Bokf Na cut its stake in shares of Automatic Data Processing (NASDAQ:ADP) by 3.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,651 shares of the business services provider’s stock after selling 2,099 shares during the period. Bokf Na’s holdings in Automatic Data Processing were worth $7,297,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADP. Cerebellum GP LLC lifted its stake in Automatic Data Processing by 1,376.9% in the fourth quarter. Cerebellum GP LLC now owns 192 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 179 shares during the last quarter. Tributary Capital Management LLC acquired a new stake in Automatic Data Processing in the fourth quarter valued at approximately $26,000. AlphaMark Advisors LLC lifted its stake in Automatic Data Processing by 319.1% in the fourth quarter. AlphaMark Advisors LLC now owns 197 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 150 shares during the last quarter. Horan Securities Inc. acquired a new stake in Automatic Data Processing in the fourth quarter valued at approximately $31,000. Finally, Moody National Bank Trust Division acquired a new stake in shares of Automatic Data Processing in the fourth quarter worth $37,000. 80.96% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Carlos A. Rodriguez sold 36,364 shares of the business’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $149.05, for a total transaction of $5,420,054.20. Following the transaction, the chief executive officer now owns 148,842 shares of the company’s stock, valued at $22,184,900.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brock Albinson sold 4,389 shares of the business’s stock in a transaction on Wednesday, January 2nd. The stock was 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 in the company, valued at approximately $1,050,576. The disclosure for this sale can be found here. Insiders have sold 120,111 shares of company stock worth $17,047,463 in the last ninety days. 0.33% of the stock is currently owned by insiders.

Separately, Zacks Investment Research upgraded shares of Automatic Data Processing from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Automatic Data Processing presently has an average rating of “Buy” and an average price target of $151.87.

Shares of Automatic Data Processing stock opened at $155.31 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. Automatic Data Processing has a 1-year low of $109.14 and a 1-year high of $155.36. The firm has a market capitalization of $67.66 billion, a PE ratio of 35.70, a PEG ratio of 2.22 and a beta of 0.96.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, January 30th. The business services provider reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.16. Automatic Data Processing had a net margin of 13.12% and a return on equity of 51.92%. The business had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the previous year, the company earned $1.03 earnings per share. Automatic Data Processing’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, analysts anticipate that Automatic Data Processing will post 5.37 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 8th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, March 7th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 72.64%.

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Automatic Data Processing Company 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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