Strategic Blueprint LLC Has $890,000 Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Strategic Blueprint LLC decreased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 29.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,911 shares of the business services provider's stock after selling 1,207 shares during the period. Strategic Blueprint LLC's holdings in Automatic Data Processing were worth $890,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Main Street Group LTD lifted its holdings in 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 worth $33,000 after purchasing an additional 38 shares during the last quarter. Cyrus J. Lawrence LLC raised its holdings in Automatic Data Processing by 121.8% in the 4th 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 during the period. Abound Wealth Management lifted its position in Automatic Data Processing by 58.1% during the 1st quarter. Abound Wealth Management now owns 117 shares of the business services provider's stock worth $36,000 after acquiring an additional 43 shares during the last quarter. Banque de Luxembourg S.A. bought a new stake in Automatic Data Processing during the fourth quarter valued at about $37,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Automatic Data Processing during the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 80.03% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on ADP shares. Mizuho raised their price target on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a research report on Friday, June 13th. UBS Group decreased their price objective on Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating on the stock in a report on Friday, June 13th. Royal Bank Of Canada restated a "sector perform" rating and issued a $315.00 target price on shares of Automatic Data Processing in a research note on Thursday, June 5th. Morgan Stanley increased their price target on shares of Automatic Data Processing from $305.00 to $310.00 and gave the stock an "equal weight" rating in a research report on Tuesday, June 17th. Finally, Stifel Nicolaus lifted their price objective on Automatic Data Processing to $305.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Automatic Data Processing currently has an average rating of "Hold" and a consensus target price of $307.08.

Automatic Data Processing Trading Down 0.3%

Shares of ADP traded down $0.80 during trading hours on Monday, hitting $308.40. 1,635,700 shares of the stock traded hands, compared to its average volume of 1,713,391. The business has a fifty day moving average of $312.20 and a 200-day moving average of $303.61. The firm has a market capitalization of $125.19 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76. 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 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.51.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The business services provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.09. The business 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 revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.88 earnings per share. Analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

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

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Christopher D'ambrosio sold 478 shares of Automatic Data Processing stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $293.14, for a total value of $140,120.92. Following the transaction, the vice president owned 7,364 shares of the company's stock, valued at approximately $2,158,682.96. The trade was a 6.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.21% of the company's stock.

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.