Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Automatic Data Processing (NASDAQ:ADP) by 4.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,665 shares of the business services provider’s stock after acquiring an additional 4,518 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Automatic Data Processing were worth $11,989,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Acrospire Investment Management LLC acquired a new position in Automatic Data Processing in the 2nd quarter worth $102,000. Proficio Capital Partners LLC lifted its holdings in Automatic Data Processing by 1.8% in the 2nd quarter. Proficio Capital Partners LLC now owns 964 shares of the business services provider’s stock worth $111,000 after buying an additional 17 shares in the last quarter. Grove Bank & Trust lifted its holdings in Automatic Data Processing by 16.4% in the 2nd quarter. Grove Bank & Trust now owns 1,208 shares of the business services provider’s stock worth $124,000 after buying an additional 170 shares in the last quarter. Armbruster Capital Management Inc. lifted its holdings in Automatic Data Processing by 2.5% in the 2nd quarter. Armbruster Capital Management Inc. now owns 1,322 shares of the business services provider’s stock worth $135,000 after buying an additional 32 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA acquired a new position in Automatic Data Processing in the 2nd quarter worth $136,000. Hedge funds and other institutional investors own 78.78% of the company’s stock.

Shares of Automatic Data Processing (NASDAQ ADP) opened at $118.19 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.10. Automatic Data Processing has a 1 year low of $94.11 and a 1 year high of $121.77. The firm has a market cap of $52,416.08, a PE ratio of 31.60, a P/E/G ratio of 2.93 and a beta of 0.85.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.91 earnings per share for the quarter, beating 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 prior year, the firm earned $0.86 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. research analysts expect that Automatic Data Processing will post 3.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 8th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, December 7th. This is an increase from Automatic Data Processing’s previous quarterly dividend of $0.57. Automatic Data Processing’s dividend payout ratio is currently 64.12%.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Royal Bank of Canada restated a “hold” rating and issued a $95.00 target price on shares of Automatic Data Processing in a research note on Friday, September 15th. BidaskClub upgraded shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Saturday, September 9th. Sanford C. Bernstein upped their target price on shares of Automatic Data Processing from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $108.00 target price on shares of Automatic Data Processing in a research note on Wednesday, October 4th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $114.17.

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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.

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

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