Vise Technologies Inc. Has $1.87 Million Stake in Automatic Data Processing, Inc. (NASDAQ:ADP)

Vise Technologies Inc. boosted its position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 71.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,401 shares of the business services provider's stock after purchasing an additional 2,677 shares during the period. Vise Technologies Inc.'s holdings in Automatic Data Processing were worth $1,874,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Littlejohn Financial Services Inc. acquired a new stake in shares of Automatic Data Processing during the fourth quarter worth $708,000. Perigon Wealth Management LLC boosted its holdings in shares of Automatic Data Processing by 33.3% during the fourth quarter. Perigon Wealth Management LLC now owns 30,926 shares of the business services provider's stock worth $9,161,000 after purchasing an additional 7,734 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Automatic Data Processing by 1.8% during the fourth quarter. CIBC Asset Management Inc now owns 155,934 shares of the business services provider's stock worth $45,647,000 after purchasing an additional 2,787 shares during the last quarter. OLD National Bancorp IN boosted its holdings in shares of Automatic Data Processing by 7.8% during the fourth quarter. OLD National Bancorp IN now owns 13,677 shares of the business services provider's stock worth $4,004,000 after purchasing an additional 985 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Automatic Data Processing by 248.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 38,448 shares of the business services provider's stock worth $11,255,000 after purchasing an additional 27,424 shares during the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Brian L. Michaud sold 1,500 shares of the company'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 transaction, the vice president now owns 12,073 shares of the company's stock, valued at approximately $3,686,852.74. This represents a 11.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 completion of the transaction, the vice president now directly owns 7,364 shares of the company's stock, valued at $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 90 days, insiders sold 2,451 shares of company stock valued at $743,024. Insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

ADP has been the topic of several analyst reports. Barclays raised their price objective on Automatic Data Processing from $325.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Stifel Nicolaus lifted their target price on Automatic Data Processing to $305.00 and gave the company a "buy" rating in a report on Friday, May 2nd. TD Securities lifted their target price on Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a report on Wednesday, May 21st. Jefferies Financial Group lifted their target price on Automatic Data Processing from $290.00 to $305.00 and gave the company a "hold" rating in a report on Thursday, January 30th. Finally, UBS Group lifted their target price on Automatic Data Processing from $318.00 to $324.00 and gave the company a "neutral" rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $305.64.

Automatic Data Processing Stock Performance

ADP stock traded up $4.62 during mid-day trading on Tuesday, reaching $325.71. 1,745,136 shares of the stock traded hands, compared to its average volume of 1,705,490. 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, Inc. has a 52 week low of $231.27 and a 52 week high of $325.97. The business has a 50-day moving average of $301.58 and a two-hundred day moving average of $301.17. The firm has a market capitalization of $132.21 billion, a PE ratio of 33.96, a P/E/G ratio of 3.62 and a beta of 0.76.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The business services provider reported $3.06 EPS for the quarter, beating analysts' consensus estimates of $2.97 by $0.09. The business had revenue of $5.55 billion during the quarter, compared to analyst estimates of $5.49 billion. Automatic Data Processing had a net margin of 19.76% and a return on equity of 80.86%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.88 earnings per share. As a group, equities analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

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