Culbertson A N & Co. Inc. cut its position in shares of Automatic Data Processing (NASDAQ:ADP) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,232 shares of the business services provider’s stock after selling 969 shares during the quarter. Automatic Data Processing comprises about 1.2% of Culbertson A N & Co. Inc.’s holdings, making the stock its 28th largest position. Culbertson A N & Co. Inc.’s holdings in Automatic Data Processing were worth $3,702,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADP. Vanguard Group Inc. grew its holdings in Automatic Data Processing by 1.2% in the third quarter. Vanguard Group Inc. now owns 36,946,069 shares of the business services provider’s stock worth $5,566,295,000 after purchasing an additional 425,007 shares during the period. Vanguard Group Inc grew its holdings in Automatic Data Processing by 1.2% in the third quarter. Vanguard Group Inc now owns 36,946,069 shares of the business services provider’s stock worth $5,566,295,000 after purchasing an additional 425,007 shares during the period. Bank of New York Mellon Corp grew its holdings in Automatic Data Processing by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 9,605,668 shares of the business services provider’s stock worth $1,447,190,000 after purchasing an additional 121,162 shares during the period. JPMorgan Chase & Co. grew its holdings in Automatic Data Processing by 213.1% in the third quarter. JPMorgan Chase & Co. now owns 8,639,847 shares of the business services provider’s stock worth $1,301,682,000 after purchasing an additional 5,880,242 shares during the period. Finally, Deutsche Bank AG grew its holdings in Automatic Data Processing by 36.3% in the third quarter. Deutsche Bank AG now owns 2,546,248 shares of the business services provider’s stock worth $383,612,000 after purchasing an additional 678,657 shares during the period. Institutional investors own 77.82% of the company’s stock.

Automatic Data Processing stock opened at $135.50 on Tuesday. Automatic Data Processing has a 1-year low of $107.61 and a 1-year high of $153.51. The firm has a market capitalization of $59.71 billion, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 2.07 and a beta of 0.95. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.03 and a current ratio of 1.03.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, October 31st. The business services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.09. Automatic Data Processing had a net margin of 12.71% and a return on equity of 50.96%. The firm had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the firm earned $0.94 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts predict that Automatic Data Processing will post 5.27 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Thursday, March 7th. Automatic Data Processing’s dividend payout ratio (DPR) is 72.64%.

In related news, VP Brock Albinson sold 4,389 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $129.00, for a total transaction of $566,181.00. Following the transaction, the vice president now directly owns 8,144 shares of the company’s stock, valued at $1,050,576. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Carlos A. Rodriguez sold 101,620 shares of the firm’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $147.46, for a total transaction of $14,984,885.20. Following the transaction, the chief executive officer now directly owns 199,405 shares in the company, valued at $29,404,261.30. The disclosure for this sale can be found here. Insiders sold 201,837 shares of company stock worth $29,024,577 over the last ninety days. Insiders own 0.33% of the company’s stock.

A number of equities research analysts have commented on ADP shares. Zacks Investment Research restated a “hold” rating on shares of Automatic Data Processing in a report on Monday, November 12th. Jefferies Financial Group raised their price target on shares of Automatic Data Processing to $167.00 and gave the stock a “hold” rating in a report on Thursday, November 1st. Citigroup raised their price objective on shares of Automatic Data Processing from $137.00 to $147.00 and gave the company a “neutral” rating in a research note on Thursday, November 1st. Moffett Nathanson assumed coverage on shares of Automatic Data Processing in a research note on Thursday, October 4th. They issued a “buy” rating and a $180.00 price objective on the stock. Finally, BMO Capital Markets dropped their price objective on shares of Automatic Data Processing from $155.00 to $150.00 and set a “market perform” rating on the stock in a research note on Thursday, November 1st. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $151.87.

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Automatic Data Processing Profile

Automatic Data Processing, Inc provides business process outsourcing services worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) outsourcing and technology-based human capital management solutions.

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

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