Princeton Portfolio Strategies Group LLC grew its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 17,567 shares of the business services provider’s stock after purchasing an additional 192 shares during the quarter. Princeton Portfolio Strategies Group LLC’s holdings in Automatic Data Processing were worth $1,800,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of ADP. Arrowstreet Capital Limited Partnership boosted its stake in shares of Automatic Data Processing by 671.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,245,110 shares of the business services provider’s stock worth $127,574,000 after acquiring an additional 1,083,799 shares in the last quarter. Gyroscope Capital Management Group LLC bought a new stake in shares of Automatic Data Processing during the 2nd quarter worth $356,000. Moors & Cabot Inc. boosted its stake in shares of Automatic Data Processing by 8.4% during the 2nd quarter. Moors & Cabot Inc. now owns 6,079 shares of the business services provider’s stock worth $621,000 after acquiring an additional 470 shares in the last quarter. Caxton Associates LP bought a new stake in shares of Automatic Data Processing during the 2nd quarter worth $594,000. Finally, Earnest Partners LLC boosted its stake in shares of Automatic Data Processing by 1.0% during the 2nd quarter. Earnest Partners LLC now owns 157,158 shares of the business services provider’s stock worth $16,102,000 after acquiring an additional 1,564 shares in the last quarter. Institutional investors own 78.41% of the company’s stock.

Several research firms have recently weighed in on ADP. BMO Capital Markets reissued a “market perform” rating and set a $105.00 price objective on shares of Automatic Data Processing in a research note on Wednesday, August 9th. Wells Fargo & Company reissued a “market perform” rating on shares of Automatic Data Processing in a research note on Wednesday, August 9th. Morgan Stanley reissued an “equal weight” rating on shares of Automatic Data Processing in a research note on Wednesday, November 15th. BidaskClub raised Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Finally, Royal Bank Of Canada raised their price objective on Automatic Data Processing from $94.00 to $95.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 1st. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $112.37.

Shares of Automatic Data Processing, Inc. (ADP) opened at $110.56 on Wednesday. The company has a market capitalization of $49,018.91, a price-to-earnings ratio of 29.55, a PEG ratio of 2.83 and a beta of 0.87. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.51. Automatic Data Processing, Inc. has a 12-month low of $94.11 and a 12-month high of $121.77.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 8th will be given a dividend of $0.63 per share. This is a boost from Automatic Data Processing’s previous quarterly dividend of $0.57. The ex-dividend date is Thursday, December 7th. This represents a $2.52 dividend on an annualized basis and a yield of 2.28%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 58.02%.

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

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

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