Automatic Data Processing, Inc. (NASDAQ:ADP) is Roffman Miller Associates Inc. PA's 5th Largest Position

Roffman Miller Associates Inc. PA lessened its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 1.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 174,672 shares of the business services provider's stock after selling 3,190 shares during the period. Automatic Data Processing comprises approximately 3.4% of Roffman Miller Associates Inc. PA's holdings, making the stock its 5th biggest position. Roffman Miller Associates Inc. PA's holdings in Automatic Data Processing were worth $53,367,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. von Borstel & Associates Inc. purchased a new stake in shares of Automatic Data Processing in the first quarter worth about $30,000. Main Street Group LTD boosted its position in shares of Automatic Data Processing by 50.7% during the 4th quarter. Main Street Group LTD now owns 113 shares of the business services provider's stock valued at $33,000 after acquiring an additional 38 shares during the last quarter. Cyrus J. Lawrence LLC increased its position in Automatic Data Processing by 121.8% in the fourth quarter. Cyrus J. Lawrence LLC now owns 122 shares of the business services provider's stock worth $35,000 after purchasing an additional 67 shares during the last quarter. Abound Wealth Management raised its stake in Automatic Data Processing by 58.1% during the first quarter. Abound Wealth Management now owns 117 shares of the business services provider's stock valued at $36,000 after purchasing an additional 43 shares in the last quarter. Finally, Banque de Luxembourg S.A. bought a new position in Automatic Data Processing during the fourth quarter valued at $37,000. 80.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ADP has been the topic of several recent research reports. Mizuho increased their price target on Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a report on Friday, June 13th. UBS Group lowered their target price on shares of Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating for the company in a research note on Friday, June 13th. Stifel Nicolaus raised their target price on Automatic Data Processing to $305.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. TD Securities boosted their price target on Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a research note on Wednesday, May 21st. Finally, Morgan Stanley increased their price objective on Automatic Data Processing from $305.00 to $310.00 and gave the company an "equal weight" rating in a report on Tuesday, June 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Automatic Data Processing currently has a consensus rating of "Hold" and a consensus target price of $307.08.

Automatic Data Processing Stock Performance

Shares of ADP stock traded down $0.80 during mid-day trading on Monday, hitting $308.40. 1,635,700 shares of the stock were exchanged, compared to its average volume of 1,713,194. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.02 and a current ratio of 1.02. Automatic Data Processing, Inc. has a 12-month low of $231.27 and a 12-month high of $329.93. The stock's fifty day simple moving average is $312.20 and its two-hundred day simple moving average is $303.61. The stock has a market capitalization of $125.19 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 2.87 and a beta of 0.76.

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

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were paid a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Friday, June 13th. Automatic Data Processing's payout ratio is 63.05%.

Insider Transactions at Automatic Data Processing

In related news, VP Christopher D'ambrosio sold 478 shares of the company's stock in a transaction on Thursday, April 10th. The stock was 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 directly owned 7,364 shares in the company, valued at approximately $2,158,682.96. This represents a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.21% of the company's stock.

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.