O Brien Greene & Co. Inc Has $4.64 Million Stock Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

O Brien Greene & Co. Inc cut its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,840 shares of the business services provider's stock after selling 980 shares during the period. Automatic Data Processing makes up 1.5% of O Brien Greene & Co. Inc's holdings, making the stock its 28th largest position. O Brien Greene & Co. Inc's holdings in Automatic Data Processing were worth $4,637,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Moloney Securities Asset Management LLC acquired a new stake in shares of Automatic Data Processing in the third quarter valued at approximately $209,000. Littlejohn Financial Services Inc. bought a new position in Automatic Data Processing in the fourth quarter valued at $708,000. Nomura Asset Management Co. Ltd. increased its stake in Automatic Data Processing by 5.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 280,961 shares of the business services provider's stock valued at $77,750,000 after buying an additional 15,340 shares during the last quarter. RIA Advisory Group LLC bought a new stake in Automatic Data Processing during the 3rd quarter worth about $470,000. Finally, Dash Acquisitions Inc. boosted its stake in shares of Automatic Data Processing by 5.6% during the 3rd quarter. Dash Acquisitions Inc. now owns 52,329 shares of the business services provider's stock worth $15,069,000 after buying an additional 2,781 shares during the last quarter. Institutional investors own 80.03% of the company's stock.

Insider Buying and Selling

In related news, CEO Maria Black sold 721 shares of the company's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $291.59, for a total value of $210,236.39. Following the transaction, the chief executive officer now directly owns 68,856 shares in the company, valued at approximately $20,077,721.04. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David Foskett sold 1,004 shares of Automatic Data Processing stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $289.29, for a total transaction of $290,447.16. Following the completion of the sale, the vice president now owns 5,958 shares of the company's stock, valued at $1,723,589.82. This trade represents a 14.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,478 shares of company stock valued at $1,617,241. Insiders own 0.21% of the company's stock.

Automatic Data Processing Stock Performance

ADP stock traded down $1.21 during midday trading on Friday, reaching $310.76. 1,600,341 shares of the company were exchanged, compared to its average volume of 1,606,313. The firm has a market capitalization of $126.62 billion, a price-to-earnings ratio of 32.40, a price-to-earnings-growth ratio of 3.65 and a beta of 0.79. The business has a 50-day moving average price of $298.44 and a two-hundred day moving average price of $289.74. Automatic Data Processing, Inc. has a one year low of $231.27 and a one year high of $313.72. 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 (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 net margin of 19.76% and a return on equity of 80.86%. Equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $1.54 dividend. This represents a $6.16 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, March 14th. Automatic Data Processing's payout ratio is 64.23%.

Analysts Set New Price Targets

ADP has been the topic of a number of recent research reports. StockNews.com downgraded Automatic Data Processing from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $315.00 price target on shares of Automatic Data Processing in a research report on Thursday, January 30th. Barclays increased their price objective on Automatic Data Processing from $325.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. TD Cowen boosted their target price on shares of Automatic Data Processing from $276.00 to $285.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Finally, Jefferies Financial Group upped their price target on shares of Automatic Data Processing from $290.00 to $305.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $293.55.

Automatic Data Processing 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.