OneDigital Investment Advisors LLC Sells 1,097 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

OneDigital Investment Advisors LLC lessened its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,241 shares of the business services provider's stock after selling 1,097 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Automatic Data Processing were worth $13,211,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in shares of Automatic Data Processing by 34,655.1% during the first quarter. GAMMA Investing LLC now owns 2,901,007 shares of the business services provider's stock worth $886,345,000 after acquiring an additional 2,892,660 shares during the period. Norges Bank bought a new stake in shares of Automatic Data Processing during the fourth quarter worth approximately $455,993,000. Winslow Capital Management LLC bought a new stake in shares of Automatic Data Processing during the fourth quarter worth approximately $396,714,000. Capital Research Global Investors boosted its holdings in shares of Automatic Data Processing by 26.9% during 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 period. Finally, Raymond James Financial Inc. bought a new stake in shares of Automatic Data Processing during the fourth quarter worth approximately $342,942,000. Institutional investors and hedge funds own 80.03% of the company's stock.

Insider Buying and Selling at Automatic Data Processing

In other news, VP Christopher D'ambrosio sold 478 shares of Automatic Data Processing stock in a transaction dated Thursday, April 10th. The stock was 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 directly owned 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

ADP has been the subject of a number of research analyst reports. Mizuho boosted their price objective on Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a report on Friday, June 13th. 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 report on Wednesday, May 21st. Royal Bank Of Canada restated a "sector perform" rating and set a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, June 5th. Stifel Nicolaus increased 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. Finally, Morgan Stanley increased their price target on Automatic Data Processing from $305.00 to $310.00 and gave the stock an "equal weight" rating in a research report on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Automatic Data Processing currently has an average rating of "Hold" and an average price target of $307.08.

Automatic Data Processing Trading Up 1.3%

NASDAQ:ADP traded up $3.91 during trading hours on Friday, hitting $308.96. 1,393,190 shares of the company were exchanged, compared to its average volume of 1,713,506. The stock has a market capitalization of $125.41 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76. 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 one year low of $231.27 and a one year high of $329.93. The company has a fifty day simple moving average of $312.20 and a 200 day simple moving average of $303.53.

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

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were given a $1.54 dividend. This represents a $6.16 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Friday, June 13th. Automatic Data Processing's dividend payout ratio (DPR) is presently 63.05%.

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.