Trilogy Capital Inc. Takes Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Trilogy Capital Inc. purchased a new stake in Automatic Data Processing, Inc. (NASDAQ:ADPFree Report) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 1,119 shares of the business services provider’s stock, valued at approximately $279,000.

Several other large investors have also modified their holdings of the business. Norges Bank purchased a new stake in shares of Automatic Data Processing in the 4th quarter valued at $308,321,000. International Assets Investment Management LLC boosted its position in shares of Automatic Data Processing by 22,539.4% during the 4th quarter. International Assets Investment Management LLC now owns 934,326 shares of the business services provider’s stock worth $217,670,000 after acquiring an additional 930,199 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Automatic Data Processing by 22.5% during the 4th quarter. Capital Research Global Investors now owns 3,543,317 shares of the business services provider’s stock worth $825,487,000 after acquiring an additional 649,791 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Automatic Data Processing by 18.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,576,575 shares of the business services provider’s stock worth $855,287,000 after acquiring an additional 553,946 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Automatic Data Processing by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 39,596,142 shares of the business services provider’s stock worth $9,224,713,000 after acquiring an additional 412,434 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Mizuho upped their target price on Automatic Data Processing from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Monday, March 11th. Evercore ISI increased 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. TD Cowen dropped their price objective on Automatic Data Processing from $253.00 to $251.00 and set a “hold” rating for the company in a research note on Thursday, May 2nd. JPMorgan Chase & Co. dropped their price target on Automatic Data Processing from $254.00 to $250.00 and set an “underweight” rating for the company in a research report on Thursday, May 2nd. Finally, StockNews.com raised Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Tuesday, June 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and an average target price of $255.42.

View Our Latest Stock Analysis on ADP

Automatic Data Processing Trading Up 0.6 %

Shares of ADP stock traded up $1.39 during mid-day trading on Friday, hitting $238.69. 2,595,023 shares of the company’s stock were exchanged, compared to its average volume of 1,635,318. Automatic Data Processing, Inc. has a fifty-two week low of $205.53 and a fifty-two week high of $256.84. The stock has a 50-day simple moving average of $245.79 and a two-hundred day simple moving average of $243.83. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.65. The stock has a market cap of $97.69 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 2.62 and a beta of 0.78.

Automatic Data Processing (NASDAQ:ADPGet Free Report) last issued its earnings results on Wednesday, May 1st. The business services provider reported $2.88 earnings per share for the quarter, beating analysts’ consensus estimates of $2.79 by $0.09. Automatic Data Processing had a return on equity of 93.09% and a net margin of 19.56%. The firm had revenue of $5.30 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter last year, the firm earned $2.52 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities analysts expect that Automatic Data Processing, Inc. will post 9.16 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Friday, June 14th. Automatic Data Processing’s payout ratio is currently 62.50%.

About Automatic Data Processing

(Free Report)

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.

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Institutional Ownership by Quarter for Automatic Data Processing (NASDAQ:ADP)

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