DF Dent & Co. Inc. maintained its stake in shares of Automatic Data Processing (NYSE:ADP) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,106 shares of the business services provider’s stock at the end of the first quarter. DF Dent & Co. Inc.’s holdings in Automatic Data Processing were worth $2,263,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Goelzer Investment Management Inc. boosted its position in shares of Automatic Data Processing by 0.3% in the first quarter. Goelzer Investment Management Inc. now owns 4,239 shares of the business services provider’s stock worth $434,000 after buying an additional 12 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of Automatic Data Processing by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,740 shares of the business services provider’s stock worth $178,000 after buying an additional 12 shares during the last quarter. Middleton & Co Inc MA boosted its position in shares of Automatic Data Processing by 0.4% in the first quarter. Middleton & Co Inc MA now owns 5,306 shares of the business services provider’s stock worth $543,000 after buying an additional 20 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Automatic Data Processing by 0.6% in the first quarter. Parallel Advisors LLC now owns 4,495 shares of the business services provider’s stock worth $438,000 after buying an additional 26 shares during the last quarter. Finally, Moloney Securities Asset Management LLC boosted its position in shares of Automatic Data Processing by 0.5% in the first quarter. Moloney Securities Asset Management LLC now owns 5,777 shares of the business services provider’s stock worth $592,000 after buying an additional 28 shares during the last quarter.

Automatic Data Processing (ADP) traded down 0.89% during mid-day trading on Thursday, hitting $108.68. The stock had a trading volume of 471,526 shares. Automatic Data Processing has a one year low of $85.48 and a one year high of $121.77. The stock has a market cap of $48.29 billion and a P/E ratio of 28.23. The company has a 50 day moving average price of $105.89 and a 200 day moving average price of $102.52. Automatic Data Processing also was the target of unusually large options trading activity on Tuesday. Stock investors bought 15,090 put options on the stock. This is an increase of approximately 264% compared to the average volume of 4,143 put options.

Automatic Data Processing (NYSE:ADP) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.65 EPS for the quarter, missing the consensus estimate of $0.67 by $0.02. Automatic Data Processing had a return on equity of 59.56% and a net margin of 17.24%. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the previous year, the business posted $0.69 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts anticipate that Automatic Data Processing will post $3.82 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 8th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.28 annualized dividend and a dividend yield of 2.08%.

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Several equities research analysts recently commented on ADP shares. BidaskClub raised Automatic Data Processing from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Royal Bank Of Canada increased their price target on Automatic Data Processing from $94.00 to $95.00 and gave the company a “sector perform” rating in a report on Tuesday, August 1st. Stifel Nicolaus reissued 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. Robert W. Baird reissued a “neutral” rating and set a $95.00 target price on shares of Automatic Data Processing in a research note on Sunday, July 30th. Finally, BMO Capital Markets reissued 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. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $104.96.

In related news, insider Michael A. Bonarti sold 2,932 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $101.98, for a total transaction of $299,005.36. Following the sale, the insider now owns 46,256 shares in the company, valued at $4,717,186.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Carlos A. Rodriguez sold 49,392 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $100.01, for a total transaction of $4,939,693.92. Following the sale, the chief executive officer now owns 159,403 shares in the company, valued at approximately $15,941,894.03. The disclosure for this sale can be found here. Insiders have sold 90,620 shares of company stock worth $9,435,757 in the last ninety days.

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 (NYSE:ADP)

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