Liberty Square Wealth Partners LLC Purchases Shares of 3,350 Automatic Data Processing, Inc. (NASDAQ:ADP)

Liberty Square Wealth Partners LLC acquired a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,350 shares of the business services provider's stock, valued at approximately $1,032,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameriflex Group Inc. bought a new stake in shares of Automatic Data Processing in the 4th quarter valued at approximately $344,000. Challenger Wealth Management bought a new stake in shares of Automatic Data Processing in the 4th quarter valued at approximately $1,522,000. Ascent Group LLC boosted its position in Automatic Data Processing by 14.1% during the 4th quarter. Ascent Group LLC now owns 9,550 shares of the business services provider's stock valued at $2,796,000 after purchasing an additional 1,181 shares during the period. Putney Financial Group LLC acquired a new position in Automatic Data Processing during the 4th quarter valued at approximately $439,000. Finally, Aurdan Capital Management LLC acquired a new position in Automatic Data Processing during the 4th quarter valued at approximately $3,089,000. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Automatic Data Processing Stock Down 0.5%

NASDAQ:ADP traded down $1.57 during trading hours on Wednesday, hitting $324.14. 1,157,704 shares of the company's stock traded hands, compared to its average volume of 1,704,191. The firm has a market cap of $131.58 billion, a P/E ratio of 33.80, a P/E/G ratio of 3.62 and a beta of 0.76. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $329.12. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.00 and a current ratio of 1.00. The stock's fifty day moving average price is $302.14 and its two-hundred day moving average price is $301.34.

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

Automatic Data Processing Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.16 dividend on an annualized basis and a yield of 1.90%. Automatic Data Processing's dividend payout ratio (DPR) is currently 63.05%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ADP. Wall Street Zen lowered Automatic Data Processing from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Stifel Nicolaus boosted their price target on Automatic Data Processing to $305.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Royal Bank of Canada reissued a "sector perform" rating and issued a $315.00 price objective on shares of Automatic Data Processing in a research note on Thursday, May 1st. UBS Group boosted their price objective on Automatic Data Processing from $318.00 to $324.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 4th. Finally, TD Securities boosted their price objective 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $305.64.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Brian L. Michaud sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $305.38, for a total value 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 $3,686,852.74. This represents a 11.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Christopher D'ambrosio sold 478 shares of the company'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 value of $140,120.92. Following the completion of the transaction, the vice president now directly owns 7,364 shares of the company's stock, valued at approximately $2,158,682.96. This trade represents a 6.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,451 shares of company stock worth $743,024 over the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

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.