Guyasuta Investment Advisors Inc. Sells 1,663 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Guyasuta Investment Advisors Inc. lowered its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,770 shares of the business services provider’s stock after selling 1,663 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Automatic Data Processing were worth $13,692,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ADP. OFI Invest Asset Management bought a new stake in Automatic Data Processing in the 3rd quarter worth approximately $25,000. Fortitude Family Office LLC bought a new stake in Automatic Data Processing in the 4th quarter worth approximately $35,000. Evolution Advisers Inc. bought a new stake in Automatic Data Processing in the 4th quarter worth approximately $41,000. Raleigh Capital Management Inc. grew its position in Automatic Data Processing by 106.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 173 shares of the business services provider’s stock worth $42,000 after purchasing an additional 89 shares during the period. Finally, Bfsg LLC bought a new stake in Automatic Data Processing in the 4th quarter worth approximately $42,000. Institutional investors own 80.03% of the company’s stock.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Don Mcguire sold 11,333 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.00, for a total value of $2,776,585.00. Following the transaction, the vice president now directly owns 19,906 shares in the company, valued at approximately $4,876,970. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Don Mcguire sold 11,333 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.00, for a total value of $2,776,585.00. Following the completion of the sale, the vice president now owns 19,906 shares of the company’s stock, valued at approximately $4,876,970. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joseph Desilva sold 1,904 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $255.00, for a total transaction of $485,520.00. Following the completion of the sale, the vice president now directly owns 17,179 shares of the company’s stock, valued at approximately $4,380,645. The disclosure for this sale can be found here. Insiders have sold 15,162 shares of company stock worth $3,741,859 in the last three months. Corporate insiders own 0.26% of the company’s stock.

Automatic Data Processing Price Performance

Shares of Automatic Data Processing stock traded up $0.57 during trading hours on Monday, reaching $243.64. The company’s stock had a trading volume of 478,346 shares, compared to its average volume of 1,777,603. The stock has a market cap of $100.09 billion, a P/E ratio of 28.30, a P/E/G ratio of 2.28 and a beta of 0.78. Automatic Data Processing, Inc. has a one year low of $205.53 and a one year high of $256.84. The firm has a 50 day moving average price of $246.70 and a 200-day moving average price of $239.12. 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 (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, January 31st. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. The company had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.65 billion. Automatic Data Processing had a net margin of 19.14% and a return on equity of 95.22%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.96 EPS. On average, analysts predict that Automatic Data Processing, Inc. will post 9.14 EPS for the current year.

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued 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 yield of 2.30%. Automatic Data Processing’s payout ratio is 65.19%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $267.00 target price on shares of Automatic Data Processing in a research report on Thursday, February 1st. Mizuho lifted their target price on shares of Automatic Data Processing from $265.00 to $272.00 and gave the company a “buy” rating in a research note on Monday, March 11th. StockNews.com cut shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Evercore ISI lifted their target price on shares of Automatic Data Processing from $227.00 to $235.00 and gave the company an “underperform” rating in a research note on Tuesday, March 26th. Finally, Wolfe Research upgraded shares of Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Automatic Data Processing currently has an average rating of “Hold” and a consensus price target of $258.36.

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.