Automatic Data Processing (ADP) Shares Bought by Profund Advisors LLC
Profund Advisors LLC increased its position in shares of Automatic Data Processing (NYSE:ADP) by 6.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,095 shares of the company’s stock after buying an additional 2,124 shares during the period. Profund Advisors LLC’s holdings in Automatic Data Processing were worth $3,272,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Zions Bancorporation increased its stake in Automatic Data Processing by 228.5% in the second quarter. Zions Bancorporation now owns 1,189 shares of the company’s stock worth $110,000 after buying an additional 827 shares during the last quarter. Cornerstone Advisors Inc. increased its stake in Automatic Data Processing by 406.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,246 shares of the company’s stock worth $114,000 after buying an additional 1,000 shares during the last quarter. Hanson McClain Inc. increased its stake in Automatic Data Processing by 2.0% in the second quarter. Hanson McClain Inc. now owns 1,287 shares of the company’s stock worth $118,000 after buying an additional 25 shares during the last quarter. Peddock Capital Advisors LLC bought a new stake in Automatic Data Processing during the third quarter worth about $128,000. Finally, Pinkerton Retirement Specialists LLC bought a new stake in Automatic Data Processing during the second quarter worth about $133,000.
Automatic Data Processing (NYSE:ADP) traded down 0.0581% during mid-day trading on Friday, reaching $103.7397. 1,000,573 shares of the company’s stock traded hands. Automatic Data Processing has a 52-week low of $76.65 and a 52-week high of $104.09. The company has a 50-day moving average of $99.32 and a 200-day moving average of $92.08. The company has a market capitalization of $46.80 billion and a price-to-earnings ratio of 31.0412.
Automatic Data Processing (NYSE:ADP) last posted its earnings results on Wednesday, November 2nd. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.76 by $0.10. The firm earned $2.90 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter last year, the company posted $0.68 EPS. Automatic Data Processing’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts expect that Automatic Data Processing will post $3.67 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Sunday, January 1st. Shareholders of record on Friday, December 9th were given a $0.57 dividend. This is a boost from Automatic Data Processing’s previous quarterly dividend of $0.53. The ex-dividend date was Wednesday, December 7th. This represents a $2.28 annualized dividend and a yield of 2.20%.
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A number of equities research analysts have recently issued reports on the stock. Goldman Sachs Group, Inc. (The) upgraded shares of Automatic Data Processing from a “neutral” rating to a “buy” rating and set a $114.00 price target for the company in a research report on Friday, December 16th. BMO Capital Markets reiterated a “hold” rating on shares of Automatic Data Processing in a research report on Thursday, November 3rd. Barclays PLC began coverage on shares of Automatic Data Processing in a research report on Tuesday, December 20th. They set an “overweight” rating and a $115.00 price target for the company. Finally, Zacks Investment Research downgraded Automatic Data Processing from a “hold” rating to a “sell” rating in a research report on Tuesday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $99.44.
In other news, insider Jan Siegmund sold 11,376 shares of the stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $99.00, for a total value of $1,126,224.00. Following the completion of the transaction, the insider now directly owns 63,569 shares in the company, valued at $6,293,331. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas J. Perrotti sold 2,495 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $102.38, for a total transaction of $255,438.10. Following the completion of the transaction, the vice president now owns 14,295 shares of the company’s stock, valued at $1,463,522.10. The disclosure for this sale can be found here.
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.
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