Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Acquired by Norinchukin Bank The

Norinchukin Bank The lifted its position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 14.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,150 shares of the business services provider's stock after acquiring an additional 3,198 shares during the quarter. Norinchukin Bank The's holdings in Automatic Data Processing were worth $7,362,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ADP. Virtu Financial LLC boosted its holdings in Automatic Data Processing by 202.7% during the 3rd quarter. Virtu Financial LLC now owns 4,870 shares of the business services provider's stock valued at $1,348,000 after acquiring an additional 3,261 shares during the period. Tudor Financial Inc. bought a new stake in shares of Automatic Data Processing during the third quarter worth $310,000. Anchor Investment Management LLC boosted its stake in shares of Automatic Data Processing by 7.0% during the third quarter. Anchor Investment Management LLC now owns 15,384 shares of the business services provider's stock valued at $4,257,000 after purchasing an additional 1,001 shares during the period. Pine Valley Investments Ltd Liability Co grew its holdings in shares of Automatic Data Processing by 3.5% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 9,935 shares of the business services provider's stock worth $2,753,000 after purchasing an additional 337 shares during the last quarter. Finally, World Investment Advisors LLC increased its stake in Automatic Data Processing by 22.6% in the 3rd quarter. World Investment Advisors LLC now owns 7,466 shares of the business services provider's stock worth $2,066,000 after buying an additional 1,378 shares during the period. 80.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Automatic Data Processing

In other news, VP Brian L. Michaud sold 1,500 shares of the company's stock in a transaction 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 sale, the vice president now directly owns 12,073 shares of the company's stock, valued at $3,686,852.74. This represents a 11.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher D'ambrosio sold 473 shares of the company's stock in a transaction 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 directly owns 7,244 shares in the company, valued at approximately $2,218,112.80. The trade was a 6.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,775 shares of company stock valued at $1,447,893 in the last ninety days. Company insiders own 0.21% of the company's stock.

Automatic Data Processing Stock Up 0.0 %

Automatic Data Processing stock traded up $0.09 during midday trading on Thursday, reaching $293.63. The company's stock had a trading volume of 522,946 shares, compared to its average volume of 1,677,444. 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 stock has a market capitalization of $119.64 billion, a P/E ratio of 30.60, a PEG ratio of 3.62 and a beta of 0.74. The stock's 50-day simple moving average is $300.21 and its 200-day simple moving average is $298.23. Automatic Data Processing, Inc. has a 52-week low of $231.27 and a 52-week high of $322.84.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released its earnings results 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%. On average, sell-side 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. Stockholders 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 dividend yield of 2.10%. The ex-dividend date is Friday, June 13th. Automatic Data Processing's dividend payout ratio (DPR) is presently 64.23%.

Analyst Ratings Changes

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