Delta Financial Advisors LLC trimmed its position in shares of Automatic Data Processing (NASDAQ:ADP) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,741 shares of the business services provider’s stock after selling 167 shares during the period. Automatic Data Processing accounts for approximately 1.5% of Delta Financial Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Delta Financial Advisors LLC’s holdings in Automatic Data Processing were worth $3,877,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADP. Sugarloaf Wealth Management LLC bought a new position in Automatic Data Processing during the fourth quarter worth $27,000. Horan Capital Advisors LLC. bought a new position in Automatic Data Processing during the third quarter worth $31,000. Clear Harbor Asset Management LLC bought a new position in Automatic Data Processing during the fourth quarter worth $42,000. Savior LLC bought a new position in Automatic Data Processing during the fourth quarter worth $43,000. Finally, Evolution Wealth Advisors LLC boosted its position in Automatic Data Processing by 132.7% during the fourth quarter. Evolution Wealth Advisors LLC now owns 263 shares of the business services provider’s stock worth $45,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 80.12% of the company’s stock.

ADP has been the subject of a number of research analyst reports. Wolfe Research cut shares of Automatic Data Processing from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 31st. BidaskClub raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Wednesday, January 29th. Moffett Nathanson cut shares of Automatic Data Processing from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 7th. ValuEngine raised shares of Automatic Data Processing from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, Citigroup boosted their target price on shares of Automatic Data Processing from $170.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $186.20.

In related news, VP Donald Weinstein sold 2,468 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $180.00, for a total value of $444,240.00. Following the completion of the transaction, the vice president now owns 26,578 shares of the company’s stock, valued at $4,784,040. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Deborah L. Dyson sold 3,250 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $176.67, for a total value of $574,177.50. Following the completion of the transaction, the vice president now directly owns 18,304 shares of the company’s stock, valued at approximately $3,233,767.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,528 shares of company stock valued at $2,556,051. 0.31% of the stock is owned by insiders.

Shares of Automatic Data Processing stock opened at $180.42 on Friday. The firm has a 50-day moving average of $173.88 and a 200-day moving average of $167.61. The stock has a market cap of $77.44 billion, a PE ratio of 31.88, a PEG ratio of 2.24 and a beta of 0.87. Automatic Data Processing has a 52-week low of $148.07 and a 52-week high of $180.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.02 and a current ratio of 1.02.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.08. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.69 billion. Automatic Data Processing had a return on equity of 46.96% and a net margin of 16.97%. Automatic Data Processing’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.34 earnings per share. Equities research analysts predict that Automatic Data Processing will post 6.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Thursday, March 12th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 66.79%.

Automatic Data Processing declared that its board has approved a share buyback plan on Tuesday, November 12th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the business services provider to buy up to 6.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

About Automatic Data Processing

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.

See Also: Compound Annual Growth Rate (CAGR)

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

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