Whitnell & Co. lowered its holdings in shares of Automatic Data Processing (NASDAQ:ADP) by 2.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,578 shares of the business services provider’s stock after selling 524 shares during the period. Whitnell & Co.’s holdings in Automatic Data Processing were worth $2,468,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Guardian Life Insurance Co. of America increased its holdings in Automatic Data Processing by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,740 shares of the business services provider’s stock worth $178,000 after purchasing an additional 12 shares in the last quarter. Personal Capital Advisors Corp increased its holdings in Automatic Data Processing by 0.7% in the 2nd quarter. Personal Capital Advisors Corp now owns 2,371 shares of the business services provider’s stock worth $243,000 after purchasing an additional 16 shares in the last quarter. Flagship Harbor Advisors LLC increased its holdings in Automatic Data Processing by 0.6% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,778 shares of the business services provider’s stock worth $282,000 after purchasing an additional 16 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in Automatic Data Processing by 1.8% in the 2nd quarter. Proficio Capital Partners LLC now owns 964 shares of the business services provider’s stock worth $111,000 after purchasing an additional 17 shares in the last quarter. Finally, Northwest Quadrant Wealth Management LLC increased its holdings in Automatic Data Processing by 0.5% in the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 4,221 shares of the business services provider’s stock worth $458,000 after purchasing an additional 21 shares in the last quarter. 78.78% of the stock is owned by institutional investors.

Shares of Automatic Data Processing (ADP) opened at $117.82 on Tuesday. Automatic Data Processing has a 52-week low of $94.11 and a 52-week high of $121.77. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $51,453.67, a PE ratio of 31.02, a P/E/G ratio of 2.87 and a beta of 0.85.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Thursday, November 2nd. The business services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.85 by $0.06. Automatic Data Processing had a return on equity of 42.34% and a net margin of 14.08%. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the prior year, the company earned $0.86 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. research analysts forecast that Automatic Data Processing will post 3.91 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 8th will be given a dividend of $0.63 per share. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $0.57. The ex-dividend date is Thursday, December 7th. This represents a $2.52 annualized dividend and a dividend yield of 2.14%. Automatic Data Processing’s dividend payout ratio is presently 64.12%.

A number of equities analysts have issued reports on ADP shares. BidaskClub cut Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Morgan Stanley upgraded Automatic Data Processing from an “underweight” rating to an “equal” rating and set a $114.00 price target on the stock in a research report on Tuesday, November 14th. Sanford C. Bernstein upped their price target on Automatic Data Processing from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Deutsche Bank reiterated a “hold” rating and issued a $102.00 price target on shares of Automatic Data Processing in a research report on Monday, August 21st. Finally, Barclays upped their price target on Automatic Data Processing from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $114.17.

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Automatic Data Processing 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.

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

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