Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC grew its holdings in Automatic Data Processing, Inc. (NASDAQ:ADPGet Rating) by 12.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,128 shares of the business services provider’s stock after purchasing an additional 127 shares during the period. Foundations Investment Advisors LLC’s holdings in Automatic Data Processing were worth $245,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Delos Wealth Advisors LLC lifted its stake in shares of Automatic Data Processing by 588.9% in the 4th quarter. Delos Wealth Advisors LLC now owns 124 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 106 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of Automatic Data Processing in the 1st quarter valued at $28,000. Core Alternative Capital lifted its stake in shares of Automatic Data Processing by 761.1% in the 1st quarter. Core Alternative Capital now owns 155 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 137 shares during the last quarter. Exane Derivatives lifted its stake in shares of Automatic Data Processing by 4,750.0% in the 1st quarter. Exane Derivatives now owns 194 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 190 shares during the last quarter. Finally, Vectors Research Management LLC lifted its stake in shares of Automatic Data Processing by 73.5% in the 4th quarter. Vectors Research Management LLC now owns 236 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 79.06% of the company’s stock.

Insider Activity at Automatic Data Processing

In related news, VP Augusto J. Blanchard sold 567 shares of the company’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $210.64, for a total value of $119,432.88. Following the completion of the sale, the vice president now directly owns 4,238 shares of the company’s stock, valued at approximately $892,692.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Automatic Data Processing news, VP Donald Weinstein sold 10,150 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $250.00, for a total transaction of $2,537,500.00. Following the completion of the sale, the vice president now directly owns 41,035 shares of the company’s stock, valued at approximately $10,258,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Augusto J. Blanchard sold 567 shares of the stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $210.64, for a total value of $119,432.88. Following the sale, the vice president now directly owns 4,238 shares of the company’s stock, valued at $892,692.32. The disclosure for this sale can be found here. Insiders sold a total of 107,349 shares of company stock valued at $25,576,129 in the last three months. 0.34% of the stock is currently owned by company insiders.

Automatic Data Processing Trading Up 1.3 %

ADP opened at $233.64 on Monday. Automatic Data Processing, Inc. has a one year low of $192.26 and a one year high of $261.59. The company has a market cap of $97.08 billion, a P/E ratio of 33.33, a PEG ratio of 2.42 and a beta of 0.82. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.99 and a current ratio of 0.99. The business’s 50-day simple moving average is $239.17 and its 200-day simple moving average is $225.14.

Automatic Data Processing (NASDAQ:ADPGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The business services provider reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.02. The business had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.05 billion. Automatic Data Processing had a return on equity of 66.25% and a net margin of 17.87%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.20 EPS. As a group, equities research analysts expect that Automatic Data Processing, Inc. will post 8.05 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Friday, September 9th will be given a $1.04 dividend. The ex-dividend date is Thursday, September 8th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.78%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 59.34%.

Analysts Set New Price Targets

ADP has been the topic of several recent analyst reports. Morgan Stanley upped their price target on Automatic Data Processing from $235.00 to $245.00 and gave the company an “equal weight” rating in a research note on Thursday, July 28th. Mizuho upped their price target on Automatic Data Processing from $250.00 to $257.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Cowen upped their price target on Automatic Data Processing from $225.00 to $230.00 in a report on Thursday, July 28th. Cowen upped their price target on Automatic Data Processing from $225.00 to $230.00 in a report on Thursday, July 28th. Finally, Wolfe Research cut their price target on Automatic Data Processing from $235.00 to $210.00 in a report on Wednesday, July 20th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $235.92.

About Automatic Data Processing

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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.

Further Reading

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

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