Oxbow Advisors LLC Boosts Stake in Automatic Data Processing, Inc. (NASDAQ:ADP)

Oxbow Advisors LLC increased its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.1% in the 4th quarter, Holdings Channel reports. The firm owned 6,173 shares of the business services provider’s stock after buying an additional 68 shares during the period. Oxbow Advisors LLC’s holdings in Automatic Data Processing were worth $1,807,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in ADP. Itau Unibanco Holding S.A. purchased a new stake in Automatic Data Processing during the 3rd quarter valued at approximately $26,000. Dunhill Financial LLC increased its position in Automatic Data Processing by 346.5% during the 3rd quarter. Dunhill Financial LLC now owns 106 shares of the business services provider’s stock worth $29,000 after purchasing an additional 149 shares during the period. Capital Performance Advisors LLP acquired a new position in Automatic Data Processing during the 3rd quarter worth approximately $35,000. Sugar Maple Asset Management LLC acquired a new position in Automatic Data Processing during the 4th quarter worth approximately $37,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in Automatic Data Processing during the 4th quarter worth approximately $37,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Brian L. Michaud sold 362 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $293.83, for a total transaction of $106,366.46. Following 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jonathan S. Lehberger sold 2,324 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $303.30, for a total value of $704,869.20. Following the transaction, the vice president now directly owns 3,063 shares in the company, valued at approximately $929,007.90. This represents a 43.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,478 shares of company stock worth $1,617,241. 0.21% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on ADP. Mizuho boosted their target price on Automatic Data Processing from $281.00 to $310.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. TD Cowen boosted their target price on Automatic Data Processing from $276.00 to $285.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Barclays upped their price target on Automatic Data Processing from $325.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Jefferies Financial Group upped their price target on Automatic Data Processing from $290.00 to $305.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $315.00 price target on shares of Automatic Data Processing in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Automatic Data Processing presently has a consensus rating of “Hold” and a consensus target price of $293.55.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $310.76 on Friday. The business’s fifty day moving average price is $298.72 and its two-hundred day moving average price is $290.11. The stock has a market cap of $126.62 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 3.65 and a beta of 0.79. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.00 and a current ratio of 1.00. Automatic Data Processing, Inc. has a one year low of $231.27 and a one year high of $313.72.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, January 29th. The business services provider reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. On average, analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Friday, March 14th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 64.23%.

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.