36,839 Shares in Automatic Data Processing, Inc. (NASDAQ:ADP) Bought by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. purchased a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 36,839 shares of the business services provider’s stock, valued at approximately $10,784,000.

Several other institutional investors have also added to or reduced their stakes in the business. Littlejohn Financial Services Inc. purchased a new stake in Automatic Data Processing during the 4th quarter valued at about $708,000. Bath Savings Trust Co increased its holdings in Automatic Data Processing by 2.0% in the 4th quarter. Bath Savings Trust Co now owns 99,299 shares of the business services provider’s stock worth $29,068,000 after buying an additional 1,951 shares during the period. Principal Financial Group Inc. raised its position in Automatic Data Processing by 4.5% during the 3rd quarter. Principal Financial Group Inc. now owns 529,690 shares of the business services provider’s stock worth $146,581,000 after buying an additional 22,766 shares during the last quarter. Franklin Resources Inc. lifted its stake in Automatic Data Processing by 8.4% during the 3rd quarter. Franklin Resources Inc. now owns 667,068 shares of the business services provider’s stock valued at $194,117,000 after acquiring an additional 51,828 shares during the period. Finally, Relyea Zuckerberg Hanson LLC boosted its holdings in shares of Automatic Data Processing by 121.7% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 12,898 shares of the business services provider’s stock valued at $3,776,000 after acquiring an additional 7,080 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Barclays boosted their target price on shares of Automatic Data Processing from $325.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $315.00 target price on shares of Automatic Data Processing in a research note on Thursday, January 30th. StockNews.com downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. UBS Group raised their price objective on shares of Automatic Data Processing from $318.00 to $324.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 4th. Finally, Jefferies Financial Group increased their price target on shares of Automatic Data Processing from $290.00 to $305.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Automatic Data Processing has an average rating of “Hold” and an average target price of $302.30.

Automatic Data Processing Trading Down 2.9 %

ADP stock opened at $284.85 on Tuesday. Automatic Data Processing, Inc. has a 12-month low of $231.27 and a 12-month high of $322.84. The business’s 50-day moving average is $300.84 and its 200 day moving average is $298.30. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59. The stock has a market cap of $116.06 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 3.62 and a beta of 0.74.

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

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a $1.54 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.16 dividend on an annualized basis and a yield of 2.16%. Automatic Data Processing’s payout ratio is 64.23%.

Insider Transactions at Automatic Data Processing

In related news, VP Christopher D’ambrosio sold 478 shares of the company’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $293.14, for a total value of $140,120.92. Following the completion of the sale, the vice president now owns 7,364 shares of the company’s stock, valued at approximately $2,158,682.96. This represents a 6.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Brian L. Michaud sold 1,500 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $305.38, for a total transaction of $458,070.00. Following the completion of the transaction, the vice president now owns 12,073 shares in the company, valued at $3,686,852.74. The trade was a 11.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,775 shares of company stock worth $1,447,893 in the last ninety days. Insiders own 0.21% of the company’s stock.

Automatic Data Processing Company 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.