Automatic Data Processing, Inc. (NASDAQ:ADP) is Jacobs & Co. CA's 9th Largest Position

Jacobs & Co. CA lowered its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 1.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,804 shares of the business services provider's stock after selling 799 shares during the quarter. Automatic Data Processing comprises 1.8% of Jacobs & Co. CA's portfolio, making the stock its 9th biggest holding. Jacobs & Co. CA's holdings in Automatic Data Processing were worth $16,438,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ADP. Lederer & Associates Investment Counsel CA raised its position in shares of Automatic Data Processing by 0.4% during the 1st quarter. Lederer & Associates Investment Counsel CA now owns 11,580 shares of the business services provider's stock valued at $3,538,000 after purchasing an additional 50 shares during the period. Trust Co of the South raised its position in shares of Automatic Data Processing by 1.5% during the 1st quarter. Trust Co of the South now owns 3,075 shares of the business services provider's stock valued at $940,000 after purchasing an additional 45 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Automatic Data Processing by 7.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,918 shares of the business services provider's stock valued at $892,000 after purchasing an additional 207 shares during the period. Milestone Asset Management Group LLC bought a new stake in Automatic Data Processing during the fourth quarter valued at about $769,000. Finally, M1 Capital Management LLC bought a new stake in Automatic Data Processing during the fourth quarter valued at about $383,000. Institutional investors own 80.03% of the company's stock.

Automatic Data Processing Price Performance

ADP traded up $1.10 during trading hours on Friday, hitting $325.22. The company's stock had a trading volume of 2,925,042 shares, compared to its average volume of 1,707,067. The business's 50-day moving average price is $303.74 and its 200-day moving average price is $301.74. Automatic Data Processing, Inc. has a 12 month low of $231.27 and a 12 month high of $327.99. 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 market cap of $132.01 billion, a price-to-earnings ratio of 33.91, 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 earnings per share for the quarter, topping analysts' consensus estimates of $2.97 by $0.09. Automatic Data Processing had a net margin of 19.76% and a return on equity of 80.86%. The firm had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $5.49 billion. During the same period in the previous year, the firm posted $2.88 EPS. The business's quarterly revenue was up 5.7% on a year-over-year basis. Sell-side analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen downgraded Automatic Data Processing from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. UBS Group lifted their price objective on shares of Automatic Data Processing from $318.00 to $324.00 and gave the company 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 company a "hold" rating in a research report on Thursday, January 30th. TD Securities lifted their price objective on shares of Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a research report on Wednesday, May 21st. Finally, Barclays lifted their price target on shares of Automatic Data Processing from $325.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $305.64.

Insider Buying and Selling at Automatic Data Processing

In other news, VP Brian L. Michaud sold 1,500 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $305.38, for a total value of $458,070.00. Following the transaction, the vice president now directly owns 12,073 shares in the company, valued at approximately $3,686,852.74. This represents a 11.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Christopher D'ambrosio sold 478 shares of the company's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $293.14, for a total transaction of $140,120.92. Following the completion of the transaction, the vice president now owns 7,364 shares in the company, valued at approximately $2,158,682.96. The trade was a 6.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,451 shares of company stock worth $743,024 over the last quarter. 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.