IFP Advisors Inc Acquires 3,047 Shares of Automatic Data Processing (ADP)

IFP Advisors Inc raised its holdings in Automatic Data Processing (NASDAQ:ADP) by 35.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,710 shares of the business services provider’s stock after purchasing an additional 3,047 shares during the quarter. IFP Advisors Inc’s holdings in Automatic Data Processing were worth $1,764,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ADP. Atria Investments LLC raised its position in shares of Automatic Data Processing by 1.3% in the third quarter. Atria Investments LLC now owns 27,201 shares of the business services provider’s stock worth $4,098,000 after acquiring an additional 350 shares during the period. Spearhead Capital Advisors LLC raised its position in shares of Automatic Data Processing by 0.8% in the third quarter. Spearhead Capital Advisors LLC now owns 47,246 shares of the business services provider’s stock worth $7,054,000 after acquiring an additional 373 shares during the period. First Midwest Bank Trust Division raised its position in shares of Automatic Data Processing by 5.1% in the second quarter. First Midwest Bank Trust Division now owns 7,859 shares of the business services provider’s stock worth $1,054,000 after acquiring an additional 380 shares during the period. Windward Capital Management Co. CA raised its position in shares of Automatic Data Processing by 2.0% in the third quarter. Windward Capital Management Co. CA now owns 19,624 shares of the business services provider’s stock worth $2,957,000 after acquiring an additional 389 shares during the period. Finally, Bbva Compass Bancshares Inc. raised its position in shares of Automatic Data Processing by 2.1% in the second quarter. Bbva Compass Bancshares Inc. now owns 19,489 shares of the business services provider’s stock worth $2,614,000 after acquiring an additional 392 shares during the period. 77.89% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on ADP shares. Jefferies Financial Group started coverage on shares of Automatic Data Processing in a research report on Monday, October 1st. They issued a “hold” rating and a $160.00 price objective for the company. Guggenheim started coverage on shares of Automatic Data Processing in a research report on Monday, August 20th. They issued a “buy” rating and a $175.00 price objective for the company. Zacks Investment Research downgraded shares of Automatic Data Processing from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Moffett Nathanson initiated coverage on shares of Automatic Data Processing in a research report on Thursday, October 4th. They issued a “buy” rating and a $180.00 price objective for the company. Finally, Argus upped their price target on shares of Automatic Data Processing from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, August 13th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $144.47.



ADP opened at $135.30 on Tuesday. Automatic Data Processing has a twelve month low of $107.61 and a twelve month high of $153.51. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $59.64 billion, a P/E ratio of 31.42, a P/E/G ratio of 2.15 and a beta of 0.92.

The business also recently declared a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 14th were given a dividend of $0.69 per share. The ex-dividend date was Thursday, September 13th. This represents a $2.76 annualized dividend and a dividend yield of 2.04%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 63.45%.

In other Automatic Data Processing news, VP Don Mcguire sold 1,140 shares of the stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $145.78, for a total value of $166,189.20. Following the completion of the sale, the vice president now owns 6,476 shares in the company, valued at approximately $944,071.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Michael C. Eberhard sold 9,100 shares of the stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $150.00, for a total transaction of $1,365,000.00. Following the completion of the sale, the vice president now owns 48,468 shares of the company’s stock, valued at approximately $7,270,200. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,919 shares of company stock valued at $2,351,933. Insiders own 0.33% of the company’s stock.

Automatic Data Processing Profile

Automatic Data Processing, Inc provides business process outsourcing services worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) outsourcing and technology-based human capital management solutions.

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Institutional Ownership by Quarter for Automatic Data Processing (NASDAQ:ADP)

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