Actinver Wealth Management Inc. bought a new position in shares of Automatic Data Processing (NASDAQ:ADP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,417 shares of the business services provider’s stock, valued at approximately $453,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Lunia Capital LP grew its position in Automatic Data Processing by 14,251.9% in the fourth quarter. Lunia Capital LP now owns 18,367,683 shares of the business services provider’s stock valued at $18,368,000 after acquiring an additional 18,239,702 shares in the last quarter. Fiera Capital Corp boosted its stake in shares of Automatic Data Processing by 77.3% during the 4th quarter. Fiera Capital Corp now owns 5,287 shares of the business services provider’s stock valued at $693,000 after buying an additional 2,305 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Automatic Data Processing by 7.3% during the 4th quarter. Stifel Financial Corp now owns 664,894 shares of the business services provider’s stock valued at $87,052,000 after buying an additional 45,318 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Automatic Data Processing by 0.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 330,189 shares of the business services provider’s stock valued at $43,385,000 after buying an additional 1,376 shares during the last quarter. Finally, Doyle Wealth Management purchased a new position in shares of Automatic Data Processing during the 4th quarter valued at approximately $148,000. 80.48% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently commented on ADP. BidaskClub cut Automatic Data Processing from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 5th. Zacks Investment Research cut Automatic Data Processing from a “buy” rating to a “sell” rating in a research note on Wednesday, January 2nd. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $153.43.
Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, January 30th. The business services provider reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.16. The firm had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.43 billion. Automatic Data Processing had a return on equity of 51.92% and a net margin of 13.12%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the business posted $1.03 earnings per share. As a group, research analysts anticipate that Automatic Data Processing will post 5.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, June 13th. Automatic Data Processing’s payout ratio is 72.64%.
In other Automatic Data Processing news, CEO Carlos A. Rodriguez sold 36,364 shares of the firm’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $149.05, for a total value of $5,420,054.20. Following the sale, the chief executive officer now directly owns 148,842 shares in the company, valued at $22,184,900.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stuart Sackman sold 1,478 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $155.13, for a total value of $229,282.14. Following the completion of the sale, the vice president now owns 24,122 shares in the company, valued at $3,742,045.86. The disclosure for this sale can be found here. Insiders sold 86,721 shares of company stock worth $12,714,980 over the last quarter. 0.33% of the stock is currently owned by company insiders.
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Automatic Data Processing Company Profile
Automatic Data Processing, Inc provides business process outsourcing services worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) outsourcing and technology-based human capital management solutions.
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