Claris Advisors LLC MO Has $305,000 Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

Claris Advisors LLC MO increased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 11,488.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,043 shares of the business services provider's stock after purchasing an additional 1,034 shares during the period. Claris Advisors LLC MO's holdings in Automatic Data Processing were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ADP. Littlejohn Financial Services Inc. acquired a new position in shares of Automatic Data Processing during the fourth quarter worth $708,000. Nomura Asset Management Co. Ltd. lifted its holdings in Automatic Data Processing by 5.8% in 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 buying an additional 15,340 shares in the last quarter. RIA Advisory Group LLC acquired a new position in Automatic Data Processing in the 3rd quarter worth $470,000. DRW Securities LLC purchased a new position in Automatic Data Processing in the 3rd quarter valued at about $951,000. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of Automatic Data Processing by 51.1% during the third quarter. Harvest Fund Management Co. Ltd now owns 18,925 shares of the business services provider's stock valued at $5,236,000 after acquiring an additional 6,399 shares in the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. UBS Group boosted their price target on Automatic Data Processing from $318.00 to $324.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 4th. StockNews.com lowered Automatic Data Processing from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Barclays raised their price target on shares of Automatic Data Processing from $325.00 to $350.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Jefferies Financial Group upped their price target on shares of Automatic Data Processing from $290.00 to $305.00 and gave the company a "hold" rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $296.18.

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Insider Transactions at Automatic Data Processing

In other news, VP Brian L. Michaud sold 362 shares of Automatic Data Processing stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $293.83, for a total transaction of $106,366.46. Following the transaction, the vice president now owns 13,706 shares in the company, valued at approximately $4,027,233.98. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Christopher D'ambrosio sold 473 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $306.20, for a total value of $144,832.60. Following the transaction, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 5,951 shares of company stock worth $1,762,074. Insiders own 0.21% of the company's stock.

Automatic Data Processing Stock Performance

Shares of NASDAQ ADP traded down $3.63 during midday trading on Thursday, hitting $290.55. The company's stock had a trading volume of 2,061,672 shares, compared to its average volume of 1,505,803. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.00 and a current ratio of 1.00. Automatic Data Processing, Inc. has a 1-year low of $231.27 and a 1-year high of $322.84. The firm's fifty day moving average price is $302.32 and its 200-day moving average price is $294.30. The firm has a market cap of $118.39 billion, a P/E ratio of 30.30, a P/E/G ratio of 3.62 and a beta of 0.76.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its earnings results on Wednesday, January 29th. The business services provider reported $2.35 EPS for the quarter, beating 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%. On average, sell-side analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given 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 is presently 64.23%.

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.