Relyea Zuckerberg Hanson LLC Has $3.78 Million Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

Relyea Zuckerberg Hanson LLC raised its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 121.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,898 shares of the business services provider's stock after purchasing an additional 7,080 shares during the period. Relyea Zuckerberg Hanson LLC's holdings in Automatic Data Processing were worth $3,776,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Itau Unibanco Holding S.A. acquired a new position in Automatic Data Processing in the third quarter valued at $26,000. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Automatic Data Processing during the 2nd quarter valued at about $27,000. Dunhill Financial LLC increased its stake in shares of Automatic Data Processing by 346.5% during the 3rd quarter. Dunhill Financial LLC now owns 106 shares of the business services provider's stock valued at $29,000 after acquiring an additional 149 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Automatic Data Processing by 78.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 116 shares of the business services provider's stock worth $32,000 after acquiring an additional 51 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Automatic Data Processing in the third quarter worth approximately $35,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Price Performance

ADP stock traded down $0.05 during trading on Friday, hitting $296.18. The company had a trading volume of 2,405,360 shares, compared to its average volume of 1,454,451. The business has a 50 day moving average of $297.90 and a 200 day moving average of $279.99. The firm has a market capitalization of $120.68 billion, a price-to-earnings ratio of 31.61, a P/E/G ratio of 3.34 and a beta of 0.79. Automatic Data Processing, Inc. has a fifty-two week low of $231.27 and a fifty-two week high of $309.63. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56.

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, topping analysts' consensus estimates of $2.21 by $0.12. Automatic Data Processing had a return on equity of 82.36% and a net margin of 19.72%. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.77 billion. During the same period in the previous year, the company earned $2.08 earnings per share. Automatic Data Processing's revenue was up 7.1% compared to the same quarter last year. As a group, research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.08%. Automatic Data Processing's dividend payout ratio is currently 65.74%.

Analysts Set New Price Targets

A number of analysts have recently commented on ADP shares. Mizuho upped their price objective on Automatic Data Processing from $281.00 to $310.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Jefferies Financial Group increased their target price on shares of Automatic Data Processing from $260.00 to $290.00 and gave the stock a "hold" rating in a research report on Tuesday, October 22nd. Royal Bank of Canada raised their price target on shares of Automatic Data Processing from $267.00 to $315.00 and gave the company a "sector perform" rating in a report on Thursday, October 31st. Citigroup boosted their price objective on shares of Automatic Data Processing from $260.00 to $295.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 25th. Finally, StockNews.com downgraded shares of Automatic Data Processing from a "buy" rating to a "hold" rating in a research note on Saturday, January 11th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Automatic Data Processing presently has a consensus rating of "Hold" and a consensus price target of $289.91.

Insider Buying and Selling

In other Automatic Data Processing news, VP Brian L. Michaud sold 362 shares of Automatic Data Processing stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $293.83, for a total transaction of $106,366.46. Following the completion of the sale, the vice president now owns 13,706 shares of the company's stock, valued at $4,027,233.98. This trade represents a 2.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Sreenivasa Kutam sold 38,975 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $300.00, for a total transaction of $11,692,500.00. Following the completion of the transaction, the vice president now directly owns 32,604 shares in the company, valued at $9,781,200. This trade represents a 54.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,129 shares of company stock valued at $12,604,872. Company insiders own 0.21% of the company's stock.

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.