Natixis Advisors LLC Has $87.29 Million Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Natixis Advisors LLC raised its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,206 shares of the business services provider's stock after acquiring an additional 15,567 shares during the period. Natixis Advisors LLC owned approximately 0.07% of Automatic Data Processing worth $87,294,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. increased its stake in shares of Automatic Data Processing by 6.5% during the third quarter. Assetmark Inc. now owns 3,437 shares of the business services provider's stock valued at $951,000 after acquiring an additional 211 shares during the period. Harbour Investments Inc. increased its position in shares of Automatic Data Processing by 2.1% during the 3rd quarter. Harbour Investments Inc. now owns 1,742 shares of the business services provider's stock valued at $482,000 after purchasing an additional 36 shares during the period. Zions Bancorporation N.A. raised its stake in shares of Automatic Data Processing by 2.9% in the 3rd quarter. Zions Bancorporation N.A. now owns 1,996 shares of the business services provider's stock worth $552,000 after buying an additional 57 shares in the last quarter. Curi RMB Capital LLC lifted its holdings in shares of Automatic Data Processing by 9.8% in the third quarter. Curi RMB Capital LLC now owns 7,669 shares of the business services provider's stock valued at $2,122,000 after buying an additional 684 shares during the period. Finally, Balboa Wealth Partners bought a new position in Automatic Data Processing during the third quarter valued at about $232,000. Institutional investors and hedge funds own 80.03% of the company's stock.

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Insider Buying and Selling

In related news, VP Brian L. Michaud sold 362 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $293.83, for a total value of $106,366.46. Following the transaction, the vice president now owns 13,706 shares in the company, valued at approximately $4,027,233.98. This represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Christopher D'ambrosio sold 473 shares of Automatic Data Processing stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $306.20, for a total transaction of $144,832.60. Following the completion of the sale, the vice president now owns 7,244 shares of the company's stock, valued at $2,218,112.80. This trade represents a 6.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,951 shares of company stock worth $1,762,074. Corporate insiders own 0.21% of the company's stock.

Automatic Data Processing Stock Down 0.4 %

Automatic Data Processing stock traded down $1.28 during mid-day trading on Thursday, hitting $297.51. The company's stock had a trading volume of 1,602,348 shares, compared to its average volume of 1,455,600. 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 52-week low of $231.27 and a 52-week high of $322.84. The firm's 50 day moving average is $302.80 and its 200 day moving average is $295.07. The company has a market cap of $121.22 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 3.62 and a beta of 0.76.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its quarterly 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 net margin of 19.76% and a return on equity of 80.86%. On average, analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, March 14th. Automatic Data Processing's dividend payout ratio (DPR) is presently 64.23%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com cut shares of Automatic Data Processing from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Jefferies Financial Group increased their target price on shares of Automatic Data Processing from $290.00 to $305.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. Royal Bank of Canada restated a "sector perform" rating and issued a $315.00 price target on shares of Automatic Data Processing in a research report on Thursday, January 30th. UBS Group increased their price objective on Automatic Data Processing from $318.00 to $324.00 and gave the company a "neutral" rating in a research report on Tuesday, March 4th. Finally, Barclays lifted their target price on Automatic Data Processing from $325.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $296.18.

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.