Automatic Data Processing, Inc. (NASDAQ:ADP) is Compass Capital Management Inc.'s 5th Largest Position

Compass Capital Management Inc. decreased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 4.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 207,624 shares of the business services provider's stock after selling 8,890 shares during the period. Automatic Data Processing accounts for 4.2% of Compass Capital Management Inc.'s investment portfolio, making the stock its 5th largest position. Compass Capital Management Inc. owned about 0.05% of Automatic Data Processing worth $63,435,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in ADP. Main Street Group LTD raised its holdings in shares of Automatic Data Processing by 50.7% in 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 in the last quarter. Cyrus J. Lawrence LLC increased its position in shares of 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. Banque de Luxembourg S.A. bought a new position in shares of Automatic Data Processing in the fourth quarter worth approximately $37,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Automatic Data Processing in the fourth quarter valued at approximately $37,000. Finally, Fourth Dimension Wealth LLC bought a new stake in Automatic Data Processing during the fourth quarter valued at approximately $38,000. Institutional investors own 80.03% of the company's stock.

Automatic Data Processing Trading Up 0.4%

ADP stock traded up $1.34 during trading on Monday, hitting $308.16. 295,479 shares of the company traded hands, compared to its average volume of 1,702,591. The company has a 50-day moving average of $308.06 and a 200-day moving average of $302.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.00 and a current ratio of 1.00. Automatic Data Processing, Inc. has a 1 year low of $231.27 and a 1 year high of $329.93. The firm has a market capitalization of $125.09 billion, a PE ratio of 32.11, a P/E/G ratio of 3.62 and a beta of 0.79.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released 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. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. The firm had revenue of $5.55 billion during the quarter, compared to analyst estimates of $5.49 billion. During the same quarter in the prior year, the firm posted $2.88 earnings per share. The business's quarterly revenue was up 5.7% compared to the same quarter last year. Analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company 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 2.00%. The ex-dividend date is Friday, June 13th. Automatic Data Processing's dividend payout ratio (DPR) is presently 63.05%.

Analyst Upgrades and Downgrades

ADP has been the topic of a number of research analyst reports. TD Securities increased their price target on shares of Automatic Data Processing from $298.00 to $321.00 and gave the stock a "hold" rating in a report on Wednesday, May 21st. 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $315.00 price target on shares of Automatic Data Processing in a research note on Thursday, June 5th. Stifel Nicolaus increased their price objective on Automatic Data Processing to $305.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Mizuho raised their price objective on Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a report on Friday. One investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $306.82.

Insider Activity

In other news, VP Brian L. Michaud sold 1,500 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $3,686,852.74. This trade represents a 11.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Christopher D'ambrosio sold 478 shares of the business's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $293.14, for a total transaction of $140,120.92. Following the transaction, the vice president now owns 7,364 shares in the company, valued at $2,158,682.96. This represents a 6.10% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

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.