Petrus Trust Company LTA boosted its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,234 shares of the business services provider’s stock after buying an additional 2,573 shares during the period. Automatic Data Processing accounts for approximately 1.2% of Petrus Trust Company LTA’s portfolio, making the stock its 28th largest position. Petrus Trust Company LTA’s holdings in Automatic Data Processing were worth $5,147,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC increased its stake in shares of Automatic Data Processing by 1.8% during the second quarter. Proficio Capital Partners LLC now owns 964 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 17 shares in the last quarter. Acrospire Investment Management LLC bought a new position in shares of Automatic Data Processing during the second quarter valued at approximately $102,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Automatic Data Processing during the first quarter valued at approximately $113,000. Grove Bank & Trust increased its stake in shares of Automatic Data Processing by 16.4% during the second quarter. Grove Bank & Trust now owns 1,208 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 170 shares in the last quarter. Finally, Armbruster Capital Management Inc. increased its stake in shares of Automatic Data Processing by 2.5% during the second quarter. Armbruster Capital Management Inc. now owns 1,322 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

In other Automatic Data Processing news, VP Brock Albinson sold 3,663 shares of Automatic Data Processing stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $106.54, for a total value of $390,256.02. Following the completion of the sale, the vice president now owns 6,287 shares of the company’s stock, valued at approximately $669,816.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Maria Black sold 631 shares of Automatic Data Processing stock in a transaction that occurred on Saturday, September 2nd. The stock was sold at an average price of $106.64, for a total transaction of $67,289.84. Following the completion of the sale, 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.

A number of equities analysts have weighed in on ADP shares. William Blair downgraded shares of Automatic Data Processing from an “outperform” rating to a “market perform” rating in a research note on Friday, July 21st. BMO Capital Markets reaffirmed an “outperform” rating and set a $105.00 target price (up previously from $100.00) on shares of Automatic Data Processing in a research note on Friday, July 28th. Robert W. Baird reaffirmed a “neutral” rating and set a $95.00 target price on shares of Automatic Data Processing in a research note on Sunday, July 30th. Stifel Nicolaus reaffirmed a “hold” rating and set a $108.00 target price (up previously from $103.00) on shares of Automatic Data Processing in a research note on Sunday, July 30th. Finally, BidaskClub raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $112.37.

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Shares of Automatic Data Processing, Inc. (NASDAQ ADP) opened at $110.66 on Thursday. The firm has a market cap of $49,080.00, a P/E ratio of 29.97, a P/E/G ratio of 2.87 and a beta of 0.88. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. Automatic Data Processing, Inc. has a 1 year low of $91.60 and a 1 year high of $121.77.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Thursday, November 2nd. The business services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. The firm’s revenue was up 5.6% on a year-over-year basis. research analysts forecast that Automatic Data Processing, Inc. will post 3.91 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 8th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Thursday, December 7th. This is an increase from Automatic Data Processing’s previous quarterly dividend of $0.57. Automatic Data Processing’s payout ratio is 57.87%.

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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