Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,771,011 shares of the business services provider's stock after acquiring an additional 532,485 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.93% of Automatic Data Processing worth $1,103,888,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADP. Main Street Group LTD grew its stake in Automatic Data Processing by 50.7% during the fourth quarter. Main Street Group LTD now owns 113 shares of the business services provider's stock worth $33,000 after buying an additional 38 shares during the last quarter. Cyrus J. Lawrence LLC increased its holdings 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 acquiring an additional 67 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in Automatic Data Processing during the 4th quarter worth approximately $37,000. Wingate Wealth Advisors Inc. bought a new stake in Automatic Data Processing in the 4th quarter valued at $37,000. Finally, Banque de Luxembourg S.A. acquired a new stake in Automatic Data Processing in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 80.03% of the company's stock.

Insider Buying and Selling at Automatic Data Processing

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on ADP. UBS Group increased their price objective on Automatic Data Processing from $318.00 to $324.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 4th. Jefferies Financial Group lifted their price objective on shares of Automatic Data Processing from $290.00 to $305.00 and gave the stock a "hold" rating in a report on Thursday, January 30th. TD Securities boosted their price objective on Automatic Data Processing from $296.00 to $298.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Barclays lifted their target price on shares of Automatic Data Processing from $325.00 to $350.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Finally, StockNews.com cut shares of Automatic Data Processing from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. One research 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.com, Automatic Data Processing has an average rating of "Hold" and a consensus price target of $303.55.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $322.96 on Tuesday. 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 price of $298.87 and a 200 day moving average price of $300.38. Automatic Data Processing, Inc. has a 12-month low of $231.27 and a 12-month high of $328.00. The stock has a market cap of $131.10 billion, a P/E ratio of 33.68, a PEG ratio of 3.62 and a beta of 0.76.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its earnings results on Wednesday, April 30th. The business services provider reported $3.06 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.49 billion. During the same quarter last year, the company earned $2.88 EPS. The business's quarterly revenue was up 5.7% on a year-over-year basis. Sell-side analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The business also recently disclosed 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 1.91%. The ex-dividend date is Friday, June 13th. Automatic Data Processing's dividend payout ratio is currently 63.05%.

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.

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