automatic Data Processing’s payout ratio is 65.74%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ADP shares. Royal Bank of Canada boosted their target price on shares of Automatic Data Processing from $267.00 to $315.00 and gave the company a “sector perform” rating in a research report on Thursday, October 31st. TD Cowen upped their target price on Automatic Data Processing from $276.00 to $285.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Barclays boosted their price target on Automatic Data Processing from $310.00 to $325.00 and gave the company an “overweight” rating in a report on Monday, November 4th. UBS Group lifted their target price on shares of Automatic Data Processing from $270.00 to $295.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group increased their price target on shares of Automatic Data Processing from $260.00 to $290.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $289.91.

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.