Hall Laurie J Trustee Has $3.88 Million Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

Hall Laurie J Trustee cut its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP – Get Rating) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,238 shares of the business services provider’s stock after selling 70 shares during the period. Automatic Data Processing makes up approximately 1.7% of Hall Laurie J Trustee’s investment portfolio, making the stock its 18th largest holding. Hall Laurie J Trustee’s holdings in Automatic Data Processing were worth $3,878,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Harbor Investment Advisory LLC boosted its holdings in shares of Automatic Data Processing by 1.0% in the 3rd quarter. Harbor Investment Advisory LLC now owns 4,164 shares of the business services provider’s stock valued at $942,000 after purchasing an additional 41 shares in the last quarter. TCI Wealth Advisors Inc. boosted its holdings in shares of Automatic Data Processing by 8.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 550 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 41 shares in the last quarter. Congress Wealth Management LLC DE boosted its holdings in shares of Automatic Data Processing by 0.6% in the 2nd quarter. Congress Wealth Management LLC DE now owns 6,707 shares of the business services provider’s stock valued at $1,408,000 after purchasing an additional 43 shares in the last quarter. Well Done LLC boosted its holdings in shares of Automatic Data Processing by 3.1% in the 3rd quarter. Well Done LLC now owns 1,545 shares of the business services provider’s stock valued at $349,000 after purchasing an additional 46 shares in the last quarter. Finally, Tradewinds LLC. boosted its holdings in shares of Automatic Data Processing by 1.8% in the 3rd quarter. Tradewinds LLC. now owns 2,574 shares of the business services provider’s stock valued at $582,000 after purchasing an additional 46 shares in the last quarter. 79.24% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing Stock Down 1.2 %

Shares of NASDAQ:ADP opened at $213.22 on Friday. The firm has a market cap of $88.35 billion, a P/E ratio of 28.32, a P/E/G ratio of 2.21 and a beta of 0.81. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.00. Automatic Data Processing, Inc. has a 12-month low of $196.61 and a 12-month high of $274.92. The business has a fifty day simple moving average of $226.90 and a 200 day simple moving average of $237.20.

Automatic Data Processing (NASDAQ:ADP – Get Rating) last announced its earnings results on Wednesday, January 25th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.01. The business had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.39 billion. Automatic Data Processing had a return on equity of 96.94% and a net margin of 18.24%. Automatic Data Processing’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $1.65 EPS. Analysts predict that Automatic Data Processing, Inc. will post 8.12 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, April 1st. Shareholders of record on Friday, March 10th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $5.00 dividend on an annualized basis and a yield of 2.34%. Automatic Data Processing’s payout ratio is currently 66.40%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Mizuho dropped their price target on Automatic Data Processing from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Thursday, January 26th. Barclays dropped their price target on Automatic Data Processing from $280.00 to $278.00 and set an “overweight” rating for the company in a research note on Sunday, January 29th. JPMorgan Chase & Co. dropped their price target on Automatic Data Processing from $253.00 to $245.00 and set an “underweight” rating for the company in a research note on Thursday, January 26th. Wolfe Research increased their price target on Automatic Data Processing from $220.00 to $225.00 in a research note on Thursday, January 5th. Finally, StockNews.com upgraded Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Friday, March 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Automatic Data Processing has an average rating of “Hold” and an average price target of $246.10.

Insiders Place Their Bets

In other Automatic Data Processing news, insider Carlos A. Rodriguez sold 52,254 shares of the stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $234.15, for a total transaction of $12,235,274.10. Following the completion of the sale, the insider now directly owns 44,481 shares in the company, valued at approximately $10,415,226.15. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Automatic Data Processing news, insider Carlos A. Rodriguez sold 52,254 shares of the stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $234.15, for a total transaction of $12,235,274.10. Following the completion of the sale, the insider now directly owns 44,481 shares in the company, valued at approximately $10,415,226.15. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Donald Weinstein sold 11,427 shares of the stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $240.83, for a total value of $2,751,964.41. Following the sale, the vice president now owns 32,950 shares of the company’s stock, valued at $7,935,348.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,350 shares of company stock worth $25,301,670. Company insiders own 0.33% of the company’s stock.

Automatic Data Processing Company Profile

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Automatic Data Processing, Inc engages in the provision of business outsourcing solutions specializing in cloud-based human capital management. It operates through the following business segments: Employer Services, Professional Employer Organization Services, and Other. The Employer Services segment provides clients ranging from single-employee small businesses to large enterprises with tens of thousands of employees around the world, offering a range of human resources outsourcing and technology-based human capital management solutions, including strategic, cloud-based platforms.