Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Sold by M. Kulyk & Associates LLC

M. Kulyk & Associates LLC reduced its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 54.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 991 shares of the business services provider's stock after selling 1,195 shares during the period. M. Kulyk & Associates LLC's holdings in Automatic Data Processing were worth $290,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Littlejohn Financial Services Inc. acquired a new stake in Automatic Data Processing during the 4th quarter worth $708,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of 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 valued at $77,750,000 after purchasing an additional 15,340 shares during the last quarter. RIA Advisory Group LLC acquired a new stake in shares of Automatic Data Processing in the 3rd quarter valued at about $470,000. DRW Securities LLC purchased a new position in Automatic Data Processing during the 3rd quarter worth approximately $951,000. Finally, Harvest Fund Management Co. Ltd boosted its stake in Automatic Data Processing by 51.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 18,925 shares of the business services provider's stock worth $5,236,000 after purchasing an additional 6,399 shares during the period. 80.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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Automatic Data Processing Trading Down 1.2 %

ADP traded down $3.63 on Thursday, reaching $290.55. 2,061,672 shares of the company's stock were exchanged, compared to its average volume of 1,506,014. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $322.84. The company's 50 day moving average is $302.30 and its 200-day moving average is $294.33. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $118.39 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 3.62 and a beta of 0.76.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its earnings results on Wednesday, January 29th. The business services provider reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.05. Automatic Data Processing had a net margin of 19.76% and a return on equity of 80.86%. Equities analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The company also recently disclosed 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 (DPR) is 64.23%.

Insider Transactions at Automatic Data Processing

In other news, 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 sale, the vice president now owns 3,063 shares of the company's stock, valued at approximately $929,007.90. This trade represents a 43.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $144,832.60. Following the completion of the sale, the vice president now directly owns 7,244 shares in the company, valued at $2,218,112.80. This represents a 6.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,951 shares of company stock valued at $1,762,074. Corporate insiders own 0.21% of the company's stock.

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.