Automatic Data Processing, Inc. (NASDAQ:ADP) Stock Holdings Increased by Lindbrook Capital LLC

Lindbrook Capital LLC boosted its position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 80.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,241 shares of the business services provider's stock after acquiring an additional 1,887 shares during the quarter. Lindbrook Capital LLC's holdings in Automatic Data Processing were worth $1,174,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Automatic Data Processing in the second quarter worth $27,000. Hexagon Capital Partners LLC increased its holdings in Automatic Data Processing by 78.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 116 shares of the business services provider's stock valued at $32,000 after purchasing an additional 51 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Automatic Data Processing in the third quarter valued at about $35,000. Crewe Advisors LLC acquired a new position in shares of Automatic Data Processing during the first quarter worth about $33,000. Finally, Pathway Financial Advisers LLC purchased a new stake in shares of Automatic Data Processing in the first quarter worth about $36,000. Hedge funds and other institutional investors own 80.03% of the company's stock.

Insider Buying and Selling at Automatic Data Processing

In related news, VP Sreenivasa Kutam sold 38,975 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $300.00, for a total transaction of $11,692,500.00. Following the sale, the vice president now owns 32,604 shares in the company, valued at $9,781,200. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Maria Black sold 19,147 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $274.38, for a total transaction of $5,253,553.86. Following the completion of the transaction, the chief executive officer now owns 92,807 shares of the company's stock, valued at approximately $25,464,384.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Sreenivasa Kutam sold 38,975 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $300.00, for a total transaction of $11,692,500.00. Following the completion of the sale, the vice president now directly owns 32,604 shares in the company, valued at approximately $9,781,200. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,792 shares of company stock worth $27,691,708 over the last 90 days. Insiders own 0.21% of the company's stock.

Automatic Data Processing Stock Down 0.0 %

Shares of Automatic Data Processing stock traded down $0.12 during trading on Friday, reaching $304.73. The company had a trading volume of 1,552,646 shares, compared to its average volume of 1,607,719. The company has a market cap of $124.17 billion, a price-to-earnings ratio of 32.52, a price-to-earnings-growth ratio of 3.55 and a beta of 0.79. Automatic Data Processing, Inc. has a fifty-two week low of $225.38 and a fifty-two week high of $306.92. The firm's fifty day moving average is $284.12 and its 200-day moving average is $261.93. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.01.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.12. The firm had revenue of $4.83 billion for the quarter, compared to analysts' expectations of $4.77 billion. Automatic Data Processing had a return on equity of 82.36% and a net margin of 19.72%. Automatic Data Processing's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.08 earnings per share. On average, analysts anticipate that Automatic Data Processing, Inc. will post 9.94 EPS for the current year.

Automatic Data Processing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th will be issued a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Friday, December 13th. This is an increase from Automatic Data Processing's previous quarterly dividend of $1.40. Automatic Data Processing's payout ratio is currently 59.77%.

Analysts Set New Price Targets

Several equities research analysts recently commented on ADP shares. Stifel Nicolaus raised their target price on Automatic Data Processing from $271.00 to $287.00 and gave the company a "hold" rating in a report on Thursday, August 1st. Mizuho lifted their price objective on shares of Automatic Data Processing from $281.00 to $310.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. StockNews.com downgraded shares of Automatic Data Processing from a "buy" rating to a "hold" rating in a research note on Thursday, September 19th. TD Cowen lifted their price target on shares of Automatic Data Processing from $276.00 to $285.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Automatic Data Processing from $250.00 to $285.00 and gave the company an "underweight" rating in a research report on Tuesday, August 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $289.91.

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.