Free Trial

Aurdan Capital Management LLC Purchases Shares of 10,553 Automatic Data Processing, Inc. (NASDAQ:ADP)

Automatic Data Processing logo with Business Services background

Aurdan Capital Management LLC purchased a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,553 shares of the business services provider's stock, valued at approximately $3,089,000. Automatic Data Processing accounts for approximately 1.2% of Aurdan Capital Management LLC's investment portfolio, making the stock its 29th biggest holding.

A number of other large investors have also recently made changes to their positions in the stock. Littlejohn Financial Services Inc. bought a new position in Automatic Data Processing in the 4th quarter valued at $708,000. Perigon Wealth Management LLC lifted its holdings in shares of Automatic Data Processing by 33.3% in the 4th quarter. Perigon Wealth Management LLC now owns 30,926 shares of the business services provider's stock worth $9,161,000 after buying an additional 7,734 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Automatic Data Processing by 1.8% during the 4th quarter. CIBC Asset Management Inc now owns 155,934 shares of the business services provider's stock worth $45,647,000 after purchasing an additional 2,787 shares during the last quarter. OLD National Bancorp IN lifted its stake in shares of Automatic Data Processing by 7.8% during the 4th quarter. OLD National Bancorp IN now owns 13,677 shares of the business services provider's stock worth $4,004,000 after purchasing an additional 985 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Automatic Data Processing by 248.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 38,448 shares of the business services provider's stock worth $11,255,000 after purchasing an additional 27,424 shares during the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on ADP. Stifel Nicolaus increased their price target on Automatic Data Processing to $305.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Royal Bank of Canada reissued a "sector perform" rating and issued a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, May 1st. Jefferies Financial Group raised their price objective on Automatic Data Processing from $290.00 to $305.00 and gave the company a "hold" rating in a report on Thursday, January 30th. Wall Street Zen lowered Automatic Data Processing from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, UBS Group raised their price objective on Automatic Data Processing from $318.00 to $324.00 and gave the company a "neutral" rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $305.64.

View Our Latest Stock Report on ADP

Automatic Data Processing Stock Performance

Shares of NASDAQ:ADP traded up $1.09 during trading on Friday, hitting $325.21. 371,183 shares of the company were exchanged, compared to its average volume of 1,696,389. The company has a market cap of $132.01 billion, a PE ratio of 33.90, a P/E/G 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 $327.99. The stock has a 50 day moving average of $303.22 and a 200 day moving average of $301.62. 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 announced its quarterly earnings results on Wednesday, April 30th. The business services provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.09. The company had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $5.49 billion. Automatic Data Processing had a net margin of 19.76% and a return on equity of 80.86%. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.88 earnings per share. As a group, equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, June 13th. Automatic Data Processing's payout ratio is currently 63.05%.

Insider Buying and Selling at Automatic Data Processing

In other news, VP Brian L. Michaud sold 1,500 shares of the business's 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 sale, the vice president now directly owns 12,073 shares in the company, valued at approximately $3,686,852.74. The trade was a 11.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher D'ambrosio sold 473 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were 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 owns 7,244 shares in the company, valued at $2,218,112.80. This represents a 6.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,451 shares of company stock valued at $743,024. Insiders own 0.21% of the company's stock.

Automatic Data Processing Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Automatic Data Processing (NASDAQ:ADP)

Should You Invest $1,000 in Automatic Data Processing Right Now?

Before you consider Automatic Data Processing, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Automatic Data Processing wasn't on the list.

While Automatic Data Processing currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

(Almost)  Everything You Need To Know About The EV Market Cover

Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Congress Is Pouring Millions Into These 6 Surprising Stocks
3 Dirt-Cheap Stocks in a Market That’s Getting Expensive
Top 3 Defense Stocks to Profit From $175 Billion Golden Dome

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines