Calamos Advisors LLC Sells 1,402 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Calamos Advisors LLC lowered its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 107,346 shares of the business services provider’s stock after selling 1,402 shares during the quarter. Calamos Advisors LLC’s holdings in Automatic Data Processing were worth $25,008,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its position in shares of Automatic Data Processing by 34.7% in the third quarter. Financial Management Professionals Inc. now owns 159 shares of the business services provider’s stock worth $38,000 after purchasing an additional 41 shares in the last quarter. Argus Investors Counsel Inc. lifted its position in shares of Automatic Data Processing by 0.5% in the fourth quarter. Argus Investors Counsel Inc. now owns 8,863 shares of the business services provider’s stock worth $2,065,000 after purchasing an additional 43 shares in the last quarter. Trust Co. of Toledo NA OH lifted its position in shares of Automatic Data Processing by 0.5% in the third quarter. Trust Co. of Toledo NA OH now owns 8,292 shares of the business services provider’s stock worth $1,995,000 after purchasing an additional 45 shares in the last quarter. Signet Financial Management LLC lifted its position in shares of Automatic Data Processing by 1.3% in the fourth quarter. Signet Financial Management LLC now owns 3,587 shares of the business services provider’s stock worth $857,000 after purchasing an additional 45 shares in the last quarter. Finally, Schechter Investment Advisors LLC lifted its position in shares of Automatic Data Processing by 1.1% in the third quarter. Schechter Investment Advisors LLC now owns 4,151 shares of the business services provider’s stock worth $999,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.

Insider Buying and Selling

In other Automatic Data Processing 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 sale, the vice president now directly owns 20,319 shares in the company, valued at $5,018,996.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Automatic Data Processing 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 sale, the vice president now directly owns 20,319 shares in the company, valued at $5,018,996.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Joseph Desilva sold 1,904 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $255.00, for a total transaction of $485,520.00. Following the sale, the vice president now owns 17,179 shares in the company, valued at $4,380,645. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,162 shares of company stock valued at $3,741,859. 0.26% of the stock is owned by company insiders.

Automatic Data Processing Stock Performance

Shares of ADP traded up $0.98 during trading hours on Friday, hitting $242.97. The company had a trading volume of 189,344 shares, compared to its average volume of 1,797,402. The firm has a market cap of $99.81 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 2.28 and a beta of 0.78. The business has a fifty day moving average of $247.36 and a 200-day moving average of $239.20. Automatic Data Processing, Inc. has a 12 month low of $201.46 and a 12 month high of $256.84. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.69.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, January 31st. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the firm earned $1.96 earnings per share. Automatic Data Processing’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts anticipate that Automatic Data Processing, Inc. will post 9.14 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Friday, June 14th. Automatic Data Processing’s dividend payout ratio is 65.19%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Wolfe Research raised shares of Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. Evercore ISI boosted their target price on shares of Automatic Data Processing from $227.00 to $235.00 and gave the stock an “underperform” rating in a report on Tuesday, March 26th. StockNews.com downgraded shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Mizuho boosted their target price on shares of Automatic Data Processing from $265.00 to $272.00 and gave the stock a “buy” rating in a report on Monday, March 11th. Finally, Bank of America upgraded shares of Automatic Data Processing from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $217.00 to $243.00 in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and an average target price of $254.58.

About Automatic Data Processing

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.