Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Sold by G&S Capital LLC

G&S Capital LLC reduced its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,548 shares of the business services provider’s stock after selling 263 shares during the quarter. G&S Capital LLC’s holdings in Automatic Data Processing were worth $1,917,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Avestar Capital LLC boosted its position in Automatic Data Processing by 16.7% during the 4th quarter. Avestar Capital LLC now owns 2,543 shares of the business services provider’s stock worth $748,000 after purchasing an additional 363 shares during the period. MGB Wealth Management LLC lifted its stake in shares of Automatic Data Processing by 2.8% during the fourth quarter. MGB Wealth Management LLC now owns 3,573 shares of the business services provider’s stock worth $1,046,000 after purchasing an additional 98 shares in the last quarter. Hemington Wealth Management boosted its position in shares of Automatic Data Processing by 2.4% in the fourth quarter. Hemington Wealth Management now owns 1,738 shares of the business services provider’s stock worth $508,000 after buying an additional 40 shares during the period. Ingalls & Snyder LLC boosted its position in shares of Automatic Data Processing by 0.4% in the fourth quarter. Ingalls & Snyder LLC now owns 16,280 shares of the business services provider’s stock worth $4,766,000 after buying an additional 69 shares during the period. Finally, Warren Street Wealth Advisors LLC grew its stake in shares of Automatic Data Processing by 4.4% in the fourth quarter. Warren Street Wealth Advisors LLC now owns 1,297 shares of the business services provider’s stock valued at $380,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Buying and Selling at Automatic Data Processing

In related news, CEO Maria Black sold 721 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $291.59, for a total value of $210,236.39. Following the sale, the chief executive officer now owns 68,856 shares of the company’s stock, valued at approximately $20,077,721.04. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jonathan S. Lehberger sold 2,324 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $303.30, for a total value of $704,869.20. Following the transaction, the vice president now owns 3,063 shares of the company’s stock, valued at approximately $929,007.90. The trade was a 43.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,478 shares of company stock worth $1,617,241 over the last 90 days. Insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

ADP has been the topic of several recent research reports. Jefferies Financial Group boosted their price target on Automatic Data Processing from $290.00 to $305.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. StockNews.com downgraded shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $315.00 price target on shares of Automatic Data Processing in a report on Thursday, January 30th. UBS Group boosted their price objective on shares of Automatic Data Processing from $270.00 to $295.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Mizuho raised their target price on Automatic Data Processing from $281.00 to $310.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Automatic Data Processing presently has a consensus rating of “Hold” and an average target price of $293.55.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $306.65 on Thursday. The company’s 50-day simple moving average is $297.32 and its 200-day simple moving average is $287.85. Automatic Data Processing, Inc. has a one year low of $231.27 and a one year high of $311.67. The stock has a market capitalization of $124.95 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 3.60 and a beta of 0.79. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.00 and a current ratio of 1.00.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, January 29th. The business services provider reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. Equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $1.54 per share. The ex-dividend date is Friday, March 14th. This represents a $6.16 annualized dividend and a yield of 2.01%. Automatic Data Processing’s payout ratio is 64.23%.

About Automatic Data Processing

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.