Capital World Investors held its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,749,000 shares of the business services provider’s stock at the close of the 2nd quarter. Capital World Investors owned 0.39% of Automatic Data Processing worth $179,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of ADP. Vanguard Group Inc. raised its stake in Automatic Data Processing by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 34,999,981 shares of the business services provider’s stock worth $3,586,099,000 after acquiring an additional 811,960 shares during the last quarter. BlackRock Inc. raised its stake in Automatic Data Processing by 0.8% in the 2nd quarter. BlackRock Inc. now owns 29,869,208 shares of the business services provider’s stock worth $3,060,398,000 after acquiring an additional 237,439 shares during the last quarter. Alliancebernstein L.P. raised its stake in Automatic Data Processing by 6.2% in the 1st quarter. Alliancebernstein L.P. now owns 8,345,691 shares of the business services provider’s stock worth $854,515,000 after acquiring an additional 485,320 shares during the last quarter. Wells Fargo & Company MN raised its stake in Automatic Data Processing by 2.9% in the 2nd quarter. Wells Fargo & Company MN now owns 6,794,660 shares of the business services provider’s stock worth $696,182,000 after acquiring an additional 190,717 shares during the last quarter. Finally, Polen Capital Management LLC raised its stake in Automatic Data Processing by 6.6% in the 2nd quarter. Polen Capital Management LLC now owns 6,661,902 shares of the business services provider’s stock worth $682,578,000 after acquiring an additional 411,369 shares during the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

In related news, VP Maria Black sold 631 shares of Automatic Data Processing stock in a transaction dated Saturday, September 2nd. The stock was sold at an average price of $106.64, for a total value of $67,289.84. Following the sale, the vice president now directly owns 10,550 shares in the company, valued at approximately $1,125,052. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Brock Albinson sold 3,663 shares of Automatic Data Processing stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $106.54, for a total value of $390,256.02. Following the completion of the sale, the vice president now owns 6,287 shares in the company, valued at $669,816.98. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.

A number of equities analysts recently issued reports on ADP shares. BidaskClub lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. William Blair lowered Automatic Data Processing from an “outperform” rating to a “market perform” rating in a research note on Friday, July 21st. Deutsche Bank AG restated a “hold” rating and issued a $102.00 target price on shares of Automatic Data Processing in a research note on Monday, August 21st. Sanford C. Bernstein increased their price target on Automatic Data Processing from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Finally, Barclays PLC increased their price target on Automatic Data Processing from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $112.37.

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Shares of Automatic Data Processing, Inc. (NASDAQ:ADP) opened at $111.06 on Friday. Automatic Data Processing, Inc. has a 12-month low of $93.95 and a 12-month high of $121.77. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $49,240.00, a PE ratio of 29.97, a PEG ratio of 2.87 and a beta of 0.88.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Thursday, November 2nd. The business services provider reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.06. Automatic Data Processing had a return on equity of 42.34% and a net margin of 14.08%. The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same period last year, the firm earned $0.86 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. analysts predict that Automatic Data Processing, Inc. will post 3.91 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 8th will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, December 7th. This is a boost from Automatic Data Processing’s previous quarterly dividend of $0.57. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.27%. Automatic Data Processing’s dividend payout ratio (DPR) is 57.87%.

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

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