Securian Asset Management Inc. Has $6.08 Million Stock Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

Securian Asset Management Inc. lessened its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,090 shares of the business services provider's stock after selling 3,475 shares during the period. Securian Asset Management Inc.'s holdings in Automatic Data Processing were worth $6,078,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its stake in shares of Automatic Data Processing by 22,539.4% in the 4th quarter. International Assets Investment Management LLC now owns 934,326 shares of the business services provider's stock worth $217,670,000 after buying an additional 930,199 shares during the last quarter. Invesco Ltd. boosted its stake in Automatic Data Processing by 40.7% during the third quarter. Invesco Ltd. now owns 3,128,701 shares of the business services provider's stock worth $752,703,000 after buying an additional 905,043 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Automatic Data Processing by 65.5% in the third quarter. Envestnet Asset Management Inc. now owns 1,402,511 shares of the business services provider's stock worth $337,416,000 after buying an additional 555,184 shares during the period. Ameriprise Financial Inc. increased its stake in Automatic Data Processing by 18.3% in the third quarter. Ameriprise Financial Inc. now owns 3,576,575 shares of the business services provider's stock worth $855,287,000 after purchasing an additional 553,946 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in Automatic Data Processing during the 3rd quarter valued at $107,401,000. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP traded up $2.27 during mid-day trading on Friday, hitting $252.33. 1,291,521 shares of the stock were exchanged, compared to its average volume of 1,377,850. The stock's fifty day simple moving average is $245.37 and its two-hundred day simple moving average is $240.14. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $103.28 billion, a P/E ratio of 28.16, a PEG ratio of 2.38 and a beta of 0.78. Automatic Data Processing, Inc. has a twelve month low of $205.53 and a twelve month high of $256.84.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $2.88 EPS for the quarter, beating analysts' consensus estimates of $2.79 by $0.09. The company had revenue of $5.30 billion for the quarter, compared to analyst estimates of $5.22 billion. Automatic Data Processing had a return on equity of 93.09% and a net margin of 19.56%. The company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.52 earnings per share. As a group, analysts forecast that Automatic Data Processing, Inc. will post 9.16 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $1.40 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.22%. Automatic Data Processing's payout ratio is currently 62.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ADP shares. TD Cowen lowered their target price on shares of Automatic Data Processing from $253.00 to $251.00 and set a "hold" rating for the company in a research note on Thursday, May 2nd. Evercore ISI boosted their price objective on Automatic Data Processing from $227.00 to $235.00 and gave the stock an "underperform" rating in a research note on Tuesday, March 26th. Royal Bank of Canada reissued a "sector perform" rating and issued a $267.00 price objective on shares of Automatic Data Processing in a research note on Thursday, February 1st. JPMorgan Chase & Co. dropped their price objective on Automatic Data Processing from $254.00 to $250.00 and set an "underweight" rating on the stock in a report on Thursday, May 2nd. Finally, Mizuho upped their price objective on Automatic Data Processing from $265.00 to $272.00 and gave the stock a "buy" rating in a report on Monday, March 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $255.42.

Insider Activity

In related news, VP Joseph Desilva sold 1,904 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $255.00, for a total transaction of $485,520.00. Following the transaction, the vice president now directly owns 17,179 shares of the company's stock, valued at approximately $4,380,645. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, VP Sreenivasa Kutam sold 368 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $247.01, for a total transaction of $90,899.68. Following the sale, the vice president now owns 20,319 shares of the company's stock, valued at approximately $5,018,996.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joseph Desilva sold 1,904 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $255.00, for a total transaction of $485,520.00. Following the completion of the transaction, the vice president now owns 17,179 shares in the company, valued at $4,380,645. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,966 shares of company stock worth $749,524. Insiders own 0.26% of the company's stock.

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.