Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC trimmed its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,450 shares of the business services provider’s stock after selling 482 shares during the quarter. Avior Wealth Management LLC’s holdings in Automatic Data Processing were worth $3,366,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in shares of Automatic Data Processing during the 3rd quarter worth approximately $25,000. Coppell Advisory Solutions LLC acquired a new position in shares of Automatic Data Processing during the 2nd quarter worth approximately $30,000. Coppell Advisory Solutions Corp. acquired a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $33,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Automatic Data Processing during the 1st quarter worth approximately $31,000. Finally, Fortitude Family Office LLC acquired a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $35,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Automatic Data Processing

In other news, VP Don Mcguire sold 11,333 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.00, for a total transaction of $2,776,585.00. Following the completion of the sale, the vice president now owns 19,906 shares in the company, valued at $4,876,970. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Sreenivasa Kutam sold 368 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $247.01, for a total transaction of $90,899.68. Following the completion of the transaction, the vice president now directly owns 20,319 shares of the company’s stock, valued at $5,018,996.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Don Mcguire sold 11,333 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.00, for a total transaction of $2,776,585.00. Following the completion of the transaction, the vice president now directly owns 19,906 shares of the company’s stock, valued at $4,876,970. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,162 shares of company stock worth $3,741,859. Company insiders own 0.26% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $244.62 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.01 and a quick ratio of 1.01. Automatic Data Processing, Inc. has a 1 year low of $201.46 and a 1 year high of $256.84. The company has a market capitalization of $100.49 billion, a PE ratio of 28.43, a P/E/G ratio of 2.29 and a beta of 0.78. The company has a fifty day moving average of $247.69 and a two-hundred day moving average of $239.16.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, January 31st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. Automatic Data Processing had a net margin of 19.14% and a return on equity of 95.22%. The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the prior year, the firm posted $1.96 earnings per share. Automatic Data Processing’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, analysts expect that Automatic Data Processing, Inc. will post 9.14 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a dividend of $1.40 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $5.60 annualized dividend and a dividend yield of 2.29%. Automatic Data Processing’s dividend payout ratio (DPR) is 65.19%.

Analyst Ratings Changes

Several analysts have recently commented on ADP shares. StockNews.com lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Evercore ISI lifted their price target on shares of Automatic Data Processing from $227.00 to $235.00 and gave the company an “underperform” rating in a research report on Tuesday, March 26th. Bank of America raised shares of Automatic Data Processing from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $217.00 to $243.00 in a research report on Wednesday, January 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $267.00 price target on shares of Automatic Data Processing in a research report on Thursday, February 1st. Finally, Mizuho lifted their price target on shares of Automatic Data Processing from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Monday, March 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $254.58.

Automatic Data Processing Company Profile

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