DF Dent & Co. Inc. Has $2,265,000 Position in Automatic Data Processing, Inc. (ADP)

DF Dent & Co. Inc. held its position in Automatic Data Processing, Inc. (NASDAQ:ADP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,106 shares of the business services provider’s stock at the close of the 2nd quarter. DF Dent & Co. Inc.’s holdings in Automatic Data Processing were worth $2,265,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC boosted its stake in shares of 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 buying an additional 17 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in shares of Automatic Data Processing in the 2nd quarter worth $102,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Automatic Data Processing in the 1st quarter worth $113,000. Grove Bank & Trust boosted its stake in shares of 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 buying an additional 170 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA purchased a new position in shares of Automatic Data Processing in the 2nd quarter worth $136,000. 78.41% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing, Inc. (NASDAQ:ADP) opened at $110.21 on Friday. The firm has a market capitalization of $48,877.00, a price-to-earnings ratio of 29.47, a P/E/G ratio of 2.82 and a beta of 0.87. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. Automatic Data Processing, Inc. has a 52-week low of $94.11 and a 52-week high of $121.77.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results 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 company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.06 billion. Automatic Data Processing had a return on equity of 42.34% and a net margin of 14.08%. Automatic Data Processing’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 earnings per share. equities analysts anticipate that Automatic Data Processing, Inc. will post 3.91 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 8th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.29%. This is an increase from Automatic Data Processing’s previous quarterly dividend of $0.57. The ex-dividend date is Thursday, December 7th. Automatic Data Processing’s payout ratio is presently 58.02%.

A number of research firms have recently issued reports on ADP. Morgan Stanley restated an “equal weight” rating on shares of Automatic Data Processing in a research note on Wednesday, November 15th. Zacks Investment Research upgraded Automatic Data Processing from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research note on Wednesday, November 8th. BidaskClub downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Royal Bank Of Canada lowered their target price on Automatic Data Processing from $100.00 to $95.00 and set a “sector perform” rating on the stock in a research report on Monday, November 6th. Finally, BMO Capital Markets lowered their target price on Automatic Data Processing from $122.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $112.37.

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In other news, VP Brock Albinson sold 3,663 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $106.54, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Maria Black sold 631 shares of the business’s stock in a transaction dated Saturday, September 2nd. The shares were sold at an average price of $106.64, for a total value of $67,289.84. Following the completion of the transaction, the vice president now owns 10,550 shares in the company, valued at $1,125,052. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

Automatic Data Processing Company 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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