700 Shares in Automatic Data Processing, Inc. (NASDAQ:ADP) Acquired by NORTHSTAR ASSET MANAGEMENT Co LLC

NORTHSTAR ASSET MANAGEMENT Co LLC acquired a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 700 shares of the business services provider’s stock, valued at approximately $205,000.

Several other hedge funds also recently bought and sold shares of the business. Soltis Investment Advisors LLC grew its holdings in shares of Automatic Data Processing by 2.4% in the fourth quarter. Soltis Investment Advisors LLC now owns 2,983 shares of the business services provider’s stock worth $873,000 after purchasing an additional 70 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Automatic Data Processing in the 4th quarter valued at about $37,000. Ferguson Wellman Capital Management Inc. grew its stake in Automatic Data Processing by 0.9% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 9,375 shares of the business services provider’s stock worth $2,744,000 after acquiring an additional 81 shares in the last quarter. Elevate Capital Advisors LLC purchased a new position in shares of Automatic Data Processing during the fourth quarter worth approximately $1,362,000. Finally, Savant Capital LLC raised its stake in shares of Automatic Data Processing by 5.6% during the fourth quarter. Savant Capital LLC now owns 11,191 shares of the business services provider’s stock valued at $3,276,000 after acquiring an additional 597 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP David Foskett sold 1,067 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $286.15, for a total value of $305,322.05. Following the completion of the transaction, the vice president now owns 6,140 shares of the company’s stock, valued at approximately $1,756,961. This trade represents a 14.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Brian L. Michaud sold 362 shares of Automatic Data Processing stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $293.83, for a total transaction of $106,366.46. Following the sale, the vice president now owns 13,706 shares of the company’s stock, valued at $4,027,233.98. The trade was a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,478 shares of company stock valued at $1,617,241 in the last ninety days. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ADP shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $315.00 price objective on shares of Automatic Data Processing in a research note on Thursday, January 30th. StockNews.com cut Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. UBS Group raised their price target on Automatic Data Processing from $270.00 to $295.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group upped their price objective on shares of Automatic Data Processing from $290.00 to $305.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Finally, TD Cowen raised their target price on shares of Automatic Data Processing from $276.00 to $285.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $293.55.

Automatic Data Processing Stock Performance

ADP stock opened at $305.97 on Monday. The firm has a 50-day simple moving average of $297.20 and a two-hundred day simple moving average of $286.66. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.00 and a current ratio of 1.00. Automatic Data Processing, Inc. has a one year low of $231.27 and a one year high of $311.67. The firm has a market cap of $124.67 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 3.60 and a beta of 0.79.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, January 29th. The business services provider reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.05. Automatic Data Processing had a net margin of 19.76% and a return on equity of 80.86%. On average, equities analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, March 14th. Automatic Data Processing’s dividend payout ratio is currently 64.23%.

Automatic Data Processing Profile

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.