Two Sigma Securities LLC Lowers Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

Two Sigma Securities LLC cut its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 45.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,393 shares of the business services provider's stock after selling 2,848 shares during the period. Two Sigma Securities LLC's holdings in Automatic Data Processing were worth $993,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Nebula Research & Development LLC raised its holdings in Automatic Data Processing by 17.7% during the fourth quarter. Nebula Research & Development LLC now owns 3,709 shares of the business services provider's stock valued at $1,086,000 after buying an additional 559 shares in the last quarter. Rothschild Capital Partners LLC acquired a new position in shares of Automatic Data Processing in the fourth quarter valued at $307,000. Hancock Whitney Corp increased its stake in Automatic Data Processing by 4.6% in the fourth quarter. Hancock Whitney Corp now owns 9,739 shares of the business services provider's stock valued at $2,851,000 after acquiring an additional 432 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of Automatic Data Processing by 1.8% in the 4th quarter. Integrated Wealth Concepts LLC now owns 11,020 shares of the business services provider's stock worth $3,226,000 after buying an additional 194 shares in the last quarter. Finally, Burling Wealth Partners LLC acquired a new stake in shares of Automatic Data Processing in the 4th quarter valued at $449,000. 80.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Automatic Data Processing Price Performance

ADP traded down $2.79 during trading on Friday, reaching $291.76. The stock had a trading volume of 1,481,853 shares, compared to its average volume of 1,684,385. The stock has a market cap of $118.88 billion, a PE ratio of 30.42, a PEG ratio of 3.62 and a beta of 0.74. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.00 and a current ratio of 1.00. Automatic Data Processing, Inc. has a one year low of $231.27 and a one year high of $322.84. The business has a 50-day moving average of $299.57 and a 200-day moving average of $298.52.

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%. As a group, equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.11%. Automatic Data Processing's dividend payout ratio is currently 64.23%.

Insider Transactions at Automatic Data Processing

In other news, VP Brian L. Michaud sold 1,500 shares of the 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 transaction, the vice president now owns 12,073 shares of the company's stock, valued at approximately $3,686,852.74. This represents a 11.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher D'ambrosio sold 473 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $306.20, for a total transaction of $144,832.60. Following the sale, the vice president now directly owns 7,244 shares of the company's stock, valued at approximately $2,218,112.80. The trade was a 6.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,775 shares of company stock worth $1,447,893 in the last quarter. 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.