Bradley Foster & Sargent Inc. CT cut its stake in Automatic Data Processing (NYSE:ADP) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 167,538 shares of the company’s stock after selling 3,496 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Automatic Data Processing were worth $15,392,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Kleinwort Benson Investors Dublin Ltd bought a new stake in shares of Automatic Data Processing during the second quarter valued at about $202,000. Smith Salley & Associates increased its stake in shares of Automatic Data Processing by 1.2% in the second quarter. Smith Salley & Associates now owns 2,436 shares of the company’s stock valued at $224,000 after buying an additional 30 shares in the last quarter. South Texas Money Management Ltd. increased its stake in shares of Automatic Data Processing by 6.1% in the second quarter. South Texas Money Management Ltd. now owns 2,764 shares of the company’s stock valued at $254,000 after buying an additional 159 shares in the last quarter. Scott & Selber Inc. bought a new stake in shares of Automatic Data Processing during the second quarter valued at about $294,000. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Automatic Data Processing by 0.5% in the second quarter. Sequoia Financial Advisors LLC now owns 3,747 shares of the company’s stock valued at $344,000 after buying an additional 20 shares in the last quarter.

Automatic Data Processing (NYSE:ADP) traded up 1.443% on Tuesday, reaching $87.809. 838,572 shares of the company were exchanged. Automatic Data Processing has a 12-month low of $76.65 and a 12-month high of $96.00. The stock has a market capitalization of $40.06 billion and a P/E ratio of 27.035. The company’s 50-day moving average price is $89.12 and its 200-day moving average price is $89.30.

Automatic Data Processing (NYSE:ADP) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The business had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Automatic Data Processing’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. Equities research analysts anticipate that Automatic Data Processing will post $3.62 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 9th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Wednesday, September 7th.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Wednesday, June 29th. Citigroup Inc. reissued a “neutral” rating and set a $90.00 price objective (up previously from $89.00) on shares of Automatic Data Processing in a research report on Friday, July 29th. Sanford C. Bernstein raised shares of Automatic Data Processing from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $97.00 to $110.00 in a research report on Monday, July 11th. Jefferies Group increased their price objective on shares of Automatic Data Processing from $75.00 to $81.00 and gave the stock an “underperform” rating in a research report on Monday, August 1st. Finally, JPMorgan Chase & Co. reissued a “hold” rating and set a $93.00 price objective on shares of Automatic Data Processing in a research report on Friday, July 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $95.14.

In other Automatic Data Processing news, VP Deborah L. Dyson sold 898 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $88.06, for a total transaction of $79,077.88. Following the sale, the vice president now directly owns 11,891 shares of the company’s stock, valued at $1,047,121.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Carlos A. Rodriguez sold 67,064 shares of the company’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $95.00, for a total transaction of $6,371,080.00. Following the sale, the chief executive officer now directly owns 166,627 shares in the company, valued at $15,829,565. The disclosure for this sale can be found here.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions and business process outsourcing. The Company operates through two segments: Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled HCM solutions.

5 Day Chart for NYSE:ADP

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