Integrated Investment Consultants LLC Purchases Shares of 6,889 Automatic Data Processing, Inc. (NASDAQ:ADP)

Key Points

• Integrated Investment Consultants LLC has acquired a new stake worth approximately $2.11 million in Automatic Data Processing, purchasing 6,889 shares during the first quarter.
• Automatic Data Processing reported an EPS of $3.06 for the quarter, surpassing analyst expectations, with revenue increasing by 5.7% year-over-year.
• The company's stock has shown volatility with a 52-week range between $249.49 and $329.93, and currently has a market capitalization of $125.28 billion.

Integrated Investment Consultants LLC acquired a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,889 shares of the business services provider's stock, valued at approximately $2,105,000.

Several other large investors have also recently bought and sold shares of the stock. von Borstel & Associates Inc. acquired a new stake in Automatic Data Processing during the 1st quarter worth approximately $30,000. Main Street Group LTD increased its holdings in shares of 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 purchasing an additional 38 shares during the period. Abound Wealth Management grew its position in Automatic Data Processing by 58.1% during the first quarter. Abound Wealth Management now owns 117 shares of the business services provider's stock worth $36,000 after buying an additional 43 shares in the last quarter. Banque de Luxembourg S.A. bought a new position in Automatic Data Processing during the 4th quarter worth $37,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Automatic Data Processing during the 4th quarter valued at $37,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. UBS Group decreased their price target on Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating on the stock in a research report on Friday, June 13th. BMO Capital Markets upgraded shares of Automatic Data Processing to a "hold" rating and set a $340.00 price target on the stock in a research report on Thursday, July 10th. Mizuho boosted their price objective on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a research report on Friday, June 13th. TD Securities upped their target price 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, Stifel Nicolaus increased 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 equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Automatic Data Processing currently has a consensus rating of "Hold" and an average price target of $309.62.

Automatic Data Processing Trading Down 0.6%

Shares of Automatic Data Processing stock traded down $1.74 during trading on Monday, hitting $306.89. The company's stock had a trading volume of 1,184,801 shares, compared to its average volume of 1,295,270. The stock has a market cap of $124.57 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 2.83 and a beta of 0.76. Automatic Data Processing, Inc. has a 52 week low of $252.63 and a 52 week high of $329.93. The stock has a 50-day moving average price of $311.78 and a two-hundred day moving average price of $304.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.02 and a quick ratio of 1.02.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $5.55 billion during the quarter, compared to analysts' expectations of $5.49 billion. Automatic Data Processing had a return on equity of 77.33% and a net margin of 19.79%. The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.88 earnings per share. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

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.