Janus Henderson Group PLC lifted its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 5,962.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,013,865 shares of the business services provider’s stock after purchasing an additional 3,947,657 shares during the period. Janus Henderson Group PLC owned 0.90% of Automatic Data Processing worth $411,260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. San Francisco Sentry Investment Group CA bought a new position in shares of Automatic Data Processing during the second quarter valued at about $136,000. Macquarie Group Ltd. lifted its position in shares of Automatic Data Processing by 20.9% during the second quarter. Macquarie Group Ltd. now owns 25,500 shares of the business services provider’s stock valued at $2,612,000 after purchasing an additional 4,400 shares in the last quarter. Prudential PLC lifted its position in shares of Automatic Data Processing by 591.3% during the second quarter. Prudential PLC now owns 123,397 shares of the business services provider’s stock valued at $12,643,000 after purchasing an additional 105,546 shares in the last quarter. AHL Partners LLP lifted its position in shares of Automatic Data Processing by 37.3% during the second quarter. AHL Partners LLP now owns 109,735 shares of the business services provider’s stock valued at $11,243,000 after purchasing an additional 29,836 shares in the last quarter. Finally, Salem Investment Counselors Inc. lifted its position in shares of Automatic Data Processing by 4.4% during the second quarter. Salem Investment Counselors Inc. now owns 3,545 shares of the business services provider’s stock valued at $363,000 after purchasing an additional 149 shares in the last quarter. 78.41% of the stock is currently owned by institutional investors.

Shares of Automatic Data Processing, Inc. (NASDAQ ADP) opened at $111.06 on Monday. Automatic Data Processing, Inc. has a 12-month low of $93.95 and a 12-month high of $121.77. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market cap of $49,253.96, a P/E ratio of 29.69, a PEG ratio of 2.84 and a beta of 0.87.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.06. Automatic Data Processing had a net margin of 14.08% and a return on equity of 42.34%. 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 previous year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. sell-side analysts expect that Automatic Data Processing, Inc. will post 3.91 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 8th will be given a $0.63 dividend. The ex-dividend date is Thursday, December 7th. This represents a $2.52 annualized dividend and a dividend yield of 2.27%. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $0.57. Automatic Data Processing’s payout ratio is 58.02%.

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A number of research analysts recently weighed in on the stock. Morgan Stanley reissued an “equal weight” rating on shares of Automatic Data Processing in a research report on Wednesday, November 15th. Zacks Investment Research raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research report on Wednesday, November 8th. BidaskClub lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Royal Bank Of Canada lowered their price objective on shares of Automatic Data Processing from $100.00 to $95.00 and set a “sector perform” rating on the stock in a research report on Monday, November 6th. Finally, BMO Capital Markets lowered their price objective on shares of Automatic Data Processing from $122.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $112.37.

In related news, VP Brock Albinson sold 3,663 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $106.54, for a total transaction of $390,256.02. Following the completion of the transaction, the vice president now owns 6,287 shares of the company’s stock, valued at $669,816.98. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Maria Black sold 631 shares of the business’s stock in a transaction that occurred on Saturday, September 2nd. The shares were sold at an average price of $106.64, for a total transaction of $67,289.84. Following the transaction, the vice president now directly owns 10,550 shares of the company’s stock, valued at approximately $1,125,052. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

About Automatic Data Processing

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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