AEGON ASSET MANAGEMENT UK Plc Has $83.44 Million Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

AEGON ASSET MANAGEMENT UK Plc increased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 273,805 shares of the business services provider's stock after purchasing an additional 6,701 shares during the quarter. Automatic Data Processing accounts for 1.2% of AEGON ASSET MANAGEMENT UK Plc's investment portfolio, making the stock its 19th biggest holding. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.07% of Automatic Data Processing worth $83,441,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in Automatic Data Processing by 92.1% during the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider's stock worth $2,935,000 after buying an additional 4,808 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in Automatic Data Processing by 3.3% during the fourth quarter. Chicago Partners Investment Group LLC now owns 3,587 shares of the business services provider's stock worth $1,047,000 after buying an additional 116 shares in the last quarter. SYM FINANCIAL Corp increased its position in Automatic Data Processing by 10.1% during the fourth quarter. SYM FINANCIAL Corp now owns 820 shares of the business services provider's stock worth $240,000 after buying an additional 75 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its position in Automatic Data Processing by 29.8% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 5,435 shares of the business services provider's stock worth $1,591,000 after buying an additional 1,249 shares in the last quarter. Finally, Round Rock Advisors LLC purchased a new position in Automatic Data Processing during the fourth quarter worth $225,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Automatic Data Processing

In related news, VP Brian L. Michaud sold 1,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $305.38, for a total transaction of $458,070.00. Following the completion of the transaction, the vice president now directly owns 12,073 shares of the company's stock, valued at approximately $3,686,852.74. This represents a 11.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christopher D'ambrosio sold 473 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $306.20, for a total value of $144,832.60. Following the completion of the sale, the vice president now directly owns 7,244 shares of the company's stock, valued at approximately $2,218,112.80. The trade was a 6.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,451 shares of company stock worth $743,024. 0.21% of the stock is owned by insiders.

Analysts Set New Price Targets

ADP has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted 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. Wall Street Zen downgraded shares of Automatic Data Processing from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Royal Bank of Canada reiterated a "sector perform" rating and set a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday. TD Securities boosted their target price on shares of Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a report on Wednesday, May 21st. Finally, UBS Group lifted their price target on shares of Automatic Data Processing from $318.00 to $324.00 and gave the company a "neutral" rating in a report on Tuesday, March 4th. One 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $305.64.

Automatic Data Processing Stock Up 0.0%

Shares of ADP traded up $0.02 during trading on Thursday, reaching $326.23. The company's stock had a trading volume of 1,815,410 shares, compared to its average volume of 1,708,067. The company has a fifty day moving average of $305.14 and a two-hundred day moving average of $302.23. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $327.99. The company has a market cap of $132.42 billion, a price-to-earnings ratio of 34.02, a P/E/G ratio of 3.62 and a beta of 0.76. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.59.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The business services provider reported $3.06 EPS for the quarter, topping 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 the consensus estimate of $5.49 billion. During the same period in the prior year, the business earned $2.88 EPS. The firm's revenue was up 5.7% on a year-over-year basis. On average, sell-side analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS 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. Stockholders of record on Friday, June 13th will be paid a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, June 13th. Automatic Data Processing's dividend payout ratio (DPR) is presently 63.05%.

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.