ORG Wealth Partners LLC Sells 1,487 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

ORG Wealth Partners LLC lessened its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 50.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,459 shares of the business services provider’s stock after selling 1,487 shares during the quarter. ORG Wealth Partners LLC’s holdings in Automatic Data Processing were worth $427,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. ST Germain D J Co. Inc. raised its stake in shares of Automatic Data Processing by 18.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 13,791 shares of the business services provider’s stock valued at $4,037,000 after purchasing an additional 2,149 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Automatic Data Processing by 1.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 228,973 shares of the business services provider’s stock valued at $63,363,000 after buying an additional 2,203 shares in the last quarter. First Hawaiian Bank grew its holdings in Automatic Data Processing by 21.4% during the 4th quarter. First Hawaiian Bank now owns 6,033 shares of the business services provider’s stock valued at $1,766,000 after buying an additional 1,063 shares in the last quarter. Douglas Lane & Associates LLC increased its position in shares of Automatic Data Processing by 6.0% during the fourth quarter. Douglas Lane & Associates LLC now owns 5,775 shares of the business services provider’s stock valued at $1,691,000 after buying an additional 329 shares during the period. Finally, InvesTrust purchased a new stake in Automatic Data Processing in the 4th quarter worth approximately $8,650,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Insider Activity

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 value of $11,692,500.00. Following the completion of the transaction, the vice president now owns 32,604 shares in the company, valued at approximately $9,781,200. This represents a 54.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David Foskett sold 1,004 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $289.29, for a total transaction of $290,447.16. Following the completion of the sale, the vice president now directly owns 5,958 shares in the company, valued at $1,723,589.82. This represents a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,062 shares of company stock valued at $12,299,550. Corporate insiders own 0.21% of the company’s stock.

Automatic Data Processing Trading Down 1.4 %

ADP traded down $4.01 during trading on Friday, hitting $287.88. 694,268 shares of the stock traded hands, compared to its average volume of 1,203,146. The firm has a market capitalization of $117.30 billion, a P/E ratio of 30.72, a price-to-earnings-growth ratio of 3.50 and a beta of 0.79. Automatic Data Processing, Inc. has a 12-month low of $231.27 and a 12-month high of $309.63. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a 50-day moving average of $298.49 and a 200 day moving average of $277.85.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, October 30th. The business services provider reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.12. The company had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.77 billion. Automatic Data Processing had a return on equity of 82.36% and a net margin of 19.72%. Automatic Data Processing’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $2.08 earnings per share. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th were given a $1.54 dividend. This represents a $6.16 annualized dividend and a dividend yield of 2.14%. This is a boost from Automatic Data Processing’s previous quarterly dividend of $1.40. The ex-dividend date was Friday, December 13th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 65.74%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ADP. Mizuho raised their target price on shares of Automatic Data Processing from $281.00 to $310.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Jefferies Financial Group raised their price target on Automatic Data Processing from $260.00 to $290.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada lifted 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. Citigroup increased their price objective on Automatic Data Processing from $260.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Finally, Barclays increased their target price on shares of Automatic Data Processing from $310.00 to $325.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $289.91.

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.