Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Bought by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. lifted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,359 shares of the business services provider’s stock after purchasing an additional 363 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Automatic Data Processing were worth $1,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Moloney Securities Asset Management LLC bought a new stake in Automatic Data Processing during the 3rd quarter valued at $209,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Automatic Data Processing by 5.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 280,961 shares of the business services provider’s stock valued at $77,750,000 after purchasing an additional 15,340 shares in the last quarter. RIA Advisory Group LLC bought a new stake in shares of Automatic Data Processing during the third quarter valued at about $470,000. Dash Acquisitions Inc. lifted its holdings in Automatic Data Processing by 5.6% in the third quarter. Dash Acquisitions Inc. now owns 52,329 shares of the business services provider’s stock worth $15,069,000 after purchasing an additional 2,781 shares during the period. Finally, DRW Securities LLC bought a new position in Automatic Data Processing in the 3rd quarter valued at about $951,000. Institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADP. TD Cowen upped their price target on shares of Automatic Data Processing from $276.00 to $285.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Barclays increased their price target on Automatic Data Processing from $310.00 to $325.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Royal Bank of Canada boosted their price objective on Automatic Data Processing from $267.00 to $315.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 31st. StockNews.com cut Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Mizuho boosted their price target on shares of Automatic Data Processing from $281.00 to $310.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $289.91.

Automatic Data Processing Stock Performance

Shares of ADP opened at $300.15 on Tuesday. Automatic Data Processing, Inc. has a one year low of $231.27 and a one year high of $309.63. The company has a 50-day moving average of $297.13 and a two-hundred day moving average of $282.77. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $122.30 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 3.45 and a beta of 0.79.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, October 30th. The business services provider reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.12. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.77 billion. Automatic Data Processing had a net margin of 19.72% and a return on equity of 82.36%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.08 EPS. On average, equities research analysts expect that Automatic Data Processing, Inc. will post 9.94 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $1.54 per share. The ex-dividend date is Friday, March 14th. This represents a $6.16 dividend on an annualized basis and a yield of 2.05%. Automatic Data Processing’s payout ratio is presently 65.74%.

Insider Buying and Selling at Automatic Data Processing

In related news, CEO Maria Black sold 721 shares of Automatic Data Processing stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $291.59, for a total transaction of $210,236.39. Following the completion of the sale, the chief executive officer now owns 68,856 shares of the company’s stock, valued at approximately $20,077,721.04. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sreenivasa Kutam sold 38,975 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $300.00, for a total value of $11,692,500.00. Following the completion of the transaction, the vice president now directly owns 32,604 shares in the company, valued at approximately $9,781,200. The trade was a 54.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,129 shares of company stock valued at $12,604,872 in the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

Automatic Data Processing Company Profile

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.