Automatic Data Processing (ADP) Shares Bought by Stephens Inc. AR

Stephens Inc. AR grew its stake in Automatic Data Processing (NASDAQ:ADP) by 1.4% in the first quarter, Holdings Channel reports. The fund owned 82,111 shares of the business services provider’s stock after acquiring an additional 1,149 shares during the period. Stephens Inc. AR’s holdings in Automatic Data Processing were worth $13,116,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ADP. Oregon Public Employees Retirement Fund raised its stake in shares of Automatic Data Processing by 18,918.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,462,482 shares of the business services provider’s stock worth $179,000 after acquiring an additional 23,339,116 shares during the last quarter. Lunia Capital LP raised its stake in shares of 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 worth $18,368,000 after acquiring an additional 18,239,702 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Automatic Data Processing by 213.1% during the third quarter. JPMorgan Chase & Co. now owns 8,639,847 shares of the business services provider’s stock worth $1,301,682,000 after buying an additional 5,880,242 shares during the last quarter. Norges Bank bought a new stake in shares of Automatic Data Processing during the fourth quarter worth approximately $522,489,000. Finally, Ronna Sue Cohen raised its stake in shares of Automatic Data Processing by 15,564.1% during the first quarter. Ronna Sue Cohen now owns 3,468,349 shares of the business services provider’s stock worth $3,468,000 after buying an additional 3,446,207 shares during the last quarter. 81.20% of the stock is owned by institutional investors.

Automatic Data Processing stock opened at $161.72 on Friday. The company has a market capitalization of $70.30 billion, a PE ratio of 37.18, a P/E/G ratio of 2.28 and a beta of 0.95. Automatic Data Processing has a twelve month low of $121.40 and a twelve month high of $165.50. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.38.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.08. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Automatic Data Processing had a net margin of 13.76% and a return on equity of 50.53%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.57 earnings per share. As a group, equities research analysts predict that Automatic Data Processing will post 5.44 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Thursday, June 13th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 72.64%.

In related news, insider Jan Siegmund sold 27,272 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $165.00, for a total transaction of $4,499,880.00. Following the completion of the transaction, the insider now owns 77,595 shares in the company, valued at $12,803,175. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stuart Sackman sold 1,478 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $155.13, for a total transaction of $229,282.14. Following the transaction, the vice president now owns 24,122 shares of the company’s stock, valued at approximately $3,742,045.86. The disclosure for this sale can be found here. Insiders sold 30,456 shares of company stock valued at $5,010,669 in the last quarter. Corporate insiders own 0.33% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Automatic Data Processing from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Citigroup boosted their price target on shares of Automatic Data Processing from $147.00 to $162.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. BidaskClub raised shares of Automatic Data Processing from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 10th. Sanford C. Bernstein downgraded shares of Automatic Data Processing from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 30th. Finally, Barclays boosted their price target on shares of Automatic Data Processing from $168.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $159.00.

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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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Institutional Ownership by Quarter for Automatic Data Processing (NASDAQ:ADP)

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