Mizuho Securities USA LLC Has $11.31 Million Stake in Automatic Data Processing, Inc. (NASDAQ:ADP)

Mizuho Securities USA LLC grew its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 46.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,618 shares of the business services provider's stock after buying an additional 12,175 shares during the period. Mizuho Securities USA LLC's holdings in Automatic Data Processing were worth $11,305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ADP. Itau Unibanco Holding S.A. acquired a new position in shares of Automatic Data Processing in the 3rd quarter valued at about $26,000. Dunhill Financial LLC lifted its position in Automatic Data Processing by 346.5% during the third quarter. Dunhill Financial LLC now owns 106 shares of the business services provider's stock valued at $29,000 after buying an additional 149 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of Automatic Data Processing in the fourth quarter worth $37,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Automatic Data Processing in the 4th quarter valued at $37,000. Finally, HHM Wealth Advisors LLC acquired a new position in shares of Automatic Data Processing during the 4th quarter valued at $41,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Automatic Data Processing

In related news, VP Christopher D'ambrosio sold 473 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $306.20, for a total value of $144,832.60. Following the sale, the vice president now 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Maria Black sold 721 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $291.59, for a total transaction of $210,236.39. Following the sale, the chief executive officer now owns 68,856 shares of the company's stock, valued at $20,077,721.04. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,951 shares of company stock worth $1,762,074 over the last three months. Corporate insiders own 0.21% of the company's stock.

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Wall Street Analysts Forecast Growth

ADP has been the subject of several recent research reports. Jefferies Financial Group increased their price target on Automatic Data Processing from $290.00 to $305.00 and gave the company a "hold" rating in a report on Thursday, January 30th. UBS Group boosted their target price on shares of Automatic Data Processing from $318.00 to $324.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 4th. StockNews.com lowered shares of Automatic Data Processing from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, January 30th. Finally, Barclays raised their target price on Automatic Data Processing from $325.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $296.18.

Automatic Data Processing Stock Performance

Shares of NASDAQ ADP traded up $3.03 during mid-day trading on Wednesday, hitting $302.41. The company had a trading volume of 1,851,076 shares, compared to its average volume of 1,464,163. 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 firm's 50 day simple moving average is $303.41 and its two-hundred day simple moving average is $295.91. The stock has a market cap of $123.22 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 3.62 and a beta of 0.76. Automatic Data Processing, Inc. has a 12 month low of $231.27 and a 12 month high of $322.84.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its 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%. As a group, equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $1.54 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.16 annualized dividend and a dividend yield of 2.04%. Automatic Data Processing's dividend payout ratio is 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.