Perigon Wealth Management LLC decreased its position in shares of Automatic Data Processing (NYSE:ADP) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,445 shares of the business services provider’s stock after selling 175 shares during the period. Perigon Wealth Management LLC’s holdings in Automatic Data Processing were worth $1,384,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Goelzer Investment Management Inc. increased its stake in shares of Automatic Data Processing by 0.3% in the first quarter. Goelzer Investment Management Inc. now owns 4,239 shares of the business services provider’s stock worth $434,000 after buying an additional 12 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in Automatic Data Processing by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,740 shares of the business services provider’s stock valued at $178,000 after buying an additional 12 shares during the period. Flagship Harbor Advisors LLC boosted its position in Automatic Data Processing by 0.6% in the first quarter. Flagship Harbor Advisors LLC now owns 2,778 shares of the business services provider’s stock valued at $282,000 after buying an additional 16 shares during the period. Middleton & Co Inc MA boosted its position in Automatic Data Processing by 0.4% in the first quarter. Middleton & Co Inc MA now owns 5,306 shares of the business services provider’s stock valued at $543,000 after buying an additional 20 shares during the period. Finally, Parallel Advisors LLC boosted its position in Automatic Data Processing by 0.6% in the first quarter. Parallel Advisors LLC now owns 4,495 shares of the business services provider’s stock valued at $438,000 after buying an additional 26 shares during the period.

Shares of Automatic Data Processing (ADP) traded down 0.08% during mid-day trading on Wednesday, hitting $111.49. 1,187,788 shares of the stock were exchanged. Automatic Data Processing has a 1-year low of $85.48 and a 1-year high of $121.77. The firm has a market cap of $49.54 billion and a price-to-earnings ratio of 28.96. The company’s 50-day moving average is $106.77 and its 200-day moving average is $102.73.

Automatic Data Processing (NYSE:ADP) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.67 by $0.02. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.04 billion. Automatic Data Processing had a net margin of 17.24% and a return on equity of 59.56%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 EPS. Equities research analysts anticipate that Automatic Data Processing will post $3.82 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 8th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, September 7th.

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ADP has been the subject of several recent analyst reports. Argus decreased their target price on shares of Automatic Data Processing from $118.00 to $101.50 and set a “buy” rating for the company in a research report on Wednesday, May 31st. Zacks Investment Research cut shares of Automatic Data Processing from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Robert W. Baird restated a “neutral” rating and issued a $95.00 target price on shares of Automatic Data Processing in a research report on Sunday, July 30th. Morgan Stanley cut shares of Automatic Data Processing from an “equal weight” rating to an “underweight” rating and upped their target price for the stock from $98.00 to $100.00 in a research report on Thursday, August 3rd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $105.00 target price (up previously from $100.00) on shares of Automatic Data Processing in a research report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $104.96.

In other news, CEO Carlos A. Rodriguez sold 36,363 shares of Automatic Data Processing stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $110.00, for a total transaction of $3,999,930.00. Following the completion of the sale, the chief executive officer now owns 146,494 shares in the company, valued at approximately $16,114,340. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Carlos A. Rodriguez sold 49,392 shares of Automatic Data Processing stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $100.01, for a total transaction of $4,939,693.92. Following the sale, the chief executive officer now owns 159,403 shares of the company’s stock, valued at approximately $15,941,894.03. The disclosure for this sale can be found here. Insiders sold a total of 90,620 shares of company stock valued at $9,435,757 in the last 90 days.

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.

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

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