Automatic Data Processing, Inc. (NASDAQ:ADP) is Mcdaniel Terry & Co.'s 4th Largest Position

Mcdaniel Terry & Co. lifted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 195,076 shares of the business services provider's stock after buying an additional 10,158 shares during the quarter. Automatic Data Processing makes up about 4.7% of Mcdaniel Terry & Co.'s portfolio, making the stock its 4th biggest position. Mcdaniel Terry & Co.'s holdings in Automatic Data Processing were worth $57,105,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Moloney Securities Asset Management LLC purchased a new stake in shares of Automatic Data Processing in the third quarter worth approximately $209,000. Littlejohn Financial Services Inc. purchased a new position in Automatic Data Processing during the 4th quarter worth $708,000. Nomura Asset Management Co. Ltd. increased its holdings in Automatic Data Processing by 5.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 280,961 shares of the business services provider's stock worth $77,750,000 after purchasing an additional 15,340 shares during the period. RIA Advisory Group LLC purchased a new position in Automatic Data Processing during the 3rd quarter worth $470,000. Finally, Dash Acquisitions Inc. increased its holdings in Automatic Data Processing by 5.6% during the 3rd quarter. Dash Acquisitions Inc. now owns 52,329 shares of the business services provider's stock worth $15,069,000 after purchasing an additional 2,781 shares during the period. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ADP has been the topic of several research reports. TD Cowen raised their price objective on Automatic Data Processing from $276.00 to $285.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Royal Bank of Canada restated a "sector perform" rating and set a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, January 30th. Barclays raised 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 raised their price objective on Automatic Data Processing from $290.00 to $305.00 and gave the stock a "hold" rating in a report on Thursday, January 30th. Finally, Mizuho lifted their price target on Automatic Data Processing from $281.00 to $310.00 and gave the company an "outperform" rating in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Automatic Data Processing has an average rating of "Hold" and an average price target of $293.55.

Automatic Data Processing Stock Down 0.4 %

Shares of Automatic Data Processing stock traded down $1.21 during trading on Friday, reaching $310.76. The company's stock had a trading volume of 1,600,341 shares, compared to its average volume of 1,606,313. 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 company has a market cap of $126.62 billion, a price-to-earnings ratio of 32.40, a P/E/G ratio of 3.65 and a beta of 0.79. Automatic Data Processing, Inc. has a 1-year low of $231.27 and a 1-year high of $313.72. The company has a 50-day simple moving average of $298.44 and a two-hundred day simple moving average of $289.74.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.35 earnings per share for the quarter, topping analysts' consensus estimates 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, equities analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $1.54 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 1.98%. Automatic Data Processing's payout ratio is 64.23%.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Jonathan S. Lehberger sold 2,324 shares of Automatic Data Processing stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $303.30, for a total transaction of $704,869.20. Following the completion of the sale, the vice president now owns 3,063 shares of the company's stock, valued at approximately $929,007.90. The trade was a 43.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Brian L. Michaud sold 362 shares of Automatic Data Processing stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $293.83, for a total value of $106,366.46. Following the sale, the vice president now directly owns 13,706 shares of the company's stock, valued at approximately $4,027,233.98. This represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,478 shares of company stock valued at $1,617,241. 0.21% of the stock is owned by company insiders.

About Automatic Data Processing

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.