Creative Planning Acquires 7,819 Shares of Automatic Data Processing (ADP)

Creative Planning lifted its position in shares of Automatic Data Processing (NASDAQ:ADP) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,320 shares of the business services provider’s stock after acquiring an additional 7,819 shares during the quarter. Creative Planning’s holdings in Automatic Data Processing were worth $6,131,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its stake in shares of Automatic Data Processing by 1.8% during the 2nd quarter. Proficio Capital Partners LLC now owns 964 shares of the business services provider’s stock worth $111,000 after acquiring an additional 17 shares in the last quarter. Northwest Quadrant Wealth Management LLC boosted its stake in shares of Automatic Data Processing by 0.5% during the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 4,221 shares of the business services provider’s stock worth $458,000 after acquiring an additional 21 shares in the last quarter. Ironwood Investment Management LLC boosted its stake in shares of Automatic Data Processing by 0.7% during the 2nd quarter. Ironwood Investment Management LLC now owns 3,463 shares of the business services provider’s stock worth $355,000 after acquiring an additional 25 shares in the last quarter. Savant Capital LLC boosted its stake in shares of Automatic Data Processing by 0.5% during the 2nd quarter. Savant Capital LLC now owns 4,729 shares of the business services provider’s stock worth $484,000 after acquiring an additional 25 shares in the last quarter. Finally, PagnatoKarp Partners LLC raised its position in shares of Automatic Data Processing by 1.1% during the 2nd quarter. PagnatoKarp Partners LLC now owns 2,643 shares of the business services provider’s stock worth $272,000 after purchasing an additional 29 shares during the last quarter. 78.68% of the stock is currently owned by institutional investors and hedge funds.

ADP has been the subject of several research analyst reports. BidaskClub upgraded shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Zacks Investment Research upgraded shares of Automatic Data Processing from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and set a $108.00 price target on shares of Automatic Data Processing in a research report on Wednesday, October 4th. Bank of America upped their price target on shares of Automatic Data Processing from $111.00 to $114.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Finally, Barclays upped their price target on shares of Automatic Data Processing from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. Automatic Data Processing has a consensus rating of “Hold” and a consensus target price of $115.21.

Shares of Automatic Data Processing (NASDAQ ADP) opened at $121.44 on Friday. The company has a market cap of $53,617.90, a PE ratio of 30.90, a price-to-earnings-growth ratio of 2.99 and a beta of 0.85. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.51. Automatic Data Processing has a 1-year low of $94.11 and a 1-year high of $122.90.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.06. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.06 billion. Automatic Data Processing had a net margin of 14.08% and a return on equity of 42.34%. Automatic Data Processing’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 EPS. equities research analysts expect that Automatic Data Processing will post 3.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be issued a $0.63 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.52 dividend on an annualized basis and a yield of 2.08%. Automatic Data Processing’s payout ratio is 64.12%.

In other Automatic Data Processing news, CEO Carlos A. Rodriguez sold 95,756 shares of the stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $118.09, for a total value of $11,307,826.04. Following the completion of the sale, the chief executive officer now owns 124,722 shares in the company, valued at approximately $14,728,420.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Maria Black sold 1,786 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $119.72, for a total transaction of $213,819.92. Following the completion of the sale, the vice president now owns 11,858 shares of the company’s stock, valued at approximately $1,419,639.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,291 shares of company stock valued at $13,826,607. 0.25% of the stock is owned by insiders.

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Automatic Data Processing Profile

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services.

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

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