Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,293 shares of the business services provider’s stock after acquiring an additional 479 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Automatic Data Processing were worth $2,165,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ADP. Bfsg LLC purchased a new position in Automatic Data Processing during the fourth quarter worth about $42,000. GAMMA Investing LLC purchased a new stake in Automatic Data Processing in the 4th quarter valued at $599,000. Linden Thomas Advisory Services LLC acquired a new position in Automatic Data Processing in the 4th quarter valued at $262,000. Community Bank & Trust Waco Texas increased its stake in Automatic Data Processing by 9.0% in the 4th quarter. Community Bank & Trust Waco Texas now owns 8,981 shares of the business services provider’s stock valued at $2,092,000 after buying an additional 745 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Automatic Data Processing by 2.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,415 shares of the business services provider’s stock worth $1,029,000 after purchasing an additional 119 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analyst Upgrades and Downgrades

ADP has been the subject of several recent research reports. Mizuho increased their price objective on shares of Automatic Data Processing from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Monday, March 11th. StockNews.com cut shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Wolfe Research upgraded Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a 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 research note on Tuesday, March 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $267.00 target price on shares of Automatic Data Processing in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Automatic Data Processing currently has an average rating of “Hold” and an average target price of $254.58.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP David Kwon sold 863 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $250.00, for a total transaction of $215,750.00. Following the transaction, the vice president now directly owns 8,285 shares of the company’s stock, valued at approximately $2,071,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Automatic Data Processing news, VP Don Mcguire sold 11,333 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.00, for a total transaction of $2,776,585.00. Following the sale, the vice president now directly owns 19,906 shares of the company’s stock, valued at $4,876,970. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David Kwon sold 863 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $250.00, for a total transaction of $215,750.00. Following the transaction, the vice president now directly owns 8,285 shares in the company, valued at approximately $2,071,250. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,162 shares of company stock worth $3,741,859. 0.26% of the stock is currently owned by insiders.

Automatic Data Processing Price Performance

ADP stock traded down $0.34 during trading on Thursday, reaching $246.27. The company’s stock had a trading volume of 540,195 shares, compared to its average volume of 1,787,951. The company has a market capitalization of $101.17 billion, a P/E ratio of 28.71, a price-to-earnings-growth ratio of 2.32 and a beta of 0.78. The company’s fifty day moving average is $247.01 and its 200-day moving average is $239.26. 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, Inc. has a 1 year low of $201.46 and a 1 year high of $256.84.

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

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $1.40 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $5.60 annualized dividend and a dividend yield of 2.27%. Automatic Data Processing’s dividend payout ratio (DPR) is 65.19%.

About Automatic Data Processing

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.