5,686 Shares in Automatic Data Processing, Inc. (NASDAQ:ADP) Acquired by Roxbury Financial LLC

Roxbury Financial LLC acquired a new position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,686 shares of the business services provider's stock, valued at approximately $1,745,000. Automatic Data Processing accounts for about 1.7% of Roxbury Financial LLC's portfolio, making the stock its 19th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Moloney Securities Asset Management LLC purchased a new position in Automatic Data Processing in the third quarter worth $209,000. Littlejohn Financial Services Inc. acquired a new stake in Automatic Data Processing in the 4th quarter worth approximately $708,000. Nomura Asset Management Co. Ltd. grew its position in Automatic Data Processing by 5.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 280,961 shares of the business services provider's stock worth $77,750,000 after purchasing an additional 15,340 shares during the last quarter. RIA Advisory Group LLC acquired a new position in Automatic Data Processing during the 3rd quarter valued at approximately $470,000. Finally, Dash Acquisitions Inc. raised its holdings in shares of Automatic Data Processing by 5.6% in the third 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. 80.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADP. Royal Bank of Canada reissued a "sector perform" rating and set a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, January 30th. TD Cowen increased their price target 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. Jefferies Financial Group increased their price objective on shares of Automatic Data Processing from $290.00 to $305.00 and gave the stock a "hold" rating in a research note on Thursday, January 30th. Barclays upped their price target on shares of Automatic Data Processing from $325.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, UBS Group lifted their price objective on Automatic Data Processing from $270.00 to $295.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $293.55.

Automatic Data Processing Price Performance

Shares of Automatic Data Processing stock traded up $3.27 on Wednesday, hitting $313.22. The company's stock had a trading volume of 1,407,682 shares, compared to its average volume of 1,615,934. The company has a market capitalization of $127.62 billion, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 3.59 and a beta of 0.79. Automatic Data Processing, Inc. has a 1 year low of $231.27 and a 1 year high of $313.72. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a fifty day moving average price of $298.18 and a 200-day moving average price of $289.59.

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

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a yield of 1.97%. The ex-dividend date is Friday, March 14th. Automatic Data Processing's payout ratio is 64.23%.

Insider Activity

In related news, VP Brian L. Michaud sold 362 shares of the stock in a transaction 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 transaction, the vice president now directly owns 13,706 shares of the company's stock, valued at approximately $4,027,233.98. This represents a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David Foskett sold 1,004 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $289.29, for a total value of $290,447.16. Following the completion of the transaction, the vice president now owns 5,958 shares in the company, valued at $1,723,589.82. The trade was a 14.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,478 shares of company stock worth $1,617,241 over the last 90 days. 0.21% of the stock is currently owned by company insiders.

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.