Universal Beteiligungs und Servicegesellschaft mbH Raises Stock Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525,844 shares of the business services provider's stock after acquiring an additional 5,233 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.13% of Automatic Data Processing worth $160,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. von Borstel & Associates Inc. acquired a new stake in shares of Automatic Data Processing during the first quarter worth about $30,000. Main Street Group LTD boosted its stake in shares of Automatic Data Processing by 50.7% during the fourth quarter. Main Street Group LTD now owns 113 shares of the business services provider's stock worth $33,000 after buying an additional 38 shares during the period. Abound Wealth Management boosted its stake in shares of Automatic Data Processing by 58.1% during the first quarter. Abound Wealth Management now owns 117 shares of the business services provider's stock worth $36,000 after buying an additional 43 shares during the period. Banque de Luxembourg S.A. acquired a new stake in shares of Automatic Data Processing during the fourth quarter worth about $37,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Automatic Data Processing during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 80.03% of the company's stock.

Automatic Data Processing Price Performance

Shares of ADP traded up $2.26 during trading hours on Thursday, reaching $306.49. The company had a trading volume of 597,967 shares, compared to its average volume of 1,752,755. The firm has a 50 day simple moving average of $312.19 and a 200-day simple moving average of $304.33. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $124.41 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 2.77 and a beta of 0.76. Automatic Data Processing, Inc. has a 12-month low of $247.98 and a 12-month high of $329.93.

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, beating analysts' consensus estimates of $2.97 by $0.09. Automatic Data Processing had a net margin of 19.79% and a return on equity of 77.33%. The company had revenue of $5.55 billion during the quarter, compared to analysts' expectations of $5.49 billion. During the same period last year, the company posted $2.88 earnings per share. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. Research analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ADP. Morgan Stanley increased their target price on shares of Automatic Data Processing from $305.00 to $310.00 and gave the stock an "equal weight" rating in a research note on Tuesday, June 17th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $315.00 target price on shares of Automatic Data Processing in a research note on Thursday, June 5th. TD Securities increased their target price on shares of Automatic Data Processing from $298.00 to $321.00 and gave the stock a "hold" rating in a research note on Wednesday, May 21st. UBS Group decreased their target price 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. Finally, Mizuho raised their price objective 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. One research analyst has rated the stock with a sell rating, ten 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 an average target price of $309.62.

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.