Delaney Dennis R reduced its stake in shares of Automatic Data Processing (NASDAQ:ADP) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,157 shares of the business services provider’s stock after selling 223 shares during the period. Automatic Data Processing makes up approximately 4.2% of Delaney Dennis R’s holdings, making the stock its 5th biggest holding. Delaney Dennis R’s holdings in Automatic Data Processing were worth $3,267,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ADP. Horan Capital Advisors LLC. acquired a new stake in shares of Automatic Data Processing in the third quarter valued at approximately $31,000. Gradient Investments LLC boosted its holdings in shares of Automatic Data Processing by 126.2% during the 3rd quarter. Gradient Investments LLC now owns 276 shares of the business services provider’s stock worth $45,000 after buying an additional 154 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Automatic Data Processing during the 3rd quarter worth approximately $48,000. Usca Ria LLC bought a new position in shares of Automatic Data Processing during the 3rd quarter worth approximately $52,000. Finally, North Star Investment Management Corp. bought a new position in shares of Automatic Data Processing during the 3rd quarter worth approximately $76,000. Hedge funds and other institutional investors own 80.05% of the company’s stock.

Shares of Automatic Data Processing stock traded up $1.58 during trading hours on Wednesday, hitting $172.81. 2,096,212 shares of the company’s stock traded hands, compared to its average volume of 1,401,271. Automatic Data Processing has a 12-month low of $131.84 and a 12-month high of $174.50. The stock has a market capitalization of $74.03 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 2.14 and a beta of 0.86. The company has a fifty day simple moving average of $169.85 and a 200-day simple moving average of $166.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.01 and a quick ratio of 1.01.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, October 30th. The business services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.01. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.52 billion. Automatic Data Processing had a return on equity of 46.94% and a net margin of 16.52%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $1.20 EPS. On average, analysts forecast that Automatic Data Processing will post 6.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.11%. Automatic Data Processing’s payout ratio is 66.79%.

Automatic Data Processing declared that its board has authorized a stock repurchase program on Tuesday, November 12th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the business services provider to reacquire up to 6.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

ADP has been the topic of a number of research analyst reports. ValuEngine upgraded Automatic Data Processing from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Citigroup upped their target price on Automatic Data Processing from $170.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday. Credit Suisse Group reaffirmed a “buy” rating and set a $185.00 target price on shares of Automatic Data Processing in a research report on Monday, November 4th. Wolfe Research lowered Automatic Data Processing from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 31st. Finally, BidaskClub lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $182.11.

In other news, CEO Carlos A. Rodriguez sold 48,571 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $168.51, for a total transaction of $8,184,699.21. Following the completion of the transaction, the chief executive officer now owns 144,899 shares in the company, valued at approximately $24,416,930.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Donald Weinstein sold 2,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $170.08, for a total value of $340,160.00. Following the transaction, the vice president now owns 25,710 shares of the company’s stock, valued at approximately $4,372,756.80. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc provides business process outsourcing services worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) outsourcing and technology-based human capital management solutions.

Featured Story: What is the price-sales ratio?

Want to see what other hedge funds are holding ADP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Automatic Data Processing (NASDAQ:ADP).

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

Receive News & Ratings for Automatic Data Processing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Automatic Data Processing and related companies with MarketBeat.com's FREE daily email newsletter.