Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 1,233 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lowered its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 23.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,121 shares of the business services provider’s stock after selling 1,233 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Automatic Data Processing were worth $1,206,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Avantax Advisory Services Inc. boosted its position in Automatic Data Processing by 7.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 32,175 shares of the business services provider’s stock valued at $9,419,000 after acquiring an additional 2,203 shares during the last quarter. Liberty Wealth Management LLC boosted its position in Automatic Data Processing by 49.6% during the fourth quarter. Liberty Wealth Management LLC now owns 4,684 shares of the business services provider’s stock valued at $1,371,000 after acquiring an additional 1,553 shares during the last quarter. Truvestments Capital LLC raised its holdings in shares of Automatic Data Processing by 4.4% during the fourth quarter. Truvestments Capital LLC now owns 12,410 shares of the business services provider’s stock valued at $3,633,000 after purchasing an additional 521 shares during the period. Austin Wealth Management LLC raised its holdings in shares of Automatic Data Processing by 5.0% during the fourth quarter. Austin Wealth Management LLC now owns 1,204 shares of the business services provider’s stock valued at $357,000 after purchasing an additional 57 shares during the period. Finally, Hopwood Financial Services Inc. acquired a new position in shares of Automatic Data Processing during the fourth quarter valued at about $181,000. Institutional investors own 80.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays upped their price objective on shares of Automatic Data Processing from $325.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. StockNews.com lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Jefferies Financial Group upped their price objective on shares of Automatic Data Processing from $290.00 to $305.00 and gave the company a “hold” rating in a report on Thursday, January 30th. Royal Bank of Canada reiterated a “sector perform” rating and set a $315.00 price objective on shares of Automatic Data Processing in a report 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 stock a “neutral” rating in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and a consensus price target of $296.18.

Insider Activity

In related news, VP Jonathan S. Lehberger sold 2,324 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $303.30, for a total value of $704,869.20. Following the completion of the transaction, the vice president now directly owns 3,063 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, VP Christopher D’ambrosio sold 473 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $306.20, for a total transaction of $144,832.60. Following the completion of the transaction, the vice president now directly owns 7,244 shares of the company’s stock, valued at approximately $2,218,112.80. This trade represents a 6.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,951 shares of company stock valued at $1,762,074 in the last three months. Company insiders own 0.21% of the company’s stock.

Automatic Data Processing Stock Up 0.6 %

Automatic Data Processing stock opened at $294.18 on Thursday. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $322.84. The firm has a 50 day moving average price of $302.30 and a 200-day moving average price of $294.33. The company has a market capitalization of $119.87 billion, a P/E ratio of 30.68, a P/E/G ratio of 3.62 and a beta of 0.76. 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 (NASDAQ:ADP) last released its earnings results on Wednesday, January 29th. The business services provider reported $2.35 earnings per share for the quarter, beating 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%. As a group, equities analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th 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 2.09%. The ex-dividend date is Friday, March 14th. Automatic Data Processing’s dividend payout ratio is currently 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.