ROI Financial Advisors LLC Lowers Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

ROI Financial Advisors LLC trimmed its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,683 shares of the business services provider’s stock after selling 43 shares during the period. Automatic Data Processing accounts for 1.1% of ROI Financial Advisors LLC’s portfolio, making the stock its 23rd biggest position. ROI Financial Advisors LLC’s holdings in Automatic Data Processing were worth $1,663,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Dunhill Financial LLC lifted its holdings in shares of Automatic Data Processing by 346.5% during the third quarter. Dunhill Financial LLC now owns 106 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 149 shares during the last quarter. Cyrus J. Lawrence LLC increased its position in Automatic Data Processing by 121.8% during the 4th quarter. Cyrus J. Lawrence LLC now owns 122 shares of the business services provider’s stock valued at $35,000 after buying an additional 67 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in Automatic Data Processing during the 4th quarter valued at approximately $37,000. Wingate Wealth Advisors Inc. bought a new stake in Automatic Data Processing in the fourth quarter worth $37,000. Finally, HHM Wealth Advisors LLC bought a new stake in Automatic Data Processing in the fourth quarter worth $41,000. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of ADP opened at $286.13 on Friday. Automatic Data Processing, Inc. has a one year low of $231.27 and a one year high of $322.84. The business has a fifty day moving average of $304.41 and a 200 day moving average of $297.03. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $116.59 billion, a P/E ratio of 29.84, a PEG ratio of 3.62 and a beta of 0.74.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.35 EPS for the quarter, beating the consensus estimate of $2.30 by $0.05. Automatic Data Processing had a net margin of 19.76% and a return on equity of 80.86%. As a group, sell-side analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, March 14th. Automatic Data Processing’s dividend payout ratio is presently 64.23%.

Analyst Ratings Changes

ADP has been the subject of several recent analyst reports. Jefferies Financial Group lifted their price target on Automatic Data Processing from $290.00 to $305.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. StockNews.com downgraded shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $315.00 price target on shares of Automatic Data Processing in a research report on Thursday, January 30th. Barclays upped their price objective on Automatic Data Processing from $325.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, UBS Group lifted their target price on Automatic Data Processing from $318.00 to $324.00 and gave the stock a “neutral” rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $302.30.

Insider Transactions at Automatic Data Processing

In related news, VP Jonathan S. Lehberger sold 2,324 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $303.30, for a total transaction of $704,869.20. Following the completion of the transaction, the vice president now directly owns 3,063 shares in the company, valued at approximately $929,007.90. The trade was a 43.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David Foskett sold 1,004 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $289.29, for a total transaction of $290,447.16. Following the sale, the vice president now owns 5,958 shares in the company, valued at approximately $1,723,589.82. The trade was a 14.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,368 shares of company stock worth $1,903,541 in the last three months. Corporate insiders own 0.21% of the company’s stock.

About Automatic Data Processing

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.