Geneva Partners LLC Makes New $1.37 Million Investment in Automatic Data Processing, Inc. (NASDAQ:ADP)

Geneva Partners LLC acquired a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,872 shares of the business services provider’s stock, valued at approximately $1,368,000.

Several other large investors have also recently modified their holdings of the stock. Financial Management Professionals Inc. increased its holdings in Automatic Data Processing by 34.7% during the third quarter. Financial Management Professionals Inc. now owns 159 shares of the business services provider’s stock valued at $38,000 after buying an additional 41 shares during the period. Argus Investors Counsel Inc. increased its holdings in shares of Automatic Data Processing by 0.5% in the 4th quarter. Argus Investors Counsel Inc. now owns 8,863 shares of the business services provider’s stock valued at $2,065,000 after acquiring an additional 43 shares during the period. Signet Financial Management LLC raised its position in shares of Automatic Data Processing by 1.3% in the 4th quarter. Signet Financial Management LLC now owns 3,587 shares of the business services provider’s stock worth $857,000 after acquiring an additional 45 shares in the last quarter. Trust Co. of Toledo NA OH lifted its stake in shares of Automatic Data Processing by 0.5% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 8,292 shares of the business services provider’s stock worth $1,995,000 after purchasing an additional 45 shares during the last quarter. Finally, PFS Investments Inc. boosted its position in Automatic Data Processing by 3.4% during the fourth quarter. PFS Investments Inc. now owns 1,396 shares of the business services provider’s stock valued at $333,000 after purchasing an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Price Performance

Shares of ADP stock traded up $1.32 during mid-day trading on Friday, hitting $243.31. 1,638,700 shares of the stock were exchanged, compared to its average volume of 1,816,781. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.69. Automatic Data Processing, Inc. has a 52-week low of $201.46 and a 52-week high of $256.84. The firm has a fifty day moving average of $247.22 and a 200 day moving average of $239.23. The company has a market cap of $99.95 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 2.28 and a beta of 0.78.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, January 31st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.65 billion. Automatic Data Processing had a return on equity of 95.22% and a net margin of 19.14%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 EPS. Research analysts anticipate that Automatic Data Processing, Inc. will post 9.14 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a $1.40 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $5.60 annualized dividend and a dividend yield of 2.30%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 65.19%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ADP. Evercore ISI lifted their price target on shares of Automatic Data Processing from $227.00 to $235.00 and gave the stock an “underperform” rating in a report on Tuesday, March 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $267.00 target price on shares of Automatic Data Processing in a research report on Thursday, February 1st. Bank of America upgraded Automatic Data Processing from an “underperform” rating to a “neutral” rating and increased their price target for the company from $217.00 to $243.00 in a research note on Wednesday, January 17th. Wolfe Research upgraded Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Finally, StockNews.com lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Automatic Data Processing presently has a consensus rating of “Hold” and a consensus target price of $254.58.

Insider Transactions at Automatic Data Processing

In other news, VP David Kwon sold 863 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $250.00, for a total transaction of $215,750.00. Following the completion of the sale, the vice president now owns 8,285 shares of the company’s stock, valued at $2,071,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, VP David Kwon sold 863 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $250.00, for a total transaction of $215,750.00. Following the transaction, the vice president now directly owns 8,285 shares in the company, valued at approximately $2,071,250. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Sreenivasa Kutam sold 694 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $249.43, for a total value of $173,104.42. Following the completion of the sale, the vice president now directly owns 20,687 shares of the company’s stock, valued at approximately $5,159,958.41. The disclosure for this sale can be found here. Insiders have sold 15,162 shares of company stock valued at $3,741,859 over the last ninety days. Insiders own 0.26% of the company’s stock.

Automatic Data Processing Profile

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.