F M Investments LLC Increases Stock Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

F M Investments LLC increased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,907 shares of the business services provider's stock after acquiring an additional 1,439 shares during the quarter. F M Investments LLC's holdings in Automatic Data Processing were worth $5,535,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ADP. Cyrus J. Lawrence LLC grew its holdings in Automatic Data Processing by 121.8% in the fourth quarter. Cyrus J. Lawrence LLC now owns 122 shares of the business services provider's stock worth $35,000 after purchasing an additional 67 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in Automatic Data Processing during the 4th quarter worth $37,000. Wingate Wealth Advisors Inc. acquired a new position in Automatic Data Processing during the 4th quarter valued at about $37,000. HHM Wealth Advisors LLC purchased a new stake in Automatic Data Processing in the fourth quarter valued at about $41,000. Finally, Kieckhefer Group LLC purchased a new stake in Automatic Data Processing in the fourth quarter valued at about $42,000. Institutional investors own 80.03% of the company's stock.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Jonathan S. Lehberger sold 2,324 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $303.30, for a total value of $704,869.20. Following the sale, the vice president now directly owns 3,063 shares in the company, valued at $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 available at this hyperlink. Also, VP Brian L. Michaud sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $305.38, for a total value of $458,070.00. Following the sale, the vice president now owns 12,073 shares of the company's stock, valued at approximately $3,686,852.74. The trade was a 11.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,775 shares of company stock valued at $1,447,893. 0.21% of the stock is currently owned by company insiders.

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Automatic Data Processing Trading Down 0.7 %

Shares of ADP traded down $2.26 during trading on Tuesday, reaching $299.30. 597,229 shares of the company traded hands, compared to its average volume of 1,669,244. The stock has a 50-day simple moving average of $302.25 and a 200-day simple moving average of $297.93. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.59. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $322.84. The stock has a market cap of $121.95 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 3.62 and a beta of 0.74.

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

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $1.54 dividend. The ex-dividend date is Friday, June 13th. This represents a $6.16 annualized dividend and a yield of 2.06%. Automatic Data Processing's dividend payout ratio is presently 64.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ADP shares. Jefferies Financial Group boosted their price target on 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 reaffirmed a "sector perform" rating and issued a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, January 30th. StockNews.com lowered Automatic Data Processing from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. UBS Group upped their target price 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. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average 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.