Crossmark Global Holdings Inc. lessened its holdings in Automatic Data Processing (NASDAQ:ADP) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 144,752 shares of the business services provider’s stock after selling 645 shares during the period. Crossmark Global Holdings Inc.’s holdings in Automatic Data Processing were worth $16,964,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ADP. Northwest Quadrant Wealth Management LLC lifted its stake in Automatic Data Processing by 0.5% in the second quarter. Northwest Quadrant Wealth Management LLC now owns 4,221 shares of the business services provider’s stock valued at $458,000 after purchasing an additional 21 shares during the last quarter. PagnatoKarp Partners LLC lifted its stake in Automatic Data Processing by 1.1% in the second quarter. PagnatoKarp Partners LLC now owns 2,643 shares of the business services provider’s stock valued at $272,000 after purchasing an additional 29 shares during the last quarter. South Texas Money Management Ltd. lifted its stake in Automatic Data Processing by 1.3% in the second quarter. South Texas Money Management Ltd. now owns 2,335 shares of the business services provider’s stock valued at $239,000 after purchasing an additional 29 shares during the last quarter. Good Life Advisors LLC lifted its stake in Automatic Data Processing by 1.7% in the second quarter. Good Life Advisors LLC now owns 2,189 shares of the business services provider’s stock valued at $227,000 after purchasing an additional 36 shares during the last quarter. Finally, Carnegie Capital Asset Management LLC lifted its stake in Automatic Data Processing by 0.4% in the second quarter. Carnegie Capital Asset Management LLC now owns 14,426 shares of the business services provider’s stock valued at $1,663,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 78.70% of the company’s stock.

Several equities analysts recently commented on ADP shares. BidaskClub downgraded Automatic Data Processing from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded Automatic Data Processing from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research note on Friday, January 5th. Morgan Stanley reiterated an “equal weight” rating on shares of Automatic Data Processing in a research note on Wednesday, November 15th. Royal Bank of Canada dropped their price objective on Automatic Data Processing from $100.00 to $95.00 and set a “sector perform” rating on the stock in a research note on Monday, November 6th. Finally, Bank of America upped their price objective on Automatic Data Processing from $111.00 to $114.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $118.43.

In other Automatic Data Processing news, VP Donald Weinstein sold 3,242 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $125.00, for a total transaction of $405,250.00. Following the sale, the vice president now owns 28,366 shares in the company, valued at $3,545,750. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Carlos A. Rodriguez sold 95,756 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $118.09, for a total value of $11,307,826.04. Following the sale, the chief executive officer now owns 124,722 shares in the company, valued at approximately $14,728,420.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,767 shares of company stock worth $17,801,722. Company insiders own 0.25% of the company’s stock.

Shares of Automatic Data Processing (NASDAQ:ADP) opened at $108.25 on Friday. The stock has a market capitalization of $50,337.70, a price-to-earnings ratio of 28.12, a price-to-earnings-growth ratio of 2.52 and a beta of 0.86. Automatic Data Processing has a 12-month low of $95.50 and a 12-month high of $125.24. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, January 31st. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.10. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. Automatic Data Processing had a return on equity of 43.28% and a net margin of 13.47%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 earnings per share. sell-side analysts forecast that Automatic Data Processing will post 4.1 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, March 8th. This represents a $2.52 annualized dividend and a dividend yield of 2.33%. Automatic Data Processing’s dividend payout ratio is currently 65.45%.

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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.

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

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