Siemens Fonds Invest GmbH Has $504,000 Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Siemens Fonds Invest GmbH reduced its position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 91.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,722 shares of the business services provider's stock after selling 18,491 shares during the period. Siemens Fonds Invest GmbH's holdings in Automatic Data Processing were worth $504,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ADP. AMG National Trust Bank raised its stake in shares of Automatic Data Processing by 0.3% during the fourth quarter. AMG National Trust Bank now owns 11,334 shares of the business services provider's stock worth $3,318,000 after purchasing an additional 33 shares during the last quarter. Sentinus LLC lifted its position in shares of Automatic Data Processing by 2.3% in the fourth quarter. Sentinus LLC now owns 1,548 shares of the business services provider's stock valued at $453,000 after acquiring an additional 35 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in Automatic Data Processing by 1.0% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,686 shares of the business services provider's stock worth $1,079,000 after buying an additional 36 shares during the period. Gilbert & Cook Inc. raised its holdings in shares of Automatic Data Processing by 2.0% in the 4th quarter. Gilbert & Cook Inc. now owns 1,842 shares of the business services provider's stock worth $539,000 after purchasing an additional 37 shares during the period. Finally, Optas LLC grew its stake in shares of Automatic Data Processing by 3.4% in the fourth quarter. Optas LLC now owns 1,114 shares of the business services provider's stock valued at $326,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company's stock.

Analyst Ratings Changes

ADP has been the subject of a number of analyst reports. UBS Group boosted their price objective on Automatic Data Processing from $318.00 to $324.00 and gave the company a "neutral" rating in a research report on Tuesday, March 4th. TD Securities upped their price target on Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a report on Wednesday, May 21st. Barclays increased their price objective on Automatic Data Processing from $325.00 to $350.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Royal Bank of Canada reissued a "sector perform" rating and issued a $315.00 price target on shares of Automatic Data Processing in a research note on Thursday, May 1st. Finally, Stifel Nicolaus boosted their price objective on Automatic Data Processing to $305.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $305.64.

Insider Buying and Selling

In related news, VP Brian L. Michaud sold 1,500 shares of the 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 transaction, the vice president now 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 filing with the SEC, which is accessible through this link. Also, VP Christopher D'ambrosio sold 478 shares of the 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 transaction, the vice president now owns 7,364 shares in the company, 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. Over the last three months, insiders have sold 2,451 shares of company stock valued at $743,024. Insiders own 0.21% of the company's stock.

Automatic Data Processing Trading Up 0.3%

Shares of ADP traded up $1.10 during trading on Friday, reaching $325.22. 2,925,042 shares of the company traded hands, compared to its average volume of 1,702,995. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $327.99. The stock has a 50-day simple moving average of $303.74 and a 200-day simple moving average of $301.74. The stock has a market cap of $132.01 billion, a PE ratio of 33.91, a price-to-earnings-growth ratio of 3.62 and a beta of 0.76. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.59.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its quarterly 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. The firm had revenue of $5.55 billion during the quarter, compared to analysts' expectations of $5.49 billion. Automatic Data Processing had a net margin of 19.76% and a return on equity of 80.86%. Automatic Data Processing's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.88 EPS. On average, analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $1.54 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.16 annualized dividend and a dividend yield of 1.89%. Automatic Data Processing's dividend payout ratio is presently 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.