Janus Henderson Group PLC Sells 657,467 Shares of Automatic Data Processing (NASDAQ:ADP)
Janus Henderson Group PLC lessened its stake in Automatic Data Processing (NASDAQ:ADP) by 33.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,283,449 shares of the business services provider’s stock after selling 657,467 shares during the quarter. Janus Henderson Group PLC’s holdings in Automatic Data Processing were worth $218,826,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Resonant Capital Advisors LLC purchased a new position in Automatic Data Processing in the fourth quarter worth $1,886,000. BSW Wealth Partners acquired a new stake in shares of Automatic Data Processing during the fourth quarter worth $324,000. German American Bancorp Inc. lifted its stake in shares of Automatic Data Processing by 80.2% during the fourth quarter. German American Bancorp Inc. now owns 2,474 shares of the business services provider’s stock worth $492,000 after buying an additional 1,101 shares during the period. Psagot Investment House Ltd. acquired a new stake in shares of Automatic Data Processing during the fourth quarter worth $1,635,000. Finally, Lionsbridge Wealth Management LLC acquired a new stake in shares of Automatic Data Processing during the fourth quarter worth $50,000. Institutional investors own 80.30% of the company’s stock.
In other news, VP Donald Weinstein sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $170.08, for a total transaction of $340,160.00. Following the sale, the vice president now owns 25,710 shares of the company’s stock, valued at approximately $4,372,756.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Deborah L. Dyson sold 3,250 shares of Automatic Data Processing stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $176.67, for a total transaction of $574,177.50. Following the transaction, the vice president now directly owns 18,304 shares of the company’s stock, valued at $3,233,767.68. The disclosure for this sale can be found here. Insiders sold 14,528 shares of company stock valued at $2,556,051 over the last three months. 0.31% of the stock is currently owned by corporate insiders.
Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.08. Automatic Data Processing had a return on equity of 46.96% and a net margin of 16.97%. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the business posted $1.34 EPS. The company’s revenue was up 5.1% on a year-over-year basis. Research analysts expect that Automatic Data Processing will post 6.07 earnings per share for the current 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 given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, March 12th. Automatic Data Processing’s dividend payout ratio is currently 66.79%.
Several equities research analysts have recently commented on ADP shares. Credit Suisse Group reiterated a “buy” rating and set a $190.00 price objective on shares of Automatic Data Processing in a research note on Sunday, February 2nd. Evercore ISI upgraded shares of Automatic Data Processing from an “in-line” rating to an “outperform” rating and set a $212.00 price objective for the company in a research note on Wednesday, January 22nd. Citigroup lifted their price objective on shares of Automatic Data Processing from $170.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Morgan Stanley lowered their price objective on shares of Automatic Data Processing from $145.00 to $137.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Moffett Nathanson downgraded shares of Automatic Data Processing from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 7th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Automatic Data Processing has an average rating of “Hold” and a consensus price target of $181.90.
Automatic Data Processing 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.
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