Argentarii LLC Acquires Shares of 1,831 Automatic Data Processing, Inc. (NASDAQ:ADP)

Argentarii LLC acquired a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,831 shares of the business services provider's stock, valued at approximately $536,000.

Other institutional investors have also recently made changes to their positions in the company. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Automatic Data Processing by 5.2% in the third quarter. Kornitzer Capital Management Inc. KS now owns 890 shares of the business services provider's stock worth $246,000 after acquiring an additional 44 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Automatic Data Processing during the third quarter valued at about $35,000. Equitable Trust Co. boosted its position in shares of Automatic Data Processing by 117.3% in the third quarter. Equitable Trust Co. now owns 22,173 shares of the business services provider's stock valued at $6,136,000 after acquiring an additional 11,967 shares during the period. CWA Asset Management Group LLC bought a new position in shares of Automatic Data Processing in the third quarter valued at approximately $1,066,000. Finally, Windward Capital Management Co. CA grew its stake in Automatic Data Processing by 3.3% during the third quarter. Windward Capital Management Co. CA now owns 23,888 shares of the business services provider's stock valued at $6,610,000 after acquiring an additional 773 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company's stock.

Insider Buying and Selling at Automatic Data Processing

In related news, VP Christopher D'ambrosio sold 473 shares of Automatic Data Processing stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $306.20, for a total transaction of $144,832.60. Following the sale, the vice president now directly owns 7,244 shares in the company, valued at $2,218,112.80. The trade was a 6.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Maria Black sold 721 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $291.59, for a total value of $210,236.39. Following the sale, the chief executive officer now owns 68,856 shares of the company's stock, valued at $20,077,721.04. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,951 shares of company stock valued at $1,762,074. 0.21% of the stock is currently owned by company insiders.

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Automatic Data Processing Trading Down 1.2 %

Shares of NASDAQ:ADP traded down $3.63 during midday trading on Thursday, hitting $290.55. 2,061,672 shares of the stock traded hands, compared to its average volume of 1,506,012. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.59. The business's 50 day moving average is $302.30 and its two-hundred day moving average is $294.33. The stock has a market capitalization of $118.39 billion, a PE ratio of 30.30, a P/E/G ratio of 3.62 and a beta of 0.76. Automatic Data Processing, Inc. has a one year low of $231.27 and a one year high of $322.84.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.35 earnings per share 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%. As a group, research analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $1.54 dividend. This represents a $6.16 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Friday, March 14th. Automatic Data Processing's dividend payout ratio (DPR) is currently 64.23%.

Analysts Set New Price Targets

A number of research analysts have recently commented on ADP shares. UBS Group boosted their price target 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. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $315.00 price target on shares of Automatic Data Processing in a report on Thursday, January 30th. Barclays boosted their price objective on Automatic Data Processing from $325.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Jefferies Financial Group upped their price objective 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, StockNews.com lowered shares of Automatic Data Processing from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Automatic Data Processing presently has a consensus rating of "Hold" and a consensus price target of $296.18.

Automatic Data Processing Company 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.