Ashfield Capital Partners LLC decreased its position in shares of Automatic Data Processing (NASDAQ:ADP) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,389 shares of the business services provider’s stock after selling 2,063 shares during the quarter. Ashfield Capital Partners LLC’s holdings in Automatic Data Processing were worth $3,327,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Beach Investment Management LLC. bought a new stake in Automatic Data Processing during the second quarter valued at about $2,271,000. CIBC World Markets Inc. boosted its position in Automatic Data Processing by 152.9% during the second quarter. CIBC World Markets Inc. now owns 32,079 shares of the business services provider’s stock valued at $3,287,000 after purchasing an additional 19,393 shares in the last quarter. Wells Fargo & Company MN boosted its position in Automatic Data Processing by 2.9% during the second quarter. Wells Fargo & Company MN now owns 6,794,660 shares of the business services provider’s stock valued at $696,182,000 after purchasing an additional 190,717 shares in the last quarter. AXA boosted its position in Automatic Data Processing by 62.9% during the second quarter. AXA now owns 786,709 shares of the business services provider’s stock valued at $80,606,000 after purchasing an additional 303,815 shares in the last quarter. Finally, Northwest Quadrant Wealth Management LLC boosted its position in Automatic Data Processing by 0.5% during the second quarter. Northwest Quadrant Wealth Management LLC now owns 4,221 shares of the business services provider’s stock valued at $458,000 after purchasing an additional 21 shares in the last quarter. 78.84% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Donald Weinstein sold 3,242 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $125.00, for a total value of $405,250.00. Following the completion of the transaction, the vice president now directly owns 28,366 shares in the company, valued at $3,545,750. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Stuart Sackman sold 238 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $121.65, for a total value of $28,952.70. Following the completion of the transaction, the vice president now owns 18,676 shares of the company’s stock, valued at $2,271,935.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 219,666 shares of company stock valued at $25,650,681. 0.25% of the stock is currently owned by company insiders.
Shares of Automatic Data Processing (ADP) opened at $116.47 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. Automatic Data Processing has a 12 month low of $95.50 and a 12 month high of $125.24. The company has a market capitalization of $51,630.00, a PE ratio of 30.98, a price-to-earnings-growth ratio of 2.57 and a beta of 0.86.
Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, January 31st. The business services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.10. Automatic Data Processing had a return on equity of 43.28% and a net margin of 13.47%. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same period last year, the business posted $0.87 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. equities research analysts predict that Automatic Data Processing will post 4.17 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, March 8th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 67.02%.
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Automatic Data Processing Company 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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