Automatic Data Processing, Inc. (ADP) Shares Sold by Bank of Hawaii

Bank of Hawaii reduced its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,630 shares of the business services provider’s stock after selling 500 shares during the period. Bank of Hawaii’s holdings in Automatic Data Processing were worth $1,909,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ADP. Guardian Life Insurance Co. of America lifted its stake in Automatic Data Processing by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,740 shares of the business services provider’s stock valued at $178,000 after purchasing an additional 12 shares during the last quarter. Washington Trust Bank lifted its stake in Automatic Data Processing by 0.4% during the second quarter. Washington Trust Bank now owns 3,392 shares of the business services provider’s stock valued at $348,000 after purchasing an additional 12 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in Automatic Data Processing by 0.6% during the first quarter. Flagship Harbor Advisors LLC now owns 2,778 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 16 shares during the last quarter. Personal Capital Advisors Corp lifted its stake in Automatic Data Processing by 0.7% during the second quarter. Personal Capital Advisors Corp now owns 2,371 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 16 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in Automatic Data Processing by 1.8% during the second quarter. Proficio Capital Partners LLC now owns 964 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 17 shares during the last quarter. 79.74% of the stock is owned by institutional investors.

Automatic Data Processing, Inc. (ADP) opened at $112.08 on Wednesday. The firm has a market cap of $49,462.40, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 2.86 and a beta of 0.87. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.10 and a quick ratio of 1.10. Automatic Data Processing, Inc. has a 12 month low of $91.60 and a 12 month high of $121.77.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.06. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.06 billion. Automatic Data Processing had a net margin of 14.08% and a return on equity of 42.34%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 EPS. equities research analysts expect that Automatic Data Processing, Inc. will post 3.91 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 8th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, December 7th. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $0.57. Automatic Data Processing’s dividend payout ratio is currently 58.02%.

Several research firms recently commented on ADP. Zacks Investment Research lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Royal Bank Of Canada reissued a “hold” rating and set a $95.00 target price on shares of Automatic Data Processing in a research note on Friday, September 15th. BMO Capital Markets restated a “market perform” rating and set a $105.00 price target on shares of Automatic Data Processing in a report on Wednesday, August 9th. BidaskClub upgraded shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a report on Saturday, September 9th. Finally, Robert W. Baird restated a “neutral” rating and set a $95.00 price target on shares of Automatic Data Processing in a report on Sunday, July 30th. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Automatic Data Processing presently has an average rating of “Hold” and an average target price of $112.37.

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In other news, VP Maria Black sold 631 shares of the stock in a transaction 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 transaction, the vice president now owns 10,550 shares in the company, valued at approximately $1,125,052. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Brock Albinson sold 3,663 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $106.54, for a total transaction of $390,256.02. Following the transaction, the vice president now owns 6,287 shares in the company, valued at approximately $669,816.98. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

About Automatic Data Processing

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.

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

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