Captrust Financial Advisors Has $21.87 Million Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Captrust Financial Advisors increased its position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,708 shares of the business services provider's stock after purchasing an additional 2,595 shares during the quarter. Captrust Financial Advisors' holdings in Automatic Data Processing were worth $21,869,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ADP. Norges Bank bought a new position in Automatic Data Processing during the 4th quarter worth approximately $455,993,000. Winslow Capital Management LLC acquired a new stake in shares of Automatic Data Processing during the 4th quarter valued at approximately $396,714,000. Capital Research Global Investors lifted its stake in Automatic Data Processing by 26.9% during the fourth quarter. Capital Research Global Investors now owns 6,136,763 shares of the business services provider's stock worth $1,796,415,000 after purchasing an additional 1,299,390 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Automatic Data Processing in the fourth quarter worth $342,942,000. Finally, Proficio Capital Partners LLC increased its stake in Automatic Data Processing by 41,710.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,090,422 shares of the business services provider's stock valued at $319,199,000 after purchasing an additional 1,087,814 shares during the last quarter. 80.03% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing Price Performance

Shares of Automatic Data Processing stock traded down $1.87 on Monday, hitting $305.85. The company had a trading volume of 460,935 shares, compared to its average volume of 1,687,359. Automatic Data Processing, Inc. has a 52 week low of $231.27 and a 52 week high of $322.84. The company has a market cap of $124.15 billion, a PE ratio of 31.87, a PEG ratio of 3.62 and a beta of 0.76. The business has a 50-day simple moving average of $297.34 and a 200-day simple moving average of $299.31. 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The business services provider reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.09. The company had revenue of $5.55 billion for the quarter, compared to analysts' expectations of $5.49 billion. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $2.88 EPS. Research analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Friday, June 13th. Automatic Data Processing's payout ratio is 63.05%.

Insider Activity

In other news, VP Christopher D'ambrosio sold 473 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $306.20, for a total transaction of $144,832.60. Following the completion of the sale, the vice president now directly owns 7,244 shares of the company's stock, valued at $2,218,112.80. This represents a 6.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Brian L. Michaud sold 1,500 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $305.38, for a total value of $458,070.00. Following the completion of the transaction, the vice president now owns 12,073 shares of the company's stock, valued at $3,686,852.74. This trade represents a 11.05% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,451 shares of company stock worth $743,024. Corporate insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on ADP. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $315.00 price target on shares of Automatic Data Processing in a report on Thursday, May 1st. Jefferies Financial Group upped their target price on Automatic Data Processing from $290.00 to $305.00 and gave the company a "hold" rating in a report on Thursday, January 30th. Stifel Nicolaus raised their price target on Automatic Data Processing to $305.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. StockNews.com cut Automatic Data Processing from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, Barclays boosted their price target on shares of Automatic Data Processing from $325.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $303.55.

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.