Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. lowered its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 58,770 shares of the business services provider’s stock after selling 1,663 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Automatic Data Processing were worth $13,692,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Exchange Traded Concepts LLC raised its position in Automatic Data Processing by 10,832.1% in the third quarter. Exchange Traded Concepts LLC now owns 3,061 shares of the business services provider’s stock worth $736,000 after acquiring an additional 3,033 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in Automatic Data Processing by 3.6% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 4,584 shares of the business services provider’s stock worth $1,103,000 after buying an additional 158 shares during the period. Avestar Capital LLC acquired a new stake in Automatic Data Processing during the 3rd quarter worth about $242,000. Lake Street Financial LLC raised its holdings in Automatic Data Processing by 5.6% during the 3rd quarter. Lake Street Financial LLC now owns 2,582 shares of the business services provider’s stock worth $628,000 after buying an additional 136 shares during the period. Finally, Brookstone Capital Management raised its holdings in Automatic Data Processing by 96.3% during the 3rd quarter. Brookstone Capital Management now owns 14,186 shares of the business services provider’s stock worth $3,491,000 after buying an additional 6,958 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP Don Mcguire sold 11,333 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.00, for a total transaction of $2,776,585.00. Following the completion of the transaction, the vice president now directly owns 19,906 shares in the company, valued at $4,876,970. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Sreenivasa Kutam sold 368 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $247.01, for a total transaction of $90,899.68. Following the completion of the transaction, the vice president now directly owns 20,319 shares in the company, valued at approximately $5,018,996.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Don Mcguire sold 11,333 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.00, for a total value of $2,776,585.00. Following the transaction, the vice president now owns 19,906 shares of the company’s stock, valued at $4,876,970. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,162 shares of company stock worth $3,741,859. 0.26% of the stock is owned by corporate insiders.

Automatic Data Processing Stock Performance

Automatic Data Processing stock traded up $0.57 during trading hours on Monday, reaching $243.64. 478,346 shares of the company were exchanged, compared to its average volume of 1,777,603. The firm has a market cap of $100.09 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 2.28 and a beta of 0.78. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average of $246.70 and a 200 day moving average of $239.12. Automatic Data Processing, Inc. has a 12 month low of $205.53 and a 12 month high of $256.84.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, January 31st. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same period in the previous year, the company earned $1.96 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, research analysts anticipate that Automatic Data Processing, Inc. will post 9.14 earnings per share for the current 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 paid a $1.40 dividend. The ex-dividend date is Friday, June 14th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.30%. Automatic Data Processing’s payout ratio is 65.19%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ADP shares. Mizuho boosted their price objective on Automatic Data Processing from $265.00 to $272.00 and gave the stock a “buy” rating in a report on Monday, March 11th. Evercore ISI upped their target price on Automatic Data Processing from $227.00 to $235.00 and gave the company an “underperform” rating in a report on Tuesday, March 26th. Wolfe Research upgraded Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a report on Thursday, January 4th. Bank of America upgraded Automatic Data Processing from an “underperform” rating to a “neutral” rating and upped their target price for the company from $217.00 to $243.00 in a report on Wednesday, January 17th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $267.00 target price on shares of Automatic Data Processing in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $258.36.

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.