Focus Partners Wealth Has $35.88 Million Stock Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Focus Partners Wealth grew its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 25.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 119,153 shares of the business services provider's stock after buying an additional 24,497 shares during the period. Focus Partners Wealth's holdings in Automatic Data Processing were worth $35,878,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in Automatic Data Processing by 1.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 228,973 shares of the business services provider's stock valued at $63,363,000 after purchasing an additional 2,203 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Automatic Data Processing by 2.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,777 shares of the business services provider's stock valued at $1,398,000 after acquiring an additional 120 shares during the period. Graypoint LLC grew its position in Automatic Data Processing by 2.5% during the fourth quarter. Graypoint LLC now owns 6,500 shares of the business services provider's stock valued at $1,903,000 after acquiring an additional 160 shares during the period. Czech National Bank grew its position in Automatic Data Processing by 6.3% during the fourth quarter. Czech National Bank now owns 88,345 shares of the business services provider's stock valued at $25,861,000 after acquiring an additional 5,273 shares during the period. Finally, Aprio Wealth Management LLC grew its position in Automatic Data Processing by 66.8% during the fourth quarter. Aprio Wealth Management LLC now owns 1,436 shares of the business services provider's stock valued at $420,000 after acquiring an additional 575 shares during the period. Hedge funds and other institutional investors own 80.03% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on ADP. Royal Bank of Canada reissued a "sector perform" rating and set a $315.00 price target on shares of Automatic Data Processing in a research report on Thursday, May 1st. Stifel Nicolaus upped their target price on Automatic Data Processing to $305.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. StockNews.com cut Automatic Data Processing from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. TD Securities boosted their price target on Automatic Data Processing from $296.00 to $298.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Finally, UBS Group boosted their price target on Automatic Data Processing from $318.00 to $324.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $303.55.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock traded up $1.22 on Wednesday, reaching $309.41. 1,163,103 shares of the company were exchanged, compared to its average volume of 1,692,712. 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 company's 50-day moving average is $297.44 and its two-hundred day moving average is $299.52. The firm has a market cap of $125.60 billion, a price-to-earnings ratio of 32.26, a P/E/G ratio of 3.62 and a beta of 0.76. Automatic Data Processing, Inc. has a 1-year low of $231.27 and a 1-year high of $322.84.

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

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors 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 yield of 1.99%. The ex-dividend date is Friday, June 13th. Automatic Data Processing's dividend payout ratio (DPR) is 63.05%.

Insider Buying and Selling at Automatic Data Processing

In related news, VP Christopher D'ambrosio sold 473 shares of Automatic Data Processing stock in a transaction on Monday, March 10th. The stock was sold at an average price of $306.20, for a total value of $144,832.60. Following the transaction, the vice president now directly owns 7,244 shares in the company, valued at $2,218,112.80. The trade was a 6.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Brian L. Michaud sold 1,500 shares of Automatic Data Processing stock in a transaction 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 completion of the transaction, the vice president now owns 12,073 shares in the company, valued at $3,686,852.74. The trade was a 11.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,451 shares of company stock valued at $743,024. 0.21% of the stock is owned by corporate insiders.

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.