Nomura Holdings Inc. lowered its stake in Automatic Data Processing (NYSE:ADP) by 64.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,493 shares of the business services provider’s stock after selling 53,870 shares during the period. Nomura Holdings Inc.’s holdings in Automatic Data Processing were worth $2,948,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its stake in Automatic Data Processing by 38.0% in the fourth quarter. Macquarie Group Ltd. now owns 22,900 shares of the business services provider’s stock valued at $2,353,000 after buying an additional 6,300 shares during the period. Koshinski Asset Management Inc. increased its stake in Automatic Data Processing by 39.7% in the first quarter. Koshinski Asset Management Inc. now owns 3,123 shares of the business services provider’s stock valued at $320,000 after buying an additional 887 shares during the period. Quadrant Capital Group LLC increased its stake in Automatic Data Processing by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 3,126 shares of the business services provider’s stock valued at $312,000 after buying an additional 75 shares during the period. National Pension Service increased its stake in Automatic Data Processing by 2.8% in the first quarter. National Pension Service now owns 342,140 shares of the business services provider’s stock valued at $34,956,000 after buying an additional 9,337 shares during the period. Finally, First American Bank increased its stake in Automatic Data Processing by 19.6% in the first quarter. First American Bank now owns 27,631 shares of the business services provider’s stock valued at $2,829,000 after buying an additional 4,536 shares during the period.

Shares of Automatic Data Processing (NYSE ADP) traded up 0.556% on Friday, reaching $109.505. 1,032,364 shares of the company’s stock traded hands. The company’s 50-day moving average is $106.07 and its 200-day moving average is $102.56. Automatic Data Processing has a 52 week low of $85.48 and a 52 week high of $121.77. The firm has a market capitalization of $48.66 billion and a P/E ratio of 28.443. Automatic Data Processing also was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 15,090 put options on the stock. This represents an increase of 264% compared to the average daily volume of 4,143 put options.

Automatic Data Processing (NYSE:ADP) last released its earnings results on Thursday, July 27th. The business services provider reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.04 billion. Automatic Data Processing had a net margin of 17.24% and a return on equity of 59.56%. Automatic Data Processing’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 earnings per share. Equities research analysts anticipate that Automatic Data Processing will post $3.82 earnings per share for the current fiscal year.

The firm 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 $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, September 7th.

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Several equities research analysts recently issued reports on ADP shares. Barclays PLC dropped their price target on shares of Automatic Data Processing from $115.00 to $113.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 25th. Argus dropped their price target on shares of Automatic Data Processing from $118.00 to $101.50 and set a “buy” rating on the stock in a research note on Wednesday, May 31st. Evercore ISI reaffirmed an “underperform” rating and set a $85.00 price target on shares of Automatic Data Processing in a research note on Friday, June 2nd. Goldman Sachs Group, Inc. (The) downgraded shares of Automatic Data Processing from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $115.00 to $108.00 in a research note on Tuesday, June 20th. Finally, Zacks Investment Research downgraded shares of Automatic Data Processing from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The company currently 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 stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $100.01, for a total value of $4,939,693.92. Following the completion of the transaction, the chief executive officer now owns 159,403 shares in the company, valued at approximately $15,941,894.03. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael A. Bonarti sold 2,932 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $101.98, for a total transaction of $299,005.36. Following the completion of the transaction, the insider now owns 46,256 shares of the company’s stock, valued at approximately $4,717,186.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,620 shares of company stock valued at $9,435,757.

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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