LS Investment Advisors LLC lessened its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 19.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,226 shares of the business services provider’s stock after selling 10,664 shares during the period. LS Investment Advisors LLC’s holdings in Automatic Data Processing were worth $4,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Acrospire Investment Management LLC bought a new position in Automatic Data Processing in the 2nd quarter valued at approximately $102,000. Proficio Capital Partners LLC lifted its stake in Automatic Data Processing by 1.8% in the 2nd quarter. Proficio Capital Partners LLC now owns 964 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 17 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in Automatic Data Processing in the 1st quarter valued at approximately $113,000. Grove Bank & Trust lifted its stake in Automatic Data Processing by 16.4% in the 2nd quarter. Grove Bank & Trust now owns 1,208 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 170 shares during the last quarter. Finally, Armbruster Capital Management Inc. lifted its stake in Automatic Data Processing by 2.5% in the 2nd quarter. Armbruster Capital Management Inc. now owns 1,322 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 32 shares during the last quarter. 78.64% of the stock is owned by institutional investors.

Shares of Automatic Data Processing, Inc. (NASDAQ ADP) opened at $113.75 on Friday. Automatic Data Processing, Inc. has a 12-month low of $94.11 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 firm has a market cap of $50,761.83, a price-to-earnings ratio of 30.60, a PEG ratio of 2.93 and a beta of 0.85.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.06. Automatic Data Processing had a net margin of 14.08% and a return on equity of 42.34%. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the prior year, the company posted $0.86 earnings per share. Automatic Data Processing’s revenue for the quarter was up 5.6% compared to the same quarter last year. research analysts anticipate 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. Stockholders of record on Friday, December 8th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, December 7th. This is a boost from Automatic Data Processing’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a dividend yield of 2.22%. Automatic Data Processing’s dividend payout ratio is 58.02%.

ADP has been the subject of several research reports. BidaskClub raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. BMO Capital Markets dropped their price objective on shares of Automatic Data Processing from $122.00 to $114.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Bank of America upped their price target on shares of Automatic Data Processing from $111.00 to $114.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. Barclays restated an “equal weight” rating and issued a $105.00 price target on shares of Automatic Data Processing in a research report on Tuesday, August 15th. Finally, Citigroup restated a “neutral” rating and issued a $110.00 price target (up from $98.00) on shares of Automatic Data Processing in a research report on Thursday, August 17th. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $112.37.

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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.

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

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