ORG Wealth Partners LLC Sells 1,487 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

ORG Wealth Partners LLC trimmed its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 50.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,459 shares of the business services provider’s stock after selling 1,487 shares during the period. ORG Wealth Partners LLC’s holdings in Automatic Data Processing were worth $427,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. MGO One Seven LLC boosted its stake in shares of Automatic Data Processing by 9.8% in the 2nd quarter. MGO One Seven LLC now owns 6,572 shares of the business services provider’s stock worth $1,569,000 after buying an additional 584 shares during the last quarter. AGF Management Ltd. boosted its position in Automatic Data Processing by 21.9% in the second quarter. AGF Management Ltd. now owns 16,107 shares of the business services provider’s stock worth $3,845,000 after purchasing an additional 2,892 shares during the last quarter. LPL Financial LLC grew its stake in shares of Automatic Data Processing by 5.4% during the 2nd quarter. LPL Financial LLC now owns 554,982 shares of the business services provider’s stock valued at $132,469,000 after purchasing an additional 28,297 shares during the period. Qsemble Capital Management LP increased its position in shares of Automatic Data Processing by 240.2% during the 2nd quarter. Qsemble Capital Management LP now owns 15,479 shares of the business services provider’s stock valued at $3,695,000 after purchasing an additional 10,929 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its stake in shares of Automatic Data Processing by 0.6% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 160,808 shares of the business services provider’s stock worth $38,383,000 after purchasing an additional 936 shares during the period. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

ADP has been the subject of several recent research reports. Royal Bank of Canada boosted their target price on shares of Automatic Data Processing from $267.00 to $315.00 and gave the company a “sector perform” rating in a research report on Thursday, October 31st. Mizuho increased their target price on shares of Automatic Data Processing from $281.00 to $310.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. TD Cowen raised their target price on shares of Automatic Data Processing from $276.00 to $285.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. UBS Group upped their price target on shares of Automatic Data Processing from $270.00 to $295.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group raised their price objective on shares of Automatic Data Processing from $260.00 to $290.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $289.91.

Automatic Data Processing Price Performance

ADP stock traded down $4.01 during mid-day trading on Friday, hitting $287.88. The company had a trading volume of 694,268 shares, compared to its average volume of 1,203,146. The company has a 50-day moving average price of $298.49 and a 200 day moving average price of $277.85. Automatic Data Processing, Inc. has a 12-month low of $231.27 and a 12-month high of $309.63. The company has a market capitalization of $117.30 billion, a price-to-earnings ratio of 30.72, a P/E/G ratio of 3.50 and a beta of 0.79. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.56.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, October 30th. The business services provider reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.12. Automatic Data Processing had a return on equity of 82.36% and a net margin of 19.72%. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.77 billion. During the same period in the previous year, the business earned $2.08 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Friday, December 13th were issued a $1.54 dividend. This is an increase from Automatic Data Processing’s previous quarterly dividend of $1.40. The ex-dividend date was Friday, December 13th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.14%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 65.74%.

Insider Buying and Selling

In related news, VP David Foskett sold 1,004 shares of Automatic Data Processing stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $289.29, for a total transaction of $290,447.16. Following the completion of the transaction, the vice president now directly owns 5,958 shares of the company’s stock, valued at approximately $1,723,589.82. The trade was a 14.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Maria Black sold 721 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $291.59, for a total transaction of $210,236.39. Following the transaction, the chief executive officer now owns 68,856 shares in the company, valued at $20,077,721.04. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,062 shares of company stock worth $12,299,550. Corporate insiders own 0.21% of the company’s stock.

Automatic Data Processing 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.