Unigestion Holding SA Trims Stock Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Unigestion Holding SA lessened its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,868 shares of the business services provider's stock after selling 6,222 shares during the quarter. Automatic Data Processing comprises 2.7% of Unigestion Holding SA's investment portfolio, making the stock its 6th biggest holding. Unigestion Holding SA's holdings in Automatic Data Processing were worth $46,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Worldquant Millennium Advisors LLC raised its holdings in Automatic Data Processing by 110.9% during the third quarter. Worldquant Millennium Advisors LLC now owns 108,492 shares of the business services provider's stock worth $30,023,000 after buying an additional 57,054 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its stake in Automatic Data Processing by 33.9% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 36,558 shares of the business services provider's stock valued at $10,117,000 after acquiring an additional 9,248 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in Automatic Data Processing by 3.7% during the 3rd quarter. EP Wealth Advisors LLC now owns 20,134 shares of the business services provider's stock worth $5,572,000 after acquiring an additional 726 shares during the last quarter. Zacks Investment Management bought a new stake in shares of Automatic Data Processing in the 3rd quarter worth $40,837,000. Finally, XTX Topco Ltd raised its holdings in shares of Automatic Data Processing by 24.5% in the third quarter. XTX Topco Ltd now owns 5,383 shares of the business services provider's stock valued at $1,490,000 after purchasing an additional 1,058 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

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Automatic Data Processing Stock Performance

Automatic Data Processing stock traded up $6.94 during midday trading on Friday, reaching $299.15. The stock had a trading volume of 758,099 shares, compared to its average volume of 1,663,296. 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 firm has a market capitalization of $121.89 billion, a PE ratio of 31.14, a P/E/G ratio of 3.62 and a beta of 0.74. Automatic Data Processing, Inc. has a 12 month low of $231.27 and a 12 month high of $322.84. The firm's 50-day moving average price is $302.49 and its 200 day moving average price is $297.39.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its quarterly 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 net margin of 19.76% and a return on equity of 80.86%. As a group, 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 declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a $1.54 dividend. This represents a $6.16 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, June 13th. Automatic Data Processing's dividend payout ratio (DPR) is presently 64.23%.

Insider Activity at Automatic Data Processing

In related news, VP Jonathan S. Lehberger sold 2,324 shares of Automatic Data Processing stock in a transaction on 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. 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 is accessible through the SEC website. Also, VP David Foskett sold 1,067 shares of the company's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $286.15, for a total value of $305,322.05. Following the completion of the transaction, the vice president now owns 6,140 shares in the company, valued at $1,756,961. This represents a 14.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,364 shares of company stock worth $1,613,094. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ADP shares. Barclays upped their price objective 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. UBS Group increased their price target on 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 reissued a "sector perform" rating and issued a $315.00 price objective on shares of Automatic Data Processing in a research report on Thursday, January 30th. Jefferies Financial Group raised their target price on Automatic Data Processing from $290.00 to $305.00 and gave the company a "hold" rating in a research report on Thursday, January 30th. Finally, StockNews.com downgraded shares of Automatic Data Processing from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $302.30.

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.