G&S Capital LLC Buys Shares of 28,349 Automatic Data Processing (ADP)

G&S Capital LLC bought a new position in shares of Automatic Data Processing (NASDAQ:ADP) during the fourth quarter, HoldingsChannel reports. The firm bought 28,349 shares of the business services provider’s stock, valued at approximately $3,322,000. Automatic Data Processing makes up approximately 2.4% of G&S Capital LLC’s holdings, making the stock its 13th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Intl Fcstone Inc. purchased a new position in shares of Automatic Data Processing in the 2nd quarter valued at $1,699,000. AMP Capital Investors Ltd grew its position in shares of Automatic Data Processing by 20.0% in the 3rd quarter. AMP Capital Investors Ltd now owns 307,676 shares of the business services provider’s stock valued at $33,636,000 after buying an additional 51,252 shares during the last quarter. AHL Partners LLP grew its position in shares of Automatic Data Processing by 37.3% in the 2nd quarter. AHL Partners LLP now owns 109,735 shares of the business services provider’s stock valued at $11,243,000 after buying an additional 29,836 shares during the last quarter. Fundsmith LLP grew its position in shares of Automatic Data Processing by 29.0% in the 2nd quarter. Fundsmith LLP now owns 5,176,340 shares of the business services provider’s stock valued at $530,368,000 after buying an additional 1,164,972 shares during the last quarter. Finally, Caxton Associates LP purchased a new position in shares of Automatic Data Processing in the 2nd quarter valued at $594,000. Institutional investors own 78.57% of the company’s stock.

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In related news, CEO Carlos A. Rodriguez sold 95,756 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $118.09, for a total value of $11,307,826.04. Following the completion of the sale, the chief executive officer now directly owns 124,722 shares in the company, valued at $14,728,420.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Donald Weinstein sold 2,275 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $116.03, for a total transaction of $263,968.25. Following the completion of the sale, the vice president now owns 27,399 shares of the company’s stock, valued at $3,179,105.97. The disclosure for this sale can be found here. In the last three months, insiders sold 219,666 shares of company stock valued at $25,650,681. Company insiders own 0.25% of the company’s stock.

ADP has been the topic of a number of recent analyst reports. Citigroup reaffirmed a “neutral” rating and issued a $118.00 target price (up from $110.00) on shares of Automatic Data Processing in a research report on Friday, January 12th. BMO Capital Markets lowered their price objective on shares of Automatic Data Processing from $122.00 to $121.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. BidaskClub downgraded shares of Automatic Data Processing from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Zacks Investment Research downgraded shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Stifel Nicolaus raised their price objective on shares of Automatic Data Processing from $113.00 to $133.00 and gave the stock a “hold” rating in a research report on Thursday, February 1st. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $118.43.

Automatic Data Processing (NASDAQ ADP) opened at $117.53 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. The stock has a market cap of $52,673.74, a PE ratio of 30.53, a price-to-earnings-growth ratio of 2.61 and a beta of 0.90. Automatic Data Processing has a 52-week low of $95.50 and a 52-week high of $125.24.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, January 31st. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Automatic Data Processing had a net margin of 13.47% and a return on equity of 43.28%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 earnings per share. equities analysts expect that Automatic Data Processing will post 4.14 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, March 8th. Automatic Data Processing’s payout ratio is currently 65.45%.

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About Automatic Data Processing

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 (NASDAQ:ADP)

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