Radnor Capital Management LLC increased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,916 shares of the business services provider’s stock after buying an additional 250 shares during the period. Radnor Capital Management LLC’s holdings in Automatic Data Processing were worth $1,571,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADP. Morgan Stanley boosted its position in Automatic Data Processing by 17.4% during the third quarter. Morgan Stanley now owns 13,551,926 shares of the business services provider’s stock worth $1,890,357,000 after acquiring an additional 2,004,886 shares during the last quarter. California Public Employees Retirement System raised its stake in Automatic Data Processing by 2.2% in the third quarter. California Public Employees Retirement System now owns 2,422,081 shares of the business services provider’s stock valued at $337,856,000 after purchasing an additional 51,592 shares in the last quarter. Jensen Investment Management Inc. grew its position in Automatic Data Processing by 29.4% in the third quarter. Jensen Investment Management Inc. now owns 1,807,026 shares of the business services provider’s stock valued at $252,062,000 after acquiring an additional 410,732 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Automatic Data Processing by 9.6% during the third quarter. CIBC Private Wealth Group LLC now owns 1,628,832 shares of the business services provider’s stock worth $227,245,000 after purchasing an additional 143,164 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Automatic Data Processing by 118.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,368,471 shares of the business services provider’s stock valued at $190,888,000 after acquiring an additional 741,879 shares during the last quarter. Institutional investors own 79.65% of the company’s stock.

Shares of Automatic Data Processing stock traded down $3.59 on Wednesday, reaching $165.47. 113,223 shares of the company’s stock were exchanged, compared to its average volume of 1,787,441. The company has a market capitalization of $70.96 billion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 2.53 and a beta of 0.70. Automatic Data Processing, Inc. has a 52 week low of $103.11 and a 52 week high of $182.32. The firm’s 50-day moving average is $174.21 and its two-hundred day moving average is $153.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.08 and a current ratio of 1.08.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, October 28th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.44. Automatic Data Processing had a return on equity of 46.13% and a net margin of 17.07%. The company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the business earned $1.34 EPS. On average, analysts expect that Automatic Data Processing, Inc. will post 5.64 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 1st. Investors of record on Friday, December 11th were issued a $0.93 dividend. This is a boost from Automatic Data Processing’s previous quarterly dividend of $0.91. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Thursday, December 10th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 62.84%.

In other Automatic Data Processing news, VP Deborah L. Dyson sold 600 shares of the firm’s stock in a transaction on Monday, January 11th. The stock was sold at an average price of $170.93, for a total transaction of $102,558.00. Following the transaction, the vice president now directly owns 24,786 shares in the company, valued at approximately $4,236,670.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Joseph Desilva sold 450 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $160.00, for a total value of $72,000.00. Following the transaction, the vice president now owns 2,855 shares in the company, valued at $456,800. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,731 shares of company stock worth $12,957,058. 0.34% of the stock is owned by company insiders.

ADP has been the subject of several research reports. Morgan Stanley increased their price target on Automatic Data Processing from $147.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 29th. Jefferies Financial Group boosted their price target on Automatic Data Processing from $135.00 to $168.00 and gave the company a “hold” rating in a report on Wednesday, October 28th. Cowen downgraded Automatic Data Processing from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $150.00 to $143.00 in a research report on Monday, September 21st. Credit Suisse Group increased their target price on Automatic Data Processing from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, November 9th. Finally, BidaskClub lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 5th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $158.00.

About Automatic Data Processing

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

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

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