Americana Partners LLC Raises Stake in Automatic Data Processing, Inc. (NASDAQ:ADP)

Americana Partners LLC boosted its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,314 shares of the business services provider’s stock after acquiring an additional 79 shares during the period. Americana Partners LLC’s holdings in Automatic Data Processing were worth $5,898,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ADP. Kiely Wealth Advisory Group Inc. purchased a new position in shares of Automatic Data Processing in the 2nd quarter valued at approximately $27,000. Keener Financial Planning LLC increased its stake in shares of Automatic Data Processing by 230.3% during the first quarter. Keener Financial Planning LLC now owns 109 shares of the business services provider’s stock worth $28,000 after acquiring an additional 76 shares during the period. Hexagon Capital Partners LLC raised its holdings in Automatic Data Processing by 78.5% during the third quarter. Hexagon Capital Partners LLC now owns 116 shares of the business services provider’s stock worth $32,000 after purchasing an additional 51 shares in the last quarter. Crewe Advisors LLC acquired a new stake in Automatic Data Processing in the first quarter valued at about $33,000. Finally, Pathway Financial Advisers LLC purchased a new stake in Automatic Data Processing in the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Activity

In other news, VP David Kwon sold 846 shares of Automatic Data Processing stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $270.60, for a total value of $228,927.60. Following the completion of the transaction, the vice president now owns 10,410 shares in the company, valued at approximately $2,816,946. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP David Kwon sold 846 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $270.60, for a total transaction of $228,927.60. Following the completion of the transaction, the vice president now directly owns 10,410 shares of the company’s stock, valued at approximately $2,816,946. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael A. Bonarti sold 26,442 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $270.96, for a total value of $7,164,724.32. Following the completion of the sale, the vice president now directly owns 88,426 shares in the company, valued at $23,959,908.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,817 shares of company stock worth $15,999,208. 0.21% of the stock is currently owned by corporate insiders.

Automatic Data Processing Trading Down 0.1 %

Shares of NASDAQ ADP traded down $0.38 on Friday, reaching $288.86. 309,615 shares of the company traded hands, compared to its average volume of 1,629,234. The stock has a market capitalization of $117.80 billion, a PE ratio of 30.79, a P/E/G ratio of 3.21 and a beta of 0.79. Automatic Data Processing, Inc. has a fifty-two week low of $211.52 and a fifty-two week high of $294.18. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average of $281.20 and a 200 day moving average of $259.59.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, October 30th. The business services provider reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.13. Automatic Data Processing had a return on equity of 82.36% and a net margin of 19.72%. The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.77 billion. During the same period last year, the company posted $2.08 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities research analysts forecast that Automatic Data Processing, Inc. will post 9.98 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Friday, September 13th. Automatic Data Processing’s payout ratio is 59.77%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ADP shares. Royal Bank of Canada increased their target price on Automatic Data Processing from $267.00 to $315.00 and gave the stock a “sector perform” rating in a research note on Thursday. Stifel Nicolaus upped their price target on shares of Automatic Data Processing from $271.00 to $287.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. StockNews.com cut shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. Citigroup upped their target price on shares of Automatic Data Processing from $260.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Finally, Barclays upped their price target on Automatic Data Processing from $282.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $282.00.

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.