Tdam USA Inc. Sells 7,538 Shares of Automatic Data Processing (ADP)

Tdam USA Inc. trimmed its position in Automatic Data Processing (NASDAQ:ADP) by 12.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,444 shares of the business services provider’s stock after selling 7,538 shares during the quarter. Tdam USA Inc.’s holdings in Automatic Data Processing were worth $6,876,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ADP. Cozad Asset Management Inc. grew its holdings in Automatic Data Processing by 1.8% during the 4th quarter. Cozad Asset Management Inc. now owns 4,570 shares of the business services provider’s stock valued at $599,000 after buying an additional 81 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in Automatic Data Processing by 1.9% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,517 shares of the business services provider’s stock valued at $593,000 after buying an additional 83 shares in the last quarter. Orca Investment Management LLC grew its holdings in Automatic Data Processing by 2.1% during the 4th quarter. Orca Investment Management LLC now owns 4,155 shares of the business services provider’s stock valued at $545,000 after buying an additional 84 shares in the last quarter. BKD Wealth Advisors LLC grew its holdings in Automatic Data Processing by 3.9% during the 4th quarter. BKD Wealth Advisors LLC now owns 2,326 shares of the business services provider’s stock valued at $305,000 after buying an additional 88 shares in the last quarter. Finally, Joel Isaacson & Co. LLC grew its holdings in Automatic Data Processing by 2.7% during the 4th quarter. Joel Isaacson & Co. LLC now owns 3,789 shares of the business services provider’s stock valued at $499,000 after buying an additional 99 shares in the last quarter. 83.57% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on ADP shares. Barclays started coverage on shares of Automatic Data Processing in a report on Wednesday, November 14th. They set an “overweight” rating and a $168.00 price objective for the company. Zacks Investment Research raised shares of Automatic Data Processing from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Jefferies Financial Group raised their target price on shares of Automatic Data Processing to $167.00 and gave the company a “hold” rating in a report on Thursday, November 1st. Citigroup raised their target price on shares of Automatic Data Processing from $137.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, November 1st. Finally, BMO Capital Markets cut their target price on shares of Automatic Data Processing from $155.00 to $150.00 and set a “market perform” rating for the company in a report on Thursday, November 1st. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $151.87.



In related news, VP Brock Albinson sold 4,389 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $129.00, for a total value of $566,181.00. Following the completion of the sale, the vice president now directly owns 8,144 shares in the company, valued at $1,050,576. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jan Siegmund sold 36,403 shares of the firm’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $145.02, for a total value of $5,279,163.06. Following the completion of the sale, the insider now owns 86,726 shares of the company’s stock, valued at $12,577,004.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,655 shares of company stock valued at $20,193,990. 0.33% of the stock is owned by corporate insiders.

Shares of ADP stock traded up $0.57 on Monday, reaching $147.38. The company’s stock had a trading volume of 302,181 shares, compared to its average volume of 2,414,270. Automatic Data Processing has a 1 year low of $107.61 and a 1 year high of $153.51. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $63.95 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 2.14 and a beta of 0.91.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, January 30th. The business services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.16. Automatic Data Processing had a net margin of 13.12% and a return on equity of 51.92%. The firm had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same period last year, the firm posted $1.03 earnings per share. Automatic Data Processing’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities analysts predict that Automatic Data Processing will post 5.37 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 8th will be given a $0.79 dividend. The ex-dividend date is Thursday, March 7th. This represents a $3.16 dividend on an annualized basis and a yield of 2.14%. Automatic Data Processing’s dividend payout ratio is presently 72.64%.

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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.

Read More: Average Daily Trade Volume – ADTV

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

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