Psagot Investment House Ltd. acquired a new position in Automatic Data Processing (NASDAQ:ADP) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 13,620 shares of the business services provider’s stock, valued at approximately $1,786,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Automatic Data Processing by 1.2% during the third quarter. Vanguard Group Inc. now owns 36,946,069 shares of the business services provider’s stock worth $5,566,295,000 after purchasing an additional 425,007 shares during the period. Vanguard Group Inc boosted its holdings in shares of Automatic Data Processing by 1.2% during the third quarter. Vanguard Group Inc now owns 36,946,069 shares of the business services provider’s stock worth $5,566,295,000 after purchasing an additional 425,007 shares during the period. BlackRock Inc. boosted its holdings in shares of Automatic Data Processing by 5.4% during the fourth quarter. BlackRock Inc. now owns 30,996,337 shares of the business services provider’s stock worth $4,064,239,000 after purchasing an additional 1,587,214 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Automatic Data Processing by 18,918.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,462,482 shares of the business services provider’s stock worth $179,000 after purchasing an additional 23,339,116 shares during the period. Finally, Lunia Capital LP boosted its holdings in shares of Automatic Data Processing by 14,251.9% during the fourth quarter. Lunia Capital LP now owns 18,367,683 shares of the business services provider’s stock worth $18,368,000 after purchasing an additional 18,239,702 shares during the period. 80.43% of the stock is currently owned by institutional investors.

In other Automatic Data Processing news, VP Brock Albinson sold 4,389 shares of the business’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $129.00, for a total value of $566,181.00. Following the sale, the vice president now owns 8,144 shares of the company’s stock, valued at approximately $1,050,576. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Stuart Sackman sold 1,478 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $155.13, for a total transaction of $229,282.14. Following the completion of the sale, the vice president now directly owns 24,122 shares in the company, valued at approximately $3,742,045.86. The disclosure for this sale can be found here. Insiders have sold 121,589 shares of company stock worth $17,276,746 in the last ninety days. 0.33% of the stock is currently owned by insiders.

NASDAQ:ADP opened at $156.41 on Wednesday. Automatic Data Processing has a 12 month low of $111.23 and a 12 month high of $156.27. The company has a market capitalization of $66.98 billion, a PE ratio of 35.96, a PEG ratio of 2.20 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, January 30th. The business services provider reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Analysts predict that Automatic Data Processing will post 5.37 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 8th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Thursday, March 7th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 72.64%.

Separately, Zacks Investment Research cut shares of Automatic Data Processing from a “buy” rating to a “sell” rating in a report on Wednesday, January 2nd. 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 company’s stock. The company has an average rating of “Buy” and an average target price of $151.87.

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About Automatic Data Processing

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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