Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,914,692 shares of the business services provider's stock after selling 2,327 shares during the period. Automatic Data Processing makes up about 0.6% of Stifel Financial Corp's investment portfolio, making the stock its 28th largest position. Stifel Financial Corp owned about 0.47% of Automatic Data Processing worth $560,510,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ADP. Cyrus J. Lawrence LLC grew its holdings in Automatic Data Processing by 121.8% during the 4th quarter. Cyrus J. Lawrence LLC now owns 122 shares of the business services provider's stock valued at $35,000 after purchasing an additional 67 shares during the last quarter. Sugar Maple Asset Management LLC bought a new position in Automatic Data Processing in the 4th quarter valued at $37,000. Wingate Wealth Advisors Inc. purchased a new position in Automatic Data Processing in the 4th quarter worth about $37,000. HHM Wealth Advisors LLC bought a new stake in shares of Automatic Data Processing during the fourth quarter valued at approximately $41,000. Finally, Kieckhefer Group LLC purchased a new stake in Automatic Data Processing in the fourth quarter worth about $42,000. Institutional investors own 80.03% of the company's stock.

Automatic Data Processing Trading Up 0.3 %

NASDAQ:ADP traded up $1.01 during trading hours on Thursday, reaching $294.55. 1,685,892 shares of the stock were exchanged, compared to its average volume of 1,682,839. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $322.84. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average of $300.21 and a two-hundred day moving average of $298.23. The company has a market capitalization of $120.02 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 3.62 and a beta of 0.74.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its earnings results on Wednesday, January 29th. The business services provider reported $2.35 EPS for the quarter, beating 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%. On average, equities analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $1.54 per share. The ex-dividend date is Friday, June 13th. This represents a $6.16 annualized dividend and a yield of 2.09%. Automatic Data Processing's payout ratio is 64.23%.

Analyst Ratings Changes

ADP has been the topic of several analyst reports. StockNews.com lowered shares of Automatic Data Processing from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Jefferies Financial Group raised their price target on shares of 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. Barclays upped their target price on shares of Automatic Data Processing from $325.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, UBS Group boosted their target price on Automatic Data Processing from $318.00 to $324.00 and gave the stock a "neutral" rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $302.30.

Insider Activity at Automatic Data Processing

In related news, VP Brian L. Michaud sold 1,500 shares of Automatic Data Processing stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $305.38, for a total transaction of $458,070.00. Following the completion of the transaction, the vice president now directly owns 12,073 shares of the company's stock, valued at approximately $3,686,852.74. The trade was a 11.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Jonathan S. Lehberger sold 2,324 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $303.30, for a total value of $704,869.20. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 4,775 shares of company stock valued at $1,447,893 over the last 90 days. 0.21% of the stock is owned by corporate 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.