Automatic Data Processing (ADP) Position Increased by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV raised its position in Automatic Data Processing (NYSE:ADP) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,556 shares of the business services provider’s stock after purchasing an additional 3 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Automatic Data Processing were worth $262,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ADP. Proficio Capital Partners LLC raised its position in Automatic Data Processing by 1.8% in the 2nd quarter. Proficio Capital Partners LLC now owns 964 shares of the business services provider’s stock worth $111,000 after purchasing an additional 17 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new stake in Automatic Data Processing in the 1st quarter worth about $113,000. Grove Bank & Trust raised its position in Automatic Data Processing by 16.4% in the 2nd quarter. Grove Bank & Trust now owns 1,208 shares of the business services provider’s stock worth $124,000 after purchasing an additional 170 shares during the period. Armbruster Capital Management Inc. raised its position in Automatic Data Processing by 2.5% in the 2nd quarter. Armbruster Capital Management Inc. now owns 1,322 shares of the business services provider’s stock worth $135,000 after purchasing an additional 32 shares during the period. Finally, Harbour Capital Advisors LLC purchased a new stake in Automatic Data Processing in the 1st quarter worth about $176,000.

A number of research firms recently weighed in on ADP. Zacks Investment Research lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Royal Bank Of Canada reissued a “hold” rating and issued a $95.00 price objective on shares of Automatic Data Processing in a research report on Friday, September 15th. BMO Capital Markets reissued a “market perform” rating and issued a $105.00 price objective on shares of Automatic Data Processing in a research report on Wednesday, August 9th. BidaskClub raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Saturday, September 9th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $95.00 price objective on shares of Automatic Data Processing in a research report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $110.97.

In other Automatic Data Processing news, VP Brock Albinson sold 3,663 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $106.54, for a total value of $390,256.02. Following the sale, the vice president now directly owns 6,287 shares of the company’s stock, valued at approximately $669,816.98. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Maria Black sold 631 shares of the stock in a transaction that occurred on Saturday, September 2nd. The shares were sold at an average price of $106.64, for a total transaction of $67,289.84. Following the completion of the sale, the vice president now directly owns 10,550 shares in the company, valued at $1,125,052. The disclosure for this sale can be found here.

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Automatic Data Processing Profile

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services.

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Institutional Ownership by Quarter for Automatic Data Processing (NYSE:ADP)

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