GKV Capital Management Co. Inc. Takes $293,000 Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

GKV Capital Management Co. Inc. bought a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,000 shares of the business services provider's stock, valued at approximately $293,000.

A number of other hedge funds have also modified their holdings of ADP. Cyrus J. Lawrence LLC lifted its stake in shares of 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 buying an additional 67 shares during the last quarter. Sugar Maple Asset Management LLC bought a new position in Automatic Data Processing in the 4th quarter worth $37,000. Wingate Wealth Advisors Inc. acquired a new position in Automatic Data Processing during the 4th quarter worth $37,000. HHM Wealth Advisors LLC bought a new stake in Automatic Data Processing during the fourth quarter valued at about $41,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of Automatic Data Processing in the fourth quarter valued at about $42,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Christopher D'ambrosio sold 473 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $306.20, for a total transaction of $144,832.60. Following the sale, the vice president now directly owns 7,244 shares of the company's stock, valued at $2,218,112.80. The trade was a 6.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Jonathan S. Lehberger sold 2,324 shares of Automatic Data Processing stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $303.30, for a total value of $704,869.20. Following the completion of the sale, the vice president now directly owns 3,063 shares in the company, valued at approximately $929,007.90. This represents a 43.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,775 shares of company stock worth $1,447,893. Insiders own 0.21% of the company's stock.

Analyst Ratings Changes

ADP has been the subject of several research analyst reports. Barclays upped their target price 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 research note on Tuesday, March 4th. Royal Bank of Canada restated a "sector perform" rating and set a $315.00 price target on shares of Automatic Data Processing in a research note on Thursday, January 30th. Jefferies Financial Group raised their price objective on Automatic Data Processing from $290.00 to $305.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. Finally, StockNews.com cut Automatic Data Processing from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $302.30.

Automatic Data Processing Price Performance

Automatic Data Processing stock traded up $9.60 on Tuesday, reaching $294.45. The company's stock had a trading volume of 611,724 shares, compared to its average volume of 1,887,324. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $322.84. The company has a market cap of $119.97 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 3.62 and a beta of 0.74. 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 business's fifty day moving average price is $300.84 and its 200 day moving average price is $298.30.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.35 EPS for the quarter, topping 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%. Equities analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Friday, June 13th. Automatic Data Processing's dividend payout ratio is presently 64.23%.

About Automatic Data Processing

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.