Key Client Fiduciary Advisors LLC Reduces Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Key Client Fiduciary Advisors LLC trimmed its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,098 shares of the business services provider’s stock after selling 48 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Automatic Data Processing were worth $1,200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ADP. Apeiron RIA LLC boosted its holdings in shares of Automatic Data Processing by 2.8% during the fourth quarter. Apeiron RIA LLC now owns 2,230 shares of the business services provider’s stock worth $653,000 after purchasing an additional 61 shares during the period. Veracity Capital LLC raised its position in Automatic Data Processing by 19.5% during the 4th quarter. Veracity Capital LLC now owns 881 shares of the business services provider’s stock valued at $258,000 after purchasing an additional 144 shares during the last quarter. Donoghue Forlines LLC purchased a new stake in Automatic Data Processing in the 4th quarter worth approximately $2,079,000. Beacon Investment Advisory Services Inc. lifted its holdings in Automatic Data Processing by 1.6% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 20,459 shares of the business services provider’s stock worth $5,989,000 after buying an additional 325 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of Automatic Data Processing by 1.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 193,065 shares of the business services provider’s stock worth $56,516,000 after buying an additional 2,854 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Sreenivasa Kutam sold 38,975 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $300.00, for a total transaction of $11,692,500.00. Following the sale, the vice president now directly owns 32,604 shares in the company, valued at approximately $9,781,200. This trade represents a 54.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Brian L. Michaud sold 362 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $293.83, for a total value of $106,366.46. Following the completion of the transaction, the vice president now owns 13,706 shares of the company’s stock, valued at $4,027,233.98. This represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,129 shares of company stock worth $12,604,872. 0.21% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. Royal Bank of Canada raised their price target on Automatic Data Processing from $267.00 to $315.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 31st. StockNews.com raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Sunday, January 19th. Barclays boosted their price target on shares of Automatic Data Processing from $310.00 to $325.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Mizuho raised their price objective on shares of Automatic Data Processing from $281.00 to $310.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, UBS Group lifted their price objective on Automatic Data Processing from $270.00 to $295.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $289.91.

Automatic Data Processing Price Performance

ADP stock opened at $295.80 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a 50 day moving average price of $297.27 and a 200-day moving average price of $281.56. Automatic Data Processing, Inc. has a 52-week low of $231.27 and a 52-week high of $309.63. The firm has a market capitalization of $120.53 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 3.47 and a beta of 0.79.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.12. Automatic Data Processing had a return on equity of 82.36% and a net margin of 19.72%. The business had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.77 billion. During the same quarter in the previous year, the business earned $2.08 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities research analysts forecast that Automatic Data Processing, Inc. will post 9.94 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a yield of 2.08%. The ex-dividend date is Friday, March 14th. Automatic Data Processing’s dividend payout ratio (DPR) is 65.74%.

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.