Personal CFO Solutions LLC Buys 326 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Personal CFO Solutions LLC increased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 24.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,650 shares of the business services provider’s stock after acquiring an additional 326 shares during the period. Personal CFO Solutions LLC’s holdings in Automatic Data Processing were worth $483,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ADP. Itau Unibanco Holding S.A. acquired a new position in Automatic Data Processing in the third quarter valued at about $26,000. Dunhill Financial LLC raised its stake in shares of Automatic Data Processing by 346.5% during the third quarter. Dunhill Financial LLC now owns 106 shares of the business services provider’s stock worth $29,000 after buying an additional 149 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Automatic Data Processing during the third quarter worth approximately $35,000. Sugar Maple Asset Management LLC bought a new stake in shares of Automatic Data Processing during the fourth quarter worth approximately $37,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Automatic Data Processing during the fourth quarter worth approximately $37,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ADP has been the subject of a number of recent research reports. Barclays boosted their price target on shares of Automatic Data Processing from $325.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. 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 note 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. Jefferies Financial Group upped their target price on shares of Automatic Data Processing from $290.00 to $305.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Finally, UBS Group upped their target price on shares of Automatic Data Processing from $318.00 to $324.00 and gave the company a “neutral” rating in a research note on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $296.18.

Automatic Data Processing Price Performance

Shares of ADP opened at $306.45 on Monday. The firm has a market capitalization of $124.87 billion, a PE ratio of 31.96, a PEG ratio of 3.62 and a beta of 0.76. The company’s 50-day moving average is $302.08 and its 200-day moving average is $293.93. Automatic Data Processing, Inc. has a fifty-two week low of $231.27 and a fifty-two week high of $322.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.00 and a quick ratio of 1.00.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly 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 net margin of 19.76% and a return on equity of 80.86%. Equities analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The company also recently disclosed 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 of this dividend is Friday, March 14th. This represents a $6.16 dividend on an annualized basis and a yield of 2.01%. Automatic Data Processing’s payout ratio is 64.23%.

Insiders Place Their Bets

In related news, VP Jonathan S. Lehberger sold 2,324 shares of Automatic Data Processing stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $303.30, for a total transaction of $704,869.20. Following the sale, the vice president now directly owns 3,063 shares in the company, valued at $929,007.90. This trade represents a 43.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian L. Michaud sold 362 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $293.83, for a total transaction of $106,366.46. Following the transaction, the vice president now owns 13,706 shares of the company’s stock, valued at approximately $4,027,233.98. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,478 shares of company stock worth $1,617,241 over the last ninety days. Corporate insiders own 0.21% of the company’s stock.

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.