Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Sold by Polen Capital Management LLC

Polen Capital Management LLC decreased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 9.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 179,749 shares of the business services provider's stock after selling 18,403 shares during the period. Polen Capital Management LLC's holdings in Automatic Data Processing were worth $52,618,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Itau Unibanco Holding S.A. purchased a new stake in Automatic Data Processing in the third quarter valued at approximately $26,000. Dunhill Financial LLC boosted its position in Automatic Data Processing by 346.5% in the 3rd quarter. Dunhill Financial LLC now owns 106 shares of the business services provider's stock worth $29,000 after purchasing an additional 149 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $37,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $37,000. Finally, HHM Wealth Advisors LLC acquired a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 80.03% of the company's stock.

Automatic Data Processing Trading Down 0.4 %

Shares of NASDAQ ADP traded down $1.28 during mid-day trading on Thursday, reaching $297.51. 1,602,359 shares of the company's stock were exchanged, compared to its average volume of 1,455,600. The firm has a market capitalization of $121.22 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 3.62 and a beta of 0.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.00 and a current 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 company's 50-day moving average is $302.80 and its 200-day moving average is $295.07.

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Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.35 earnings per share for the quarter, topping analysts' consensus estimates of $2.30 by $0.05. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. Analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm 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. 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 is presently 64.23%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays upped their target price on Automatic Data Processing from $325.00 to $350.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Jefferies Financial Group increased their price objective 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $315.00 price objective on shares of Automatic Data Processing in a research note 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 note on Tuesday, March 4th. Finally, StockNews.com downgraded Automatic Data Processing from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Automatic Data Processing currently has a consensus rating of "Hold" and an average price target of $296.18.

Insider Transactions at Automatic Data Processing

In related news, VP Jonathan S. Lehberger sold 2,324 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $303.30, for a total transaction of $704,869.20. Following the completion of the transaction, the vice president now directly owns 3,063 shares in the company, valued at $929,007.90. This trade represents a 43.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Christopher D'ambrosio sold 473 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $306.20, for a total value of $144,832.60. Following the transaction, 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. In the last ninety days, insiders sold 5,951 shares of company stock worth $1,762,074. 0.21% of the stock is currently owned by company insiders.

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.