Marshall Wace LLP Has $299,000 Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Marshall Wace LLP lowered its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADPFree Report) by 96.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,253 shares of the business services provider’s stock after selling 35,547 shares during the quarter. Marshall Wace LLP’s holdings in Automatic Data Processing were worth $299,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Kiely Wealth Advisory Group Inc. acquired a new position in Automatic Data Processing during the second quarter worth $27,000. Keener Financial Planning LLC raised its position in Automatic Data Processing by 230.3% during the first quarter. Keener Financial Planning LLC now owns 109 shares of the business services provider’s stock worth $28,000 after acquiring an additional 76 shares in the last quarter. Crewe Advisors LLC bought a new stake in Automatic Data Processing during the first quarter worth $33,000. Pathway Financial Advisers LLC bought a new stake in Automatic Data Processing during the first quarter worth $36,000. Finally, Pineridge Advisors LLC bought a new stake in Automatic Data Processing during the fourth quarter worth $39,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP Michael A. Bonarti sold 26,442 shares of Automatic Data Processing stock in a transaction on Monday, August 26th. The shares were sold at an average price of $270.96, for a total transaction of $7,164,724.32. Following the transaction, the vice president now directly owns 88,426 shares of the company’s stock, valued at $23,959,908.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Michael A. Bonarti sold 26,442 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $270.96, for a total value of $7,164,724.32. Following the transaction, the vice president now directly owns 88,426 shares of the company’s stock, valued at approximately $23,959,908.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David Kwon sold 846 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $270.60, for a total transaction of $228,927.60. Following the completion of the transaction, the vice president now directly owns 10,410 shares in the company, valued at $2,816,946. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,817 shares of company stock valued at $15,999,208. 0.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ADP has been the topic of several research analyst reports. StockNews.com lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Stifel Nicolaus raised their price target on shares of Automatic Data Processing from $271.00 to $287.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $267.00 price target on shares of Automatic Data Processing in a research report on Thursday, August 1st. Jefferies Financial Group increased their price objective on shares of Automatic Data Processing from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, Citigroup increased their price objective on shares of Automatic Data Processing from $260.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $267.83.

Get Our Latest Stock Analysis on Automatic Data Processing

Automatic Data Processing Stock Up 0.5 %

Automatic Data Processing stock opened at $288.36 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 1.01. Automatic Data Processing, Inc. has a 52-week low of $205.53 and a 52-week high of $288.50. The firm has a 50 day moving average price of $273.55 and a two-hundred day moving average price of $255.33. The firm has a market cap of $117.60 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 3.13 and a beta of 0.79.

Automatic Data Processing (NASDAQ:ADPGet Free Report) last released its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.03. The company had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.74 billion. Automatic Data Processing had a net margin of 19.54% and a return on equity of 89.20%. Automatic Data Processing’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.89 EPS. Equities analysts predict that Automatic Data Processing, Inc. will post 10.04 EPS for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were given a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 1.94%. The ex-dividend date was Friday, September 13th. Automatic Data Processing’s payout ratio is currently 61.47%.

About Automatic Data Processing

(Free Report)

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.

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

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