BB&T Securities LLC boosted its position in Automatic Data Processing (NYSE:ADP) by 2.0% during the first quarter, Holdings Channel reports. The institutional investor owned 111,611 shares of the business services provider’s stock after buying an additional 2,206 shares during the period. BB&T Securities LLC’s holdings in Automatic Data Processing were worth $11,428,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Goelzer Investment Management Inc. raised its stake in shares of Automatic Data Processing by 0.3% in the first quarter. Goelzer Investment Management Inc. now owns 4,239 shares of the business services provider’s stock worth $434,000 after buying an additional 12 shares in the last quarter. Middleton & Co Inc MA raised its stake in shares of Automatic Data Processing by 0.4% in the first quarter. Middleton & Co Inc MA now owns 5,306 shares of the business services provider’s stock worth $543,000 after buying an additional 20 shares in the last quarter. Moloney Securities Asset Management LLC raised its stake in shares of Automatic Data Processing by 0.5% in the first quarter. Moloney Securities Asset Management LLC now owns 5,777 shares of the business services provider’s stock worth $592,000 after buying an additional 28 shares in the last quarter. Ronald Blue & Co. LLC raised its stake in shares of Automatic Data Processing by 0.7% in the first quarter. Ronald Blue & Co. LLC now owns 4,044 shares of the business services provider’s stock worth $414,000 after buying an additional 30 shares in the last quarter. Finally, TCI Wealth Advisors Inc. raised its stake in shares of Automatic Data Processing by 1.2% in the first quarter. TCI Wealth Advisors Inc. now owns 2,669 shares of the business services provider’s stock worth $273,000 after buying an additional 32 shares in the last quarter.

Automatic Data Processing (NYSE ADP) opened at 111.48 on Monday. The firm’s 50-day moving average price is $104.36 and its 200 day moving average price is $102.14. Automatic Data Processing has a one year low of $85.48 and a one year high of $121.77. The firm has a market capitalization of $49.53 billion and a P/E ratio of 28.96.

Automatic Data Processing (NYSE:ADP) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.02. Automatic Data Processing had a net margin of 17.24% and a return on equity of 59.56%. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same period last year, the business posted $0.69 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that Automatic Data Processing will post $3.81 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 8th will be paid a dividend of $0.57 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.05%.

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A number of equities research analysts recently weighed in on the company. Barclays PLC restated a “buy” rating on shares of Automatic Data Processing in a research report on Thursday, April 27th. Goldman Sachs Group, Inc. (The) lowered Automatic Data Processing from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $115.00 to $108.00 in a research report on Tuesday, June 20th. Stifel Nicolaus restated a “hold” rating and set a $108.00 price objective (up previously from $103.00) on shares of Automatic Data Processing in a research report on Sunday, July 30th. BidaskClub upgraded Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Royal Bank Of Canada boosted their price objective on Automatic Data Processing from $94.00 to $95.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $104.96.

In other news, CEO Carlos A. Rodriguez sold 49,392 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $100.01, for a total transaction of $4,939,693.92. Following the transaction, the chief executive officer now directly owns 159,403 shares of the company’s stock, valued at $15,941,894.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael A. Bonarti sold 2,932 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $101.98, for a total value of $299,005.36. Following the transaction, the insider now directly owns 46,256 shares in the company, valued at $4,717,186.88. The disclosure for this sale can be found here. Insiders have sold 90,620 shares of company stock worth $9,435,757 over the last ninety days.

About Automatic Data Processing

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

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