Automatic Data Processing, Inc. (NASDAQ:ADP) Holdings Decreased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lessened its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 24.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,906 shares of the business services provider's stock after selling 6,244 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Automatic Data Processing were worth $5,564,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Littlejohn Financial Services Inc. purchased a new position in Automatic Data Processing in the fourth quarter valued at about $708,000. Perigon Wealth Management LLC raised its position in shares of Automatic Data Processing by 33.3% in the 4th quarter. Perigon Wealth Management LLC now owns 30,926 shares of the business services provider's stock valued at $9,161,000 after purchasing an additional 7,734 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Automatic Data Processing by 1.8% during the 4th quarter. CIBC Asset Management Inc now owns 155,934 shares of the business services provider's stock valued at $45,647,000 after buying an additional 2,787 shares during the last quarter. OLD National Bancorp IN grew its position in shares of Automatic Data Processing by 7.8% during the fourth quarter. OLD National Bancorp IN now owns 13,677 shares of the business services provider's stock worth $4,004,000 after buying an additional 985 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in shares of Automatic Data Processing by 248.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 38,448 shares of the business services provider's stock worth $11,255,000 after buying an additional 27,424 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company's stock.

Insider Activity

In other Automatic Data Processing news, VP Christopher D'ambrosio sold 473 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $306.20, for a total transaction of $144,832.60. Following the completion of the transaction, the vice president now directly owns 7,244 shares of the company's stock, valued at $2,218,112.80. The trade was a 6.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Brian L. Michaud sold 1,500 shares of the company's stock in a transaction dated 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 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 2,451 shares of company stock valued at $743,024. 0.21% of the stock is currently owned by company insiders.

Automatic Data Processing Stock Performance

ADP traded up $1.41 on Friday, hitting $325.53. 2,919,131 shares of the company's stock were exchanged, compared to its average volume of 1,706,550. 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 stock has a fifty day moving average of $303.22 and a two-hundred day moving average of $301.62. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $327.99. The firm has a market cap of $132.14 billion, a PE ratio of 33.94, a P/E/G ratio of 3.62 and a beta of 0.76.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its earnings results on Wednesday, April 30th. The business services provider reported $3.06 EPS for the quarter, beating the consensus estimate of $2.97 by $0.09. The company had revenue of $5.55 billion during the quarter, compared to analyst estimates of $5.49 billion. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. The business's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.88 earnings per share. On average, research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Friday, June 13th. Automatic Data Processing's payout ratio is 63.05%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wall Street Zen cut shares of Automatic Data Processing from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Jefferies Financial Group upped their target price on shares of Automatic Data Processing from $290.00 to $305.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. Barclays increased their price target on shares of Automatic Data Processing from $325.00 to $350.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. TD Securities lifted their price target on Automatic Data Processing from $298.00 to $321.00 and gave the stock a "hold" rating in a research note on Wednesday, May 21st. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $315.00 price objective on shares of Automatic Data Processing in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $305.64.

About Automatic Data Processing

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.