Sawgrass Asset Management LLC continued to hold its stake in Automatic Data Processing (NYSE:ADP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,406 shares of the company’s stock at the end of the third quarter. Sawgrass Asset Management LLC’s holdings in Automatic Data Processing were worth $477,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ADP. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Automatic Data Processing by 0.3% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 131,816 shares of the company’s stock worth $12,109,000 after buying an additional 357 shares in the last quarter. Penobscot Investment Management Company Inc. boosted its stake in shares of Automatic Data Processing by 6.4% in the second quarter. Penobscot Investment Management Company Inc. now owns 49,311 shares of the company’s stock worth $4,531,000 after buying an additional 2,945 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Automatic Data Processing by 1.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,441,270 shares of the company’s stock worth $132,409,000 after buying an additional 14,289 shares in the last quarter. Enterprise Financial Services Corp boosted its stake in shares of Automatic Data Processing by 4.3% in the second quarter. Enterprise Financial Services Corp now owns 4,201 shares of the company’s stock worth $386,000 after buying an additional 173 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its stake in shares of Automatic Data Processing by 0.6% in the second quarter. Moody Lynn & Lieberson LLC now owns 21,553 shares of the company’s stock worth $1,980,000 after buying an additional 118 shares in the last quarter.

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

Shares of Automatic Data Processing (NYSE:ADP) traded down 0.03% during trading on Friday, reaching $103.77. The company had a trading volume of 1,628,270 shares. The company has a 50 day moving average of $99.32 and a 200-day moving average of $92.08. The firm has a market capitalization of $46.82 billion and a P/E ratio of 31.05. Automatic Data Processing has a 52-week low of $76.65 and a 52-week high of $104.09.

Automatic Data Processing (NYSE:ADP) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. The company earned $2.90 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter last year, the company earned $0.68 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. Equities analysts expect that Automatic Data Processing will post $3.67 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Sunday, January 1st. Stockholders of record on Friday, December 9th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Wednesday, December 7th. This is a boost from Automatic Data Processing’s previous quarterly dividend of $0.53.

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ADP has been the topic of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) upgraded shares of Automatic Data Processing from a “neutral” rating to a “buy” rating and set a $114.00 price objective on the stock in a research note on Friday, December 16th. BMO Capital Markets restated a “hold” rating on shares of Automatic Data Processing in a research note on Thursday, November 3rd. Zacks Investment Research cut shares of Automatic Data Processing from a “hold” rating to a “sell” rating in a research note on Tuesday, November 1st. Finally, Barclays PLC initiated coverage on shares of Automatic Data Processing in a research note on Tuesday, December 20th. They set an “overweight” rating and a $115.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Automatic Data Processing currently has an average rating of “Hold” and an average target price of $99.44.

In other news, VP Stuart Sackman sold 2,616 shares of the stock in a transaction on Friday, December 16th. The stock was sold at an average price of $100.32, for a total transaction of $262,437.12. Following the sale, the vice president now owns 20,376 shares in the company, valued at $2,044,120.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jan Siegmund sold 11,376 shares of the stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $99.00, for a total value of $1,126,224.00. Following the sale, the insider now owns 63,569 shares in the company, valued at approximately $6,293,331. 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 to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services.

5 Day Chart for NYSE:ADP

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