Van Lanschot Kempen Investment Management N.V. Invests $10.78 Million in Automatic Data Processing, Inc. (NASDAQ:ADP)

Van Lanschot Kempen Investment Management N.V. purchased a new position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 36,839 shares of the business services provider's stock, valued at approximately $10,784,000.

Other institutional investors also recently added to or reduced their stakes in the company. Cyrus J. Lawrence LLC increased its position in Automatic Data Processing by 121.8% in the 4th quarter. Cyrus J. Lawrence LLC now owns 122 shares of the business services provider's stock worth $35,000 after buying an additional 67 shares during the period. Sugar Maple Asset Management LLC bought a new stake in shares of Automatic Data Processing during the fourth quarter valued at approximately $37,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Automatic Data Processing during the fourth quarter valued at approximately $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 bought a new stake in shares of Automatic Data Processing during the fourth quarter valued at approximately $42,000. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Trading Down 0.9 %

Shares of NASDAQ:ADP traded down $2.79 during trading on Friday, hitting $291.76. 1,481,853 shares of the company's stock were exchanged, compared to its average volume of 1,684,385. Automatic Data Processing, Inc. has a 1-year low of $231.27 and a 1-year high of $322.84. The firm has a 50-day moving average price of $299.57 and a two-hundred day moving average price of $298.52. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59. The firm has a market cap of $118.88 billion, a P/E ratio of 30.42, a PEG ratio of 3.62 and a beta of 0.74.

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

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Friday, June 13th. Automatic Data Processing's dividend payout ratio is currently 64.23%.

Insider Activity at Automatic Data Processing

In related news, VP Christopher D'ambrosio sold 473 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $306.20, for a total transaction of $144,832.60. Following the completion of the transaction, the vice president now owns 7,244 shares in the company, valued at approximately $2,218,112.80. The trade was a 6.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brian L. Michaud sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,775 shares of company stock worth $1,447,893. 0.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. StockNews.com cut Automatic Data Processing from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Jefferies Financial Group increased their price objective on Automatic Data Processing from $290.00 to $305.00 and gave the stock a "hold" rating in a research note on Thursday, January 30th. UBS Group boosted their target price on shares of Automatic Data Processing from $318.00 to $324.00 and gave the company a "neutral" rating in a research note on Tuesday, March 4th. Royal Bank of Canada reiterated a "sector perform" rating and set a $315.00 target price on shares of Automatic Data Processing in a research report on Thursday. Finally, Barclays lifted 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. One equities 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, Automatic Data Processing currently has an average rating of "Hold" and an average target price of $302.30.

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.