Hall Capital Management Co. Inc. trimmed its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,361 shares of the business services provider’s stock after selling 1,175 shares during the quarter. Automatic Data Processing comprises approximately 3.7% of Hall Capital Management Co. Inc.’s holdings, making the stock its 3rd biggest position. Hall Capital Management Co. Inc.’s holdings in Automatic Data Processing were worth $3,975,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ADP. BlackRock Inc. grew its holdings in Automatic Data Processing by 1,971.2% during the 1st quarter. BlackRock Inc. now owns 29,631,769 shares of the business services provider’s stock valued at $3,033,995,000 after buying an additional 28,201,085 shares in the last quarter. Cedar Capital LLC purchased a new stake in Automatic Data Processing during the 2nd quarter valued at approximately $254,000. Gardiner Nancy B grew its holdings in Automatic Data Processing by 8.8% during the 2nd quarter. Gardiner Nancy B now owns 21,027 shares of the business services provider’s stock valued at $2,153,000 after buying an additional 1,705 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in Automatic Data Processing during the 1st quarter valued at approximately $1,447,000. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in Automatic Data Processing by 1.0% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 38,651 shares of the business services provider’s stock valued at $3,957,000 after buying an additional 380 shares in the last quarter. 78.64% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on the stock. Citigroup reissued a “neutral” rating and issued a $110.00 target price (up from $98.00) on shares of Automatic Data Processing in a report on Thursday, August 17th. Royal Bank Of Canada reissued a “hold” rating and issued a $95.00 target price on shares of Automatic Data Processing in a report on Friday, September 15th. BidaskClub lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. BMO Capital Markets reissued a “market perform” rating and issued a $105.00 target price on shares of Automatic Data Processing in a report on Monday, August 21st. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Automatic Data Processing in a report on Wednesday, August 9th. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $112.37.

Shares of Automatic Data Processing, Inc. (NASDAQ:ADP) opened at $113.75 on Friday. The stock has a market capitalization of $50,761.83, a price-to-earnings ratio of 30.60, a P/E/G ratio of 2.93 and a beta of 0.85. Automatic Data Processing, Inc. has a 52-week low of $94.11 and a 52-week high of $121.77. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.10 and a quick ratio of 1.10.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.06 billion. Automatic Data Processing had a return on equity of 42.34% and a net margin of 14.08%. Automatic Data Processing’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share. analysts anticipate that Automatic Data Processing, Inc. will post 3.91 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 8th will be given a $0.63 dividend. 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. This represents a $2.52 dividend on an annualized basis and a yield of 2.22%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 58.02%.

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Automatic Data Processing 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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