Atria Investments Inc Has $20.48 Million Stock Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

Atria Investments Inc trimmed its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,044 shares of the business services provider's stock after selling 3,633 shares during the quarter. Atria Investments Inc's holdings in Automatic Data Processing were worth $20,484,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Automatic Data Processing by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 10,583,607 shares of the business services provider's stock valued at $3,098,305,000 after purchasing an additional 65,965 shares in the last quarter. Northern Trust Corp raised its position in shares of Automatic Data Processing by 17.1% in the 4th quarter. Northern Trust Corp now owns 6,174,419 shares of the business services provider's stock worth $1,807,438,000 after purchasing an additional 902,354 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Automatic Data Processing by 26.9% during the 4th quarter. Capital Research Global Investors now owns 6,136,763 shares of the business services provider's stock valued at $1,796,415,000 after purchasing an additional 1,299,390 shares during the period. Invesco Ltd. grew its stake in shares of Automatic Data Processing by 6.0% during the 4th quarter. Invesco Ltd. now owns 3,886,552 shares of the business services provider's stock valued at $1,137,710,000 after acquiring an additional 219,032 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Automatic Data Processing by 16.7% in the 4th quarter. Ameriprise Financial Inc. now owns 3,830,078 shares of the business services provider's stock worth $1,115,909,000 after purchasing an additional 549,132 shares during the period. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Stock Up 0.8%

Shares of ADP traded up $2.39 during mid-day trading on Friday, reaching $308.63. The company's stock had a trading volume of 936,145 shares, compared to its average volume of 1,343,466. The business has a fifty day moving average of $311.78 and a 200 day moving average of $304.60. The company has a market cap of $125.28 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 2.80 and a beta of 0.76. Automatic Data Processing, Inc. has a 1 year low of $249.49 and a 1 year high of $329.93. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.51.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The business services provider reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.09. Automatic Data Processing had a return on equity of 77.33% and a net margin of 19.79%. The business had revenue of $5.55 billion during the quarter, compared to analyst estimates of $5.49 billion. During the same period last year, the company earned $2.88 earnings per share. Automatic Data Processing's quarterly revenue was up 5.7% compared to the same quarter last year. As a group, analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ADP has been the topic of a number of recent analyst reports. UBS Group reduced their target price on Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating on the stock in a research note on Friday, June 13th. BMO Capital Markets raised Automatic Data Processing to a "hold" rating and set a $340.00 price target on the stock in a research note on Thursday, July 10th. Morgan Stanley upped their price target on Automatic Data Processing from $305.00 to $310.00 and gave the company an "equal weight" rating in a research note on Tuesday, June 17th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, June 5th. Finally, TD Securities increased their price objective on Automatic Data Processing from $298.00 to $321.00 and gave the stock a "hold" rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Automatic Data Processing currently has an average rating of "Hold" and a consensus target price of $309.62.

About Automatic Data Processing

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.