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

Siemens Fonds Invest GmbH lowered its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 91.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Main Street Group LTD boosted its stake in Automatic Data Processing by 50.7% in the fourth 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 in the last quarter. Cyrus J. Lawrence LLC lifted its holdings in shares of Automatic Data Processing by 121.8% in the fourth quarter. Cyrus J. Lawrence LLC now owns 122 shares of the business services provider's stock worth $35,000 after acquiring an additional 67 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of Automatic Data Processing in the 4th quarter valued at approximately $37,000. Banque de Luxembourg S.A. acquired a new stake in shares of Automatic Data Processing in the 4th quarter valued at approximately $37,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Automatic Data Processing during the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 80.03% of the company's stock.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $319.37 on Friday. The stock has a market capitalization of $129.64 billion, a price-to-earnings ratio of 33.30, a PEG ratio of 3.62 and a beta of 0.76. Automatic Data Processing, Inc. has a 52-week low of $231.27 and a 52-week high of $322.84. 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 50 day moving average price is $298.29 and its two-hundred day moving average price is $300.06.

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

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Friday, June 13th. Automatic Data Processing's dividend payout ratio (DPR) is currently 63.05%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Jefferies Financial Group increased their price objective on shares of Automatic Data Processing from $290.00 to $305.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. TD Securities upped their price target on shares of Automatic Data Processing from $296.00 to $298.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. StockNews.com downgraded Automatic Data Processing from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Stifel Nicolaus boosted their price objective on Automatic Data Processing to $305.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $315.00 target price on shares of Automatic Data Processing in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $303.55.

Insiders Place Their Bets

In other news, VP Brian L. Michaud sold 1,500 shares of the business's 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 completion of the sale, the vice president now directly owns 12,073 shares of the company's stock, valued at $3,686,852.74. The trade was a 11.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Christopher D'ambrosio sold 473 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $306.20, for a total transaction of $144,832.60. Following the completion of the sale, the vice president now owns 7,244 shares in the company, valued at $2,218,112.80. This represents a 6.13% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,451 shares of company stock worth $743,024. Corporate insiders own 0.21% of the company's stock.

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.

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