Boston Financial Mangement LLC lessened its position in shares of Automatic Data Processing (NASDAQ:ADP) by 2.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 124,805 shares of the business services provider’s stock after selling 2,888 shares during the quarter. Boston Financial Mangement LLC’s holdings in Automatic Data Processing were worth $14,626,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. 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 valued at $3,586,099,000 after purchasing 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 valued at $3,060,398,000 after purchasing an additional 237,439 shares during the last quarter. Pershing Square Capital Management L.P. raised its stake in Automatic Data Processing by 402.5% in the 3rd quarter. Pershing Square Capital Management L.P. now owns 8,798,442 shares of the business services provider’s stock valued at $961,846,000 after purchasing an additional 7,047,575 shares during the last quarter. Polen Capital Management LLC raised its stake in Automatic Data Processing by 2.3% in the 3rd quarter. Polen Capital Management LLC now owns 6,813,929 shares of the business services provider’s stock valued at $744,899,000 after purchasing an additional 152,027 shares during the last quarter. Finally, 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 valued at $696,182,000 after purchasing an additional 190,717 shares during the last quarter. 78.70% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing (NASDAQ:ADP) opened at $108.25 on Friday. Automatic Data Processing has a one year low of $95.50 and a one year high of $125.24. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. The company has a market cap of $48,010.00, a PE ratio of 28.04, a PEG ratio of 2.51 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, January 31st. The business services provider reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.10. Automatic Data Processing had a net margin of 14.45% and a return on equity of 47.56%. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the prior year, the company posted $0.87 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. sell-side analysts forecast that Automatic Data Processing will post 4.1 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Thursday, March 8th. Automatic Data Processing’s dividend payout ratio is currently 65.28%.

In other news, insider Michael A. Bonarti sold 28,930 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $122.12, for a total transaction of $3,532,931.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Donald Weinstein sold 2,275 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $116.03, for a total value of $263,968.25. Following the sale, the vice president now owns 27,399 shares of the company’s stock, valued at approximately $3,179,105.97. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 149,767 shares of company stock valued at $17,801,722. Corporate insiders own 0.25% of the company’s stock.

Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a research note on Monday. Royal Bank of Canada reissued a “neutral” rating on shares of Automatic Data Processing in a research note on Thursday, February 1st. BMO Capital Markets cut their target price on shares of Automatic Data Processing from $122.00 to $121.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. Barclays boosted their target price on shares of Automatic Data Processing from $121.00 to $128.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Finally, Stifel Nicolaus boosted their target price on shares of Automatic Data Processing from $113.00 to $133.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Automatic Data Processing has a consensus rating of “Hold” and a consensus target price of $118.43.

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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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