Seaward Management Limited Partnership decreased its holdings in shares of Automatic Data Processing (NASDAQ:ADP) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,120 shares of the business services provider’s stock after selling 1,430 shares during the period. Seaward Management Limited Partnership’s holdings in Automatic Data Processing were worth $16,957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of ADP. Acrospire Investment Management LLC acquired a new position in shares of Automatic Data Processing in the second quarter worth about $102,000. Proficio Capital Partners LLC boosted its holdings in shares of Automatic Data Processing by 1.8% in the second 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 during the period. Grove Bank & Trust boosted its holdings in shares of Automatic Data Processing by 16.4% in the second 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 during the period. Armbruster Capital Management Inc. boosted its holdings in shares of Automatic Data Processing by 2.5% in the second 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 during the period. Finally, San Francisco Sentry Investment Group CA acquired a new position in shares of Automatic Data Processing in the second quarter worth about $136,000. Institutional investors own 78.62% of the company’s stock.

Shares of Automatic Data Processing (NASDAQ ADP) opened at $117.86 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.51. The stock has a market cap of $52,491.44, a P/E ratio of 31.65, a PEG ratio of 2.93 and a beta of 0.85. Automatic Data Processing has a 52-week low of $94.11 and a 52-week high of $121.77.

Automatic Data Processing (NASDAQ:ADP) last posted 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 business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.06 billion. Automatic Data Processing had a net margin of 14.08% and a return on equity of 42.34%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 earnings per share. research analysts anticipate that Automatic Data Processing will post 3.91 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 8th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.14%. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $0.57. The ex-dividend date is Thursday, December 7th. Automatic Data Processing’s dividend payout ratio is 64.12%.

ADP has been the subject of several recent analyst reports. BidaskClub cut shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Morgan Stanley upgraded shares of Automatic Data Processing from an “underweight” rating to an “equal” rating and set a $114.00 target price for the company in a report on Tuesday, November 14th. Sanford C. Bernstein raised their target price on shares of Automatic Data Processing from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Bank of America upgraded shares of Automatic Data Processing from a “neutral” rating to a “buy” rating in a report on Tuesday, December 5th. Finally, Barclays raised their target price on shares of Automatic Data Processing from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $114.14.

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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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