Landscape Capital Management L.L.C. Sells 3,944 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Landscape Capital Management L.L.C. cut its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 34.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,407 shares of the business services provider's stock after selling 3,944 shares during the period. Landscape Capital Management L.L.C.'s holdings in Automatic Data Processing were worth $2,168,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wescott Financial Advisory Group LLC raised its holdings in shares of Automatic Data Processing by 5.4% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 1,734 shares of the business services provider's stock worth $508,000 after purchasing an additional 89 shares in the last quarter. World Investment Advisors grew its position in Automatic Data Processing by 16.9% in the fourth quarter. World Investment Advisors now owns 8,730 shares of the business services provider's stock worth $2,555,000 after buying an additional 1,264 shares during the last quarter. Westpac Banking Corp increased its holdings in shares of Automatic Data Processing by 6.9% in the fourth quarter. Westpac Banking Corp now owns 28,014 shares of the business services provider's stock valued at $8,201,000 after buying an additional 1,802 shares in the last quarter. Nicolet Advisory Services LLC lifted its position in shares of Automatic Data Processing by 14.0% during the 4th quarter. Nicolet Advisory Services LLC now owns 1,783 shares of the business services provider's stock valued at $511,000 after acquiring an additional 219 shares during the last quarter. Finally, Disciplined Investors L.L.C. bought a new stake in shares of Automatic Data Processing during the 4th quarter worth $319,000. Institutional investors own 80.03% of the company's stock.

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Automatic Data Processing Stock Down 2.0 %

ADP traded down $5.79 during trading on Thursday, reaching $288.90. 1,179,908 shares of the stock traded hands, compared to its average volume of 1,657,191. The stock's 50-day simple moving average is $302.79 and its two-hundred day simple moving average is $297.29. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.00 and a quick ratio of 1.00. Automatic Data Processing, Inc. has a fifty-two week low of $231.27 and a fifty-two week high of $322.84. The stock has a market cap of $117.72 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 3.62 and a beta of 0.74.

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 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%. As a group, equities research analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, June 13th. Automatic Data Processing's payout ratio is 64.23%.

Insider Buying and Selling

In related news, VP Jonathan S. Lehberger sold 2,324 shares of the business's stock in a transaction dated 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 transaction, the vice president now owns 3,063 shares of the company's stock, valued at approximately $929,007.90. The trade was a 43.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brian L. Michaud sold 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $305.38, for a total value of $458,070.00. Following the completion of the sale, the vice president now directly owns 12,073 shares in the company, valued at $3,686,852.74. This trade represents a 11.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,364 shares of company stock valued at $1,613,094. Company insiders own 0.21% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $315.00 target price on shares of Automatic Data Processing in a report on Thursday, January 30th. Jefferies Financial Group raised their target price on shares of Automatic Data Processing from $290.00 to $305.00 and gave the stock a "hold" rating in a report on Thursday, January 30th. StockNews.com downgraded shares of Automatic Data Processing from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. UBS Group raised their price objective on shares of 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 boosted 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Automatic Data Processing presently has a consensus rating of "Hold" and an average target price 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.