Cwm LLC Sells 1,050 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Cwm LLC lessened its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,863 shares of the business services provider’s stock after selling 1,050 shares during the quarter. Cwm LLC’s holdings in Automatic Data Processing were worth $4,161,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Argus Investors Counsel Inc. lifted its position in shares of Automatic Data Processing by 0.5% in the fourth quarter. Argus Investors Counsel Inc. now owns 8,863 shares of the business services provider’s stock valued at $2,065,000 after acquiring an additional 43 shares in the last quarter. Trust Co. of Toledo NA OH lifted its position in Automatic Data Processing by 0.5% during the third quarter. Trust Co. of Toledo NA OH now owns 8,292 shares of the business services provider’s stock worth $1,995,000 after buying an additional 45 shares in the last quarter. Schechter Investment Advisors LLC lifted its position in Automatic Data Processing by 1.1% during the third quarter. Schechter Investment Advisors LLC now owns 4,151 shares of the business services provider’s stock worth $999,000 after buying an additional 46 shares in the last quarter. Simon Quick Advisors LLC lifted its position in Automatic Data Processing by 1.0% during the fourth quarter. Simon Quick Advisors LLC now owns 4,580 shares of the business services provider’s stock worth $1,067,000 after buying an additional 47 shares in the last quarter. Finally, Allworth Financial LP lifted its position in Automatic Data Processing by 0.7% during the third quarter. Allworth Financial LP now owns 6,886 shares of the business services provider’s stock worth $1,657,000 after buying an additional 48 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 0.2 %

ADP opened at $246.84 on Wednesday. Automatic Data Processing, Inc. has a 12 month low of $201.46 and a 12 month high of $256.84. The stock has a market capitalization of $101.40 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 2.29 and a beta of 0.78. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.01 and a quick ratio of 1.01. The business has a fifty day moving average price of $247.09 and a 200 day moving average price of $239.21.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, January 31st. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.10 by $0.03. Automatic Data Processing had a return on equity of 95.22% and a net margin of 19.14%. The firm had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same period in the previous year, the firm posted $1.96 EPS. Automatic Data Processing’s revenue for the quarter was up 6.3% on a year-over-year basis. Sell-side 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 firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Friday, June 14th. Automatic Data Processing’s dividend payout ratio (DPR) is 65.19%.

Wall Street Analyst Weigh In

ADP has been the topic of a number of analyst reports. Mizuho lifted their price objective on Automatic Data Processing from $265.00 to $272.00 and gave the stock a “buy” rating in a research report on Monday, March 11th. Royal Bank of Canada reiterated a “sector perform” rating and set a $267.00 price objective on shares of Automatic Data Processing in a research report on Thursday, February 1st. StockNews.com cut Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Bank of America raised Automatic Data Processing from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $217.00 to $243.00 in a research note on Wednesday, January 17th. Finally, Evercore ISI raised their target price on Automatic Data Processing from $227.00 to $235.00 and gave the stock an “underperform” rating in a research note on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $254.58.

Insiders Place Their Bets

In other Automatic Data Processing news, VP David Kwon sold 863 shares of Automatic Data Processing stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $250.00, for a total transaction of $215,750.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP David Kwon sold 863 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $250.00, for a total value of $215,750.00. Following the completion of the sale, the vice president now directly owns 8,285 shares of the company’s stock, valued at approximately $2,071,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sreenivasa Kutam sold 368 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $247.01, for a total value of $90,899.68. Following the completion of the sale, the vice president now directly owns 20,319 shares of the company’s stock, valued at $5,018,996.19. The disclosure for this sale can be found here. Insiders sold 15,162 shares of company stock valued at $3,741,859 in the last ninety days. Insiders own 0.26% of the company’s stock.

Automatic Data Processing 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.