Capital Financial Planning LLC bought a new stake in Automatic Data Processing (NASDAQ:ADP) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,600 shares of the business services provider’s stock, valued at approximately $210,000.
Several other hedge funds have also bought and sold shares of the stock. Cerebellum GP LLC boosted its stake in Automatic Data Processing by 1,376.9% during the fourth quarter. Cerebellum GP LLC now owns 192 shares of the business services provider’s stock worth $25,000 after buying an additional 179 shares during the period. AlphaMark Advisors LLC boosted its stake in Automatic Data Processing by 319.1% during the fourth quarter. AlphaMark Advisors LLC now owns 197 shares of the business services provider’s stock worth $26,000 after buying an additional 150 shares during the period. Tributary Capital Management LLC purchased a new position in Automatic Data Processing during the fourth quarter worth $26,000. Horan Securities Inc. purchased a new position in Automatic Data Processing during the fourth quarter worth $31,000. Finally, Moody National Bank Trust Division bought a new stake in shares of Automatic Data Processing during the fourth quarter worth $37,000. 80.79% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Jan Siegmund sold 36,403 shares of Automatic Data Processing stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $145.02, for a total value of $5,279,163.06. Following the completion of the sale, the insider now directly owns 86,726 shares in the company, valued at $12,577,004.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stuart Sackman sold 1,478 shares of Automatic Data Processing stock in a transaction dated 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 of the company’s stock, valued at $3,742,045.86. The disclosure for this sale can be found here. Insiders sold 121,589 shares of company stock valued at $17,276,746 over the last 90 days. 0.33% of the stock is currently owned by corporate insiders.
ADP stock opened at $153.81 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $67.67 billion, a P/E ratio of 35.36, a PEG ratio of 2.23 and a beta of 0.96. Automatic Data Processing has a 1-year low of $109.14 and a 1-year high of $156.04.
Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, January 30th. The business services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.16. The firm had revenue of $3.51 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. On average, sell-side analysts anticipate that Automatic Data Processing will post 5.37 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 8th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $3.16 annualized dividend and a dividend yield of 2.05%. Automatic Data Processing’s payout ratio is currently 72.64%.
Separately, Zacks Investment Research reiterated a “buy” rating and set a $146.00 target price on shares of Automatic Data Processing in a research report on Monday, December 31st. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $151.87.
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About Automatic Data Processing
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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