Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 145,907 shares of the business services provider's stock after buying an additional 7,922 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in Automatic Data Processing were worth $44,579,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ADP. AMG National Trust Bank boosted its stake in Automatic Data Processing by 0.3% during the fourth quarter. AMG National Trust Bank now owns 11,334 shares of the business services provider's stock worth $3,318,000 after buying an additional 33 shares during the period. Sentinus LLC boosted its stake in Automatic Data Processing by 2.3% during the fourth quarter. Sentinus LLC now owns 1,548 shares of the business services provider's stock worth $453,000 after buying an additional 35 shares during the period. Rehmann Capital Advisory Group boosted its stake in Automatic Data Processing by 1.0% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,686 shares of the business services provider's stock worth $1,079,000 after buying an additional 36 shares during the period. Canton Hathaway LLC boosted its stake in Automatic Data Processing by 6.7% during the fourth quarter. Canton Hathaway LLC now owns 593 shares of the business services provider's stock worth $174,000 after buying an additional 37 shares during the period. Finally, Delta Financial Advisors LLC boosted its stake in Automatic Data Processing by 0.3% during the fourth quarter. Delta Financial Advisors LLC now owns 14,572 shares of the business services provider's stock worth $4,266,000 after buying an additional 37 shares during the period. 80.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Brian L. Michaud sold 1,500 shares of the company'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 transaction, the vice president now directly owns 12,073 shares in the company, valued at approximately $3,686,852.74. This represents a 11.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher D'ambrosio sold 478 shares of the company'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 completion of the transaction, the vice president now owns 7,364 shares in the company, valued at approximately $2,158,682.96. This trade represents a 6.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is owned by insiders.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP traded down $2.61 on Thursday, reaching $309.75. 1,798,851 shares of the company were exchanged, compared to its average volume of 1,703,092. Automatic Data Processing, Inc. has a 1-year low of $231.27 and a 1-year high of $329.93. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average of $306.89 and a 200-day moving average of $302.88. The firm has a market cap of $125.73 billion, a price-to-earnings ratio of 32.30, a price-to-earnings-growth 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 EPS for the quarter, topping the consensus estimate of $2.97 by $0.09. Automatic Data Processing had a net margin of 19.76% and a return on equity of 80.86%. The business had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.49 billion. During the same period in the previous year, the firm earned $2.88 EPS. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. Equities analysts forecast 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 announced 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. The ex-dividend date is Friday, June 13th. This represents a $6.16 dividend on an annualized basis and a yield of 1.99%. Automatic Data Processing's dividend payout ratio (DPR) is 63.05%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ADP shares. TD Securities increased their target price on shares of Automatic Data Processing from $298.00 to $321.00 and gave the stock a "hold" rating in a research note on Wednesday, May 21st. UBS Group increased their target price on shares of Automatic Data Processing from $318.00 to $324.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 4th. Royal Bank of Canada reissued a "sector perform" rating and issued a $315.00 price objective on shares of Automatic Data Processing in a research note on Thursday, June 5th. Finally, Stifel Nicolaus raised their price objective on shares of Automatic Data Processing to $305.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $305.64.

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.