BLI Banque de Luxembourg Investments Makes New $4.78 Million Investment in Automatic Data Processing, Inc. (NASDAQ:ADP)

BLI Banque de Luxembourg Investments acquired a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,300 shares of the business services provider's stock, valued at approximately $4,775,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. World Investment Advisors LLC lifted its position in shares of Automatic Data Processing by 22.6% during the 3rd quarter. World Investment Advisors LLC now owns 7,466 shares of the business services provider's stock worth $2,066,000 after buying an additional 1,378 shares during the last quarter. Franklin Resources Inc. lifted its position in Automatic Data Processing by 8.4% in the third quarter. Franklin Resources Inc. now owns 667,068 shares of the business services provider's stock valued at $194,117,000 after acquiring an additional 51,828 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Automatic Data Processing by 4.5% in the third quarter. Principal Financial Group Inc. now owns 529,690 shares of the business services provider's stock valued at $146,581,000 after acquiring an additional 22,766 shares in the last quarter. Pensionfund Sabic boosted its stake in Automatic Data Processing by 29.5% in the fourth quarter. Pensionfund Sabic now owns 7,900 shares of the business services provider's stock valued at $2,313,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Insight Wealth Strategies LLC purchased a new position in shares of Automatic Data Processing during the fourth quarter worth about $4,683,000. Institutional investors and hedge funds own 80.03% of the company's stock.

Automatic Data Processing Trading Up 1.6 %

Shares of Automatic Data Processing stock opened at $303.57 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.59. The firm has a market cap of $123.69 billion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 3.62 and a beta of 0.76. Automatic Data Processing, Inc. has a 52-week low of $231.27 and a 52-week high of $322.84. The company's 50-day simple moving average is $298.19 and its 200-day simple moving average is $298.75.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its earnings results on Wednesday, April 30th. The business services provider reported $3.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.97 by $0.09. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. The business had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $5.49 billion. During the same period in the prior year, the business posted $2.88 EPS. The company's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $1.54 per share. The ex-dividend date is Friday, June 13th. This represents a $6.16 annualized dividend and a dividend yield of 2.03%. Automatic Data Processing's payout ratio is currently 63.05%.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Jonathan S. Lehberger sold 2,324 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $303.30, for a total transaction of $704,869.20. Following the sale, the vice president now directly owns 3,063 shares in the company, valued at approximately $929,007.90. The trade was a 43.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher D'ambrosio sold 478 shares of the firm's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $293.14, for a total value of $140,120.92. Following the completion of the transaction, the vice president now owns 7,364 shares of the company's stock, valued at approximately $2,158,682.96. This represents a 6.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,775 shares of company stock valued at $1,447,893 in the last ninety days. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on ADP shares. Stifel Nicolaus boosted their target price on Automatic Data Processing to $305.00 and gave the company a "buy" rating in a report on Friday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $315.00 price objective on shares of Automatic Data Processing in a research note on Thursday. Jefferies Financial Group raised their target price on shares of Automatic Data Processing from $290.00 to $305.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. UBS Group upped their price target on shares of Automatic Data Processing from $318.00 to $324.00 and gave the company a "neutral" rating in a research report on Tuesday, March 4th. Finally, Barclays raised their price objective on shares of Automatic Data Processing from $325.00 to $350.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Automatic Data Processing has an average rating of "Hold" and an average target price of $303.55.

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.

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