Jag Capital Management LLC Has $224,000 Stake in Automatic Data Processing, Inc. (NASDAQ:ADP)

Jag Capital Management LLC decreased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 25.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 764 shares of the business services provider’s stock after selling 255 shares during the period. Jag Capital Management LLC’s holdings in Automatic Data Processing were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Creative Financial Designs Inc. ADV lifted its position in Automatic Data Processing by 7.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 589 shares of the business services provider’s stock valued at $163,000 after acquiring an additional 40 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Automatic Data Processing by 4.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,471 shares of the business services provider’s stock valued at $1,007,000 after purchasing an additional 163 shares during the period. Princeton Global Asset Management LLC raised its holdings in shares of Automatic Data Processing by 174.2% in the 3rd quarter. Princeton Global Asset Management LLC now owns 724 shares of the business services provider’s stock valued at $200,000 after purchasing an additional 460 shares during the period. Optas LLC raised its holdings in Automatic Data Processing by 9.5% in the 3rd quarter. Optas LLC now owns 1,077 shares of the business services provider’s stock valued at $298,000 after acquiring an additional 93 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in Automatic Data Processing by 0.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 190,211 shares of the business services provider’s stock valued at $52,637,000 after acquiring an additional 894 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insiders Place Their Bets

In related news, VP David Foskett sold 1,067 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $286.15, for a total value of $305,322.05. Following the transaction, the vice president now owns 6,140 shares in the company, valued at approximately $1,756,961. This represents a 14.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jonathan S. Lehberger sold 2,324 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was 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. The trade was a 43.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,478 shares of company stock worth $1,617,241. 0.21% of the stock is owned by corporate insiders.

Automatic Data Processing Trading Up 1.1 %

Automatic Data Processing stock opened at $318.64 on Tuesday. The stock has a market cap of $129.83 billion, a P/E ratio of 33.23, a PEG ratio of 3.62 and a beta of 0.79. 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, Inc. has a 1 year low of $231.27 and a 1 year high of $320.50. The firm’s 50 day moving average price is $301.15 and its 200-day moving average price is $292.72.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.35 EPS for the quarter, topping the consensus estimate of $2.30 by $0.05. Automatic Data Processing had a net margin of 19.76% and a return on equity of 80.86%. On average, equities analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $1.54 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.16 dividend on an annualized basis and a yield of 1.93%. Automatic Data Processing’s dividend payout ratio is presently 64.23%.

Wall Street Analysts Forecast Growth

ADP has been the topic of several analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $315.00 price target on shares of Automatic Data Processing in a research report on Thursday, January 30th. Barclays lifted 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. Jefferies Financial Group boosted their price target on shares of Automatic Data Processing from $290.00 to $305.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. Mizuho boosted their target price on shares of Automatic Data Processing from $281.00 to $310.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, StockNews.com lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $293.55.

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.