Robeco Institutional Asset Management B.V. Purchases 14,161 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Robeco Institutional Asset Management B.V. lifted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 279,327 shares of the business services provider's stock after purchasing an additional 14,161 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.07% of Automatic Data Processing worth $81,767,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in Automatic Data Processing in the third quarter worth about $26,000. Dunhill Financial LLC raised its position in Automatic Data Processing by 346.5% in the third quarter. Dunhill Financial LLC now owns 106 shares of the business services provider's stock worth $29,000 after acquiring an additional 149 shares in the last quarter. Hexagon Capital Partners LLC raised its position in Automatic Data Processing by 78.5% in the third 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 in the last quarter. Capital Performance Advisors LLP bought a new stake in Automatic Data Processing in the third quarter worth about $35,000. Finally, Sugar Maple Asset Management LLC bought a new stake in Automatic Data Processing in the fourth quarter worth about $37,000. 80.03% of the stock is currently owned by institutional investors.

Insider Activity at Automatic Data Processing

In related news, VP Brian L. Michaud sold 362 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $293.83, for a total value of $106,366.46. Following the completion of the sale, the vice president now directly owns 13,706 shares in the company, valued at approximately $4,027,233.98. The trade was a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Sreenivasa Kutam sold 38,975 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $300.00, for a total value of $11,692,500.00. Following the completion of the sale, the vice president now owns 32,604 shares of the company's stock, valued at approximately $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 quarter, insiders sold 42,129 shares of company stock valued at $12,604,872. 0.21% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ADP shares. StockNews.com cut shares of Automatic Data Processing from a "buy" rating to a "hold" rating in a research report on Monday. Barclays lifted their price target on Automatic Data Processing from $310.00 to $325.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Royal Bank of Canada reissued a "sector perform" rating and issued a $315.00 price target on shares of Automatic Data Processing in a research note on Thursday. Jefferies Financial Group lifted their price target on Automatic Data Processing from $290.00 to $305.00 and gave the stock a "hold" rating in a research note on Thursday. Finally, Mizuho lifted their price target on Automatic Data Processing from $281.00 to $310.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $291.27.

Automatic Data Processing Stock Up 0.9 %

Shares of NASDAQ ADP traded up $2.69 during trading hours on Thursday, hitting $303.26. The stock had a trading volume of 1,366,346 shares, compared to its average volume of 1,718,468. The company has a market capitalization of $123.57 billion, a P/E ratio of 32.37, a P/E/G ratio of 3.45 and a beta of 0.79. The firm's 50-day moving average price is $297.23 and its two-hundred day moving average price is $283.77. Automatic Data Processing, Inc. has a 52 week low of $231.27 and a 52 week high of $311.67. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.01.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.35 EPS for the quarter, beating the consensus estimate of $2.30 by $0.05. Automatic Data Processing had a return on equity of 82.36% and a net margin of 19.72%. Analysts anticipate that Automatic Data Processing, Inc. will post 9.94 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $1.54 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.16 annualized dividend and a dividend yield of 2.03%. Automatic Data Processing's payout ratio is 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.