Flossbach Von Storch SE Sells 12,000 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Flossbach Von Storch SE trimmed its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,692 shares of the business services provider's stock after selling 12,000 shares during the quarter. Flossbach Von Storch SE's holdings in Automatic Data Processing were worth $20,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of ADP. Telos Capital Management Inc. grew its stake in shares of Automatic Data Processing by 3.2% in the 3rd quarter. Telos Capital Management Inc. now owns 1,452 shares of the business services provider's stock worth $402,000 after buying an additional 45 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in Automatic Data Processing by 2.9% in the third quarter. Foundations Investment Advisors LLC now owns 4,529 shares of the business services provider's stock worth $1,253,000 after acquiring an additional 126 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Automatic Data Processing by 11.5% in the third quarter. Sequoia Financial Advisors LLC now owns 8,932 shares of the business services provider's stock worth $2,473,000 after acquiring an additional 922 shares during the last quarter. Waldron Private Wealth LLC increased its holdings in shares of Automatic Data Processing by 3.4% during the third quarter. Waldron Private Wealth LLC now owns 2,792 shares of the business services provider's stock valued at $776,000 after acquiring an additional 93 shares in the last quarter. Finally, Symphony Financial Ltd. Co. raised its position in shares of Automatic Data Processing by 64.5% in the 3rd quarter. Symphony Financial Ltd. Co. now owns 2,130 shares of the business services provider's stock worth $583,000 after purchasing an additional 835 shares during the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. StockNews.com downgraded shares of Automatic Data Processing from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Barclays increased their price target on shares of Automatic Data Processing from $325.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Royal Bank of Canada restated a "sector perform" rating and issued a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, January 30th. TD Cowen increased their target price on Automatic Data Processing from $276.00 to $285.00 and gave the company a "hold" rating in a research note on Friday, November 1st. Finally, Mizuho lifted their target price on Automatic Data Processing from $281.00 to $310.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Two equities research 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, Automatic Data Processing presently has a consensus rating of "Hold" and an average target price of $293.55.

Insiders Place Their Bets

In related news, CEO Maria Black sold 721 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $291.59, for a total value of $210,236.39. Following the completion of the sale, the chief executive officer now directly owns 68,856 shares of the company's stock, valued at approximately $20,077,721.04. This represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jonathan S. Lehberger sold 2,324 shares of the firm's stock in a transaction that occurred 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 sale, the vice president now owns 3,063 shares in the company, valued at approximately $929,007.90. The trade was a 43.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,478 shares of company stock worth $1,617,241. Company insiders own 0.21% of the company's stock.

Automatic Data Processing Stock Performance

Automatic Data Processing stock traded down $1.21 during mid-day trading on Friday, reaching $310.76. 1,600,341 shares of the stock traded hands, compared to its average volume of 1,606,313. Automatic Data Processing, Inc. has a 12-month low of $231.27 and a 12-month high of $313.72. The business's 50-day moving average is $298.44 and its 200-day moving average is $289.74. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $126.62 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 3.65 and a beta of 0.79.

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 earnings per share (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%. As a group, sell-side analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

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

Automatic Data Processing 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.