ORG Wealth Partners LLC Buys 1,098 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

ORG Wealth Partners LLC raised its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 75.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,557 shares of the business services provider's stock after buying an additional 1,098 shares during the period. ORG Wealth Partners LLC's holdings in Automatic Data Processing were worth $784,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ADP. Main Street Group LTD boosted its position in Automatic Data Processing by 50.7% during the 4th quarter. Main Street Group LTD now owns 113 shares of the business services provider's stock valued at $33,000 after buying an additional 38 shares during the period. Cyrus J. Lawrence LLC lifted its position in Automatic Data Processing by 121.8% during the 4th quarter. Cyrus J. Lawrence LLC now owns 122 shares of the business services provider's stock valued at $35,000 after acquiring an additional 67 shares during the period. Abound Wealth Management lifted its position in Automatic Data Processing by 58.1% during the 1st quarter. Abound Wealth Management now owns 117 shares of the business services provider's stock valued at $36,000 after acquiring an additional 43 shares during the period. Banque de Luxembourg S.A. purchased a new position in Automatic Data Processing in the fourth quarter worth about $37,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Automatic Data Processing in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 80.03% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ADP. UBS Group reduced their price target on shares of 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. Mizuho boosted their target price 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 lifted their price target on shares of Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a report on Wednesday, May 21st. Stifel Nicolaus boosted their target price on shares of Automatic Data Processing to $305.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $315.00 target price on shares of Automatic Data Processing in a report on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Automatic Data Processing presently has an average rating of "Hold" and a consensus price target of $307.08.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Brian L. Michaud sold 1,500 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $305.38, for a total transaction of $458,070.00. Following the transaction, the vice president now directly owns 12,073 shares in the company, valued at $3,686,852.74. This represents a 11.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher D'ambrosio sold 478 shares of the 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 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. Company insiders own 0.21% of the company's stock.

Automatic Data Processing Trading Down 0.3%

ADP stock opened at $306.77 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.51. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $329.93. The stock has a market capitalization of $124.52 billion, a price-to-earnings ratio of 31.40, a price-to-earnings-growth ratio of 3.19 and a beta of 0.79. The firm's fifty day simple moving average is $309.19 and its two-hundred day simple moving average is $302.92.

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

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Friday, June 13th. Automatic Data Processing's payout ratio is presently 63.05%.

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.

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