APG Asset Management N.V. Has $84.34 Million Stock Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

APG Asset Management N.V. boosted its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 307.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 298,356 shares of the business services provider's stock after acquiring an additional 225,155 shares during the period. APG Asset Management N.V. owned 0.07% of Automatic Data Processing worth $84,344,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in Automatic Data Processing in the 4th quarter worth $455,993,000. Raymond James Financial Inc. acquired a new stake in Automatic Data Processing during the fourth quarter worth about $342,942,000. Proficio Capital Partners LLC increased its stake in Automatic Data Processing by 41,710.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,090,422 shares of the business services provider's stock valued at $319,199,000 after acquiring an additional 1,087,814 shares during the period. Amundi increased its stake in Automatic Data Processing by 16.8% during the fourth quarter. Amundi now owns 3,120,039 shares of the business services provider's stock valued at $910,972,000 after acquiring an additional 449,431 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich raised its holdings in Automatic Data Processing by 1,029.7% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 420,257 shares of the business services provider's stock valued at $132,429,000 after acquiring an additional 383,057 shares in the last quarter. 80.03% of the stock is currently owned by institutional investors.

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Automatic Data Processing Price Performance

NASDAQ ADP traded up $7.33 during trading hours on Friday, reaching $299.54. 2,187,994 shares of the company's stock were exchanged, compared to its average volume of 1,671,064. The firm has a fifty day moving average of $302.38 and a 200-day moving average of $297.56. Automatic Data Processing, Inc. has a one year low of $231.27 and a one year high of $322.84. The stock has a market cap of $122.05 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 3.62 and a beta of 0.74. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its earnings results 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 return on equity of 80.86% and a net margin of 19.76%. On average, equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Friday, June 13th. Automatic Data Processing's dividend payout ratio is presently 64.23%.

Insiders Place Their Bets

In related news, VP David Foskett sold 1,067 shares of the business's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $286.15, for a total transaction of $305,322.05. Following the completion of the sale, the vice president now directly owns 6,140 shares of the company's stock, valued at $1,756,961. The trade was a 14.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $303.30, for a total transaction of $704,869.20. Following the completion of the transaction, the vice president now directly owns 3,063 shares in the company, valued at approximately $929,007.90. The trade was a 43.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,364 shares of company stock valued at $1,613,094. 0.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barclays boosted their price objective on Automatic Data Processing from $325.00 to $350.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. StockNews.com cut shares of Automatic Data Processing from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. UBS Group lifted their target price on shares of Automatic Data Processing from $318.00 to $324.00 and gave the company a "neutral" rating in a research report on Tuesday, March 4th. Jefferies Financial Group increased their price target on shares of Automatic Data Processing from $290.00 to $305.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $315.00 price target on shares of Automatic Data Processing in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Automatic Data Processing presently has an average rating of "Hold" and a consensus target price of $302.30.

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.