Unigestion Holding SA Has $46.52 Million Stock Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Unigestion Holding SA lessened its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 4.1% during the first quarter, Holdings Channel reports. The institutional investor owned 152,292 shares of the business services provider’s stock after selling 6,576 shares during the quarter. Automatic Data Processing comprises approximately 2.7% of Unigestion Holding SA’s portfolio, making the stock its 7th largest holding. Unigestion Holding SA’s holdings in Automatic Data Processing were worth $46,521,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sentry Investment Management LLC bought a new position in shares of Automatic Data Processing in the first quarter valued at $390,000. RFG Advisory LLC grew its stake in shares of Automatic Data Processing by 10.8% in the first quarter. RFG Advisory LLC now owns 7,666 shares of the business services provider’s stock valued at $2,342,000 after buying an additional 747 shares in the last quarter. Merit Financial Group LLC boosted its stake in shares of Automatic Data Processing by 15.7% during the 1st quarter. Merit Financial Group LLC now owns 17,448 shares of the business services provider’s stock worth $5,331,000 after acquiring an additional 2,371 shares during the period. Milestone Asset Management LLC acquired a new position in shares of Automatic Data Processing during the 1st quarter worth approximately $2,505,000. Finally, Hummer Financial Advisory Services Inc increased its holdings in shares of Automatic Data Processing by 2.1% during the 1st quarter. Hummer Financial Advisory Services Inc now owns 4,950 shares of the business services provider’s stock worth $1,520,000 after acquiring an additional 100 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Insider Activity

In other Automatic Data Processing news, VP Brian L. Michaud sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $305.38, for a total value of $458,070.00. Following the completion of the sale, the vice president now owns 12,073 shares of the company’s stock, valued at approximately $3,686,852.74. This trade represents a 11.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher D’ambrosio sold 473 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $306.20, for a total value of $144,832.60. Following the completion of the sale, the vice president now directly owns 7,244 shares of the company’s stock, valued at $2,218,112.80. This trade represents a 6.13% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,451 shares of company stock valued at $743,024. Company insiders own 0.21% of the company’s stock.

Automatic Data Processing Price Performance

Shares of ADP stock opened at $325.80 on Tuesday. The business has a fifty day simple moving average of $304.21 and a 200 day simple moving average of $301.89. The company has a market cap of $132.25 billion, a P/E ratio of 33.97, a P/E/G ratio of 3.62 and a beta of 0.76. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $327.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.59.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, April 30th. The business services provider reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. The business had revenue of $5.55 billion during the quarter, compared to analysts’ expectations of $5.49 billion. During the same quarter in the prior year, the firm earned $2.88 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, sell-side analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $1.54 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.16 annualized dividend and a dividend yield of 1.89%. Automatic Data Processing’s payout ratio is 63.05%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ADP shares. Royal Bank of Canada reissued a “sector perform” rating and set a $315.00 target price on shares of Automatic Data Processing in a report on Thursday, May 1st. Barclays boosted their target price on Automatic Data Processing from $325.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Wall Street Zen lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. TD Securities boosted their target price on Automatic Data Processing from $298.00 to $321.00 and gave the stock a “hold” rating in a report on Wednesday, May 21st. Finally, UBS Group boosted their price target on Automatic Data Processing from $318.00 to $324.00 and gave the company a “neutral” rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $305.64.

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.