Beaumont Financial Advisors LLC Sells 1,253 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Beaumont Financial Advisors LLC lessened its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 28.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,077 shares of the business services provider’s stock after selling 1,253 shares during the period. Beaumont Financial Advisors LLC’s holdings in Automatic Data Processing were worth $717,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. OFI Invest Asset Management bought a new stake in shares of Automatic Data Processing in the third quarter valued at about $25,000. Coppell Advisory Solutions LLC purchased a new position in Automatic Data Processing during the second quarter valued at approximately $30,000. Strategic Investment Solutions Inc. IL purchased a new stake in Automatic Data Processing during the first quarter worth $31,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Automatic Data Processing in the 4th quarter valued at approximately $33,000. Finally, Fortitude Family Office LLC acquired a new position in Automatic Data Processing during the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wolfe Research raised Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. Evercore ISI boosted their price target on Automatic Data Processing from $227.00 to $235.00 and gave the company an “underperform” rating in a report on Tuesday, March 26th. Royal Bank of Canada restated a “sector perform” rating and issued a $267.00 price objective on shares of Automatic Data Processing in a research report on Thursday, February 1st. Bank of America upgraded shares of Automatic Data Processing from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $217.00 to $243.00 in a research note on Wednesday, January 17th. Finally, StockNews.com cut shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $254.58.

Insider Buying and Selling at Automatic Data Processing

In related news, VP Sreenivasa Kutam sold 694 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $249.43, for a total value of $173,104.42. Following the sale, the vice president now owns 20,687 shares of the company’s stock, valued at $5,159,958.41. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Sreenivasa Kutam sold 694 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $249.43, for a total value of $173,104.42. Following the transaction, the vice president now owns 20,687 shares of the company’s stock, valued at $5,159,958.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph Desilva sold 1,904 shares of Automatic Data Processing stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $255.00, for a total value of $485,520.00. Following the sale, the vice president now directly owns 17,179 shares of the company’s stock, valued at $4,380,645. The disclosure for this sale can be found here. Insiders have sold 15,162 shares of company stock valued at $3,741,859 in the last quarter. Corporate insiders own 0.26% of the company’s stock.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $243.31 on Friday. The stock has a market capitalization of $99.95 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 2.27 and a beta of 0.78. Automatic Data Processing, Inc. has a 52 week low of $201.46 and a 52 week high of $256.84. The firm has a 50-day simple moving average of $247.22 and a 200-day simple moving average of $239.23. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.69.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, January 31st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. The company had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.65 billion. Automatic Data Processing had a return on equity of 95.22% and a net margin of 19.14%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.96 earnings per share. On average, equities analysts predict that Automatic Data Processing, Inc. will post 9.14 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a dividend of $1.40 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $5.60 annualized dividend and a yield of 2.30%. Automatic Data Processing’s payout ratio is 65.19%.

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.