Radnor Capital Management LLC Reduces Stock Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Radnor Capital Management LLC decreased its position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 15.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,106 shares of the business services provider's stock after selling 1,970 shares during the period. Radnor Capital Management LLC's holdings in Automatic Data Processing were worth $3,251,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Moloney Securities Asset Management LLC acquired a new position in shares of Automatic Data Processing during the 3rd quarter valued at $209,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Automatic Data Processing by 5.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 280,961 shares of the business services provider's stock valued at $77,750,000 after purchasing an additional 15,340 shares during the period. RIA Advisory Group LLC bought a new position in shares of Automatic Data Processing during the 3rd quarter worth about $470,000. Dash Acquisitions Inc. grew its stake in shares of Automatic Data Processing by 5.6% in the 3rd quarter. Dash Acquisitions Inc. now owns 52,329 shares of the business services provider's stock valued at $15,069,000 after buying an additional 2,781 shares during the period. Finally, DRW Securities LLC bought a new stake in Automatic Data Processing in the 3rd quarter valued at about $951,000. Institutional investors own 80.03% of the company's stock.

Insider Transactions at Automatic Data Processing

In related news, VP David Foskett sold 1,067 shares of Automatic Data Processing stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $286.15, for a total value of $305,322.05. Following the sale, the vice president now owns 6,140 shares of the company's stock, valued at approximately $1,756,961. The trade was a 14.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Maria Black sold 721 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $20,077,721.04. This trade represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,129 shares of company stock worth $12,604,872 in the last ninety days. Company insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ADP. Citigroup increased their price target on Automatic Data Processing from $260.00 to $295.00 and gave the stock a "neutral" rating in a report on Wednesday, September 25th. Jefferies Financial Group lifted their price target on shares of Automatic Data Processing from $260.00 to $290.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. UBS Group upped their price objective on shares of Automatic Data Processing from $270.00 to $295.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Barclays lifted their price objective on shares of Automatic Data Processing from $310.00 to $325.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Finally, StockNews.com lowered shares of Automatic Data Processing from a "buy" rating to a "hold" rating in a report on Saturday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Automatic Data Processing presently has an average rating of "Hold" and a consensus price target of $289.91.

Automatic Data Processing Stock Up 0.6 %

ADP stock traded up $1.68 during trading on Wednesday, reaching $293.37. The stock had a trading volume of 1,764,377 shares, compared to its average volume of 1,639,009. Automatic Data Processing, Inc. has a one year low of $231.27 and a one year high of $309.63. The company's 50 day moving average is $298.48 and its two-hundred day moving average is $279.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $119.54 billion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 3.50 and a beta of 0.79.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released its earnings results on Wednesday, October 30th. The business services provider reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.12. The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.77 billion. Automatic Data Processing had a return on equity of 82.36% and a net margin of 19.72%. Automatic Data Processing's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.08 earnings per share. Equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The firm 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 dividend of $1.54 per share. This represents a $6.16 annualized dividend and a dividend yield of 2.10%. Automatic Data Processing's dividend payout ratio is presently 65.74%.

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.