Woodstock Corp Has $13.25 Million Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

Woodstock Corp cut its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,293 shares of the business services provider’s stock after selling 152 shares during the period. Automatic Data Processing makes up 1.7% of Woodstock Corp’s holdings, making the stock its 17th largest position. Woodstock Corp’s holdings in Automatic Data Processing were worth $13,248,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in Automatic Data Processing by 7.1% in the 4th quarter. Victory Capital Management Inc. now owns 351,283 shares of the business services provider’s stock worth $61,896,000 after purchasing an additional 23,346 shares during the period. Savant Capital LLC boosted its stake in shares of Automatic Data Processing by 10.6% during the 4th quarter. Savant Capital LLC now owns 6,460 shares of the business services provider’s stock worth $1,138,000 after buying an additional 618 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Automatic Data Processing by 6.6% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 59,168 shares of the business services provider’s stock worth $10,425,000 after buying an additional 3,687 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Automatic Data Processing by 4.2% during the 4th quarter. Van ECK Associates Corp now owns 51,506 shares of the business services provider’s stock worth $9,075,000 after buying an additional 2,064 shares during the last quarter. Finally, Institute for Wealth Management LLC. boosted its stake in shares of Automatic Data Processing by 14.0% during the 4th quarter. Institute for Wealth Management LLC. now owns 2,436 shares of the business services provider’s stock worth $429,000 after buying an additional 299 shares during the last quarter. 79.65% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on ADP. Mizuho began coverage on shares of Automatic Data Processing in a research note on Wednesday, February 10th. They set a “buy” rating and a $210.00 price objective for the company. Jefferies Financial Group increased their price objective on shares of Automatic Data Processing from $197.00 to $200.00 and gave the stock a “hold” rating in a research note on Wednesday, March 24th. Barclays increased their price objective on shares of Automatic Data Processing from $180.00 to $197.00 and gave the stock an “overweight” rating in a research note on Monday, February 1st. Evercore ISI downgraded shares of Automatic Data Processing from an “outperform” rating to an “underperform” rating and reduced their price objective for the stock from $197.00 to $143.00 in a research note on Tuesday, January 12th. Finally, Wells Fargo & Company lifted their price target on Automatic Data Processing from $200.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, January 28th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $168.53.

NASDAQ ADP traded up $0.72 on Thursday, reaching $186.53. The stock had a trading volume of 8,314 shares, compared to its average volume of 2,085,303. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a fifty day moving average of $181.40 and a two-hundred day moving average of $167.52. Automatic Data Processing, Inc. has a 1-year low of $127.31 and a 1-year high of $193.76. The company has a market cap of $79.82 billion, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 2.39 and a beta of 0.70.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Tuesday, January 26th. The business services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.23. Automatic Data Processing had a return on equity of 46.13% and a net margin of 17.07%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the firm posted $1.52 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. Research analysts predict that Automatic Data Processing, Inc. will post 5.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 1st. Shareholders of record on Friday, June 11th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 1.99%. Automatic Data Processing’s dividend payout ratio is 62.84%.

In other news, VP Stuart Sackman sold 576 shares of the company’s stock in a transaction on Monday, March 15th. The stock was sold at an average price of $185.00, for a total transaction of $106,560.00. Following the completion of the sale, the vice president now directly owns 23,221 shares in the company, valued at approximately $4,295,885. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Deborah L. Dyson sold 600 shares of the company’s stock in a transaction on Monday, January 11th. The shares were sold at an average price of $170.93, for a total value of $102,558.00. Following the sale, the vice president now owns 24,786 shares of the company’s stock, valued at $4,236,670.98. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

Automatic Data Processing Profile

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.

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

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