Automatic Data Processing, Inc. (ADP) Holdings Held by Baker Chad R

Baker Chad R continued to hold its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,315 shares of the business services provider’s stock at the end of the 2nd quarter. Automatic Data Processing accounts for about 2.0% of Baker Chad R’s holdings, making the stock its 21st biggest position. Baker Chad R’s holdings in Automatic Data Processing were worth $5,053,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. AHL Partners LLP lifted its stake in Automatic Data Processing by 37.3% in the second quarter. AHL Partners LLP now owns 109,735 shares of the business services provider’s stock worth $11,243,000 after purchasing an additional 29,836 shares during the last quarter. Salem Investment Counselors Inc. lifted its stake in Automatic Data Processing by 4.4% in the second quarter. Salem Investment Counselors Inc. now owns 3,545 shares of the business services provider’s stock worth $363,000 after purchasing an additional 149 shares during the last quarter. Guardian Capital LP lifted its stake in Automatic Data Processing by 1.6% in the second quarter. Guardian Capital LP now owns 177,087 shares of the business services provider’s stock worth $18,144,000 after purchasing an additional 2,800 shares during the last quarter. Institute for Wealth Management LLC. bought a new stake in Automatic Data Processing in the second quarter worth about $285,000. Finally, Tudor Investment Corp ET AL bought a new stake in Automatic Data Processing in the second quarter worth about $916,000. 79.74% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing, Inc. (NASDAQ:ADP) opened at $111.06 on Friday. The stock has a market cap of $49,254.00, a P/E ratio of 29.70, a P/E/G ratio of 2.84 and a beta of 0.87. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.10. Automatic Data Processing, Inc. has a 1-year low of $93.95 and a 1-year high of $121.77.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.06. The company 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%. Automatic Data Processing’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company posted $0.86 earnings per share. equities analysts predict that Automatic Data Processing, Inc. will post 3.91 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 8th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.27%. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Thursday, December 7th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 58.02%.

In related news, VP Maria Black sold 631 shares of Automatic Data Processing 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 transaction, the vice president now directly owns 10,550 shares of the company’s stock, valued at $1,125,052. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Brock Albinson sold 3,663 shares of Automatic Data Processing stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $106.54, for a total transaction of $390,256.02. Following the transaction, the vice president now directly owns 6,287 shares in the company, valued at $669,816.98. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

ADP has been the subject of several analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $105.00 price objective (up previously from $100.00) on shares of Automatic Data Processing in a research note on Friday, July 28th. Robert W. Baird reissued a “neutral” rating and issued a $95.00 price objective on shares of Automatic Data Processing in a research note on Sunday, July 30th. Stifel Nicolaus reaffirmed a “hold” rating and set a $108.00 target price (up from $103.00) on shares of Automatic Data Processing in a research report on Sunday, July 30th. BidaskClub raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Royal Bank Of Canada raised their target price on shares of Automatic Data Processing from $94.00 to $95.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 1st. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $112.37.

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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.

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

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