Kintegral Advisory LLC Has $5.17 Million Stake in Automatic Data Processing, Inc. (NASDAQ:ADP)

Kintegral Advisory LLC decreased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 32.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,851 shares of the business services provider's stock after selling 8,266 shares during the quarter. Automatic Data Processing accounts for approximately 0.8% of Kintegral Advisory LLC's investment portfolio, making the stock its 27th largest position. Kintegral Advisory LLC's holdings in Automatic Data Processing were worth $5,174,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ADP. Vanguard Group Inc. lifted its holdings in shares of Automatic Data Processing by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 40,731,270 shares of the business services provider's stock worth $11,923,265,000 after acquiring an additional 277,324 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Automatic Data Processing by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 10,583,607 shares of the business services provider's stock worth $3,098,305,000 after acquiring an additional 65,965 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Automatic Data Processing by 17.1% in the fourth quarter. Northern Trust Corp now owns 6,174,419 shares of the business services provider's stock worth $1,807,438,000 after acquiring an additional 902,354 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Automatic Data Processing by 26.9% in the fourth quarter. Capital Research Global Investors now owns 6,136,763 shares of the business services provider's stock worth $1,796,415,000 after acquiring an additional 1,299,390 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Automatic Data Processing by 6.0% in the fourth quarter. Invesco Ltd. now owns 3,886,552 shares of the business services provider's stock worth $1,137,710,000 after acquiring an additional 219,032 shares during the last quarter. Institutional investors own 80.03% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Automatic Data Processing

In other news, VP Christopher D'ambrosio sold 478 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $293.14, for a total transaction of $140,120.92. Following the completion of the sale, the vice president owned 7,364 shares of the company's stock, valued at $2,158,682.96. This trade represents a 6.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by company insiders.

Automatic Data Processing Trading Down 0.3%

NASDAQ:ADP traded down $0.80 on Monday, reaching $308.40. 1,635,700 shares of the stock traded hands, compared to its average volume of 1,713,391. The firm has a market capitalization of $125.19 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76. The company's 50 day moving average is $312.20 and its 200-day moving average is $303.61. 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, Inc. has a 1-year low of $231.27 and a 1-year high of $329.93.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released its earnings results on Wednesday, April 30th. The business services provider reported $3.06 earnings per share for the quarter, beating analysts' consensus estimates of $2.97 by $0.09. The business had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $5.49 billion. Automatic Data Processing had a net margin of 19.79% and a return on equity of 77.33%. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.88 EPS. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

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