Mcdaniel Terry & Co. Acquires 738 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Mcdaniel Terry & Co. grew its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,918 shares of the business services provider’s stock after purchasing an additional 738 shares during the period. Automatic Data Processing makes up approximately 4.3% of Mcdaniel Terry & Co.’s investment portfolio, making the stock its 5th largest holding. Mcdaniel Terry & Co.’s holdings in Automatic Data Processing were worth $51,172,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bogart Wealth LLC grew its holdings in Automatic Data Processing by 0.6% during the third quarter. Bogart Wealth LLC now owns 27,077 shares of the business services provider’s stock worth $7,493,000 after acquiring an additional 150 shares during the period. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new position in Automatic Data Processing during the third quarter worth about $1,570,000. International Assets Investment Management LLC boosted its position in shares of Automatic Data Processing by 28,478.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,194,587 shares of the business services provider’s stock valued at $3,305,780,000 after purchasing an additional 1,190,407 shares during the period. McAdam LLC boosted its position in shares of Automatic Data Processing by 6.7% in the 3rd quarter. McAdam LLC now owns 1,794 shares of the business services provider’s stock valued at $496,000 after purchasing an additional 112 shares during the period. Finally, Monte Financial Group LLC boosted its position in shares of Automatic Data Processing by 1.1% in the 3rd quarter. Monte Financial Group LLC now owns 16,634 shares of the business services provider’s stock valued at $4,603,000 after purchasing an additional 173 shares during the period. 80.03% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing Stock Down 0.2 %

Shares of Automatic Data Processing stock opened at $289.43 on Friday. The firm has a market cap of $118.46 billion, a price-to-earnings ratio of 32.30, a P/E/G ratio of 3.13 and a beta of 0.79. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.01 and a quick ratio of 1.01. Automatic Data Processing, Inc. has a 52-week low of $205.53 and a 52-week high of $294.18. The stock has a 50-day simple moving average of $278.40 and a 200-day simple moving average of $257.89.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.03. The business had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.74 billion. Automatic Data Processing had a return on equity of 89.20% and a net margin of 19.54%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.89 EPS. On average, equities research analysts expect that Automatic Data Processing, Inc. will post 10.04 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, September 13th. Automatic Data Processing’s payout ratio is 62.50%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ADP shares. Bank of America increased their price target on Automatic Data Processing from $250.00 to $267.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. StockNews.com lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Stifel Nicolaus raised their price objective on Automatic Data Processing from $271.00 to $287.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Jefferies Financial Group raised their price objective on Automatic Data Processing from $260.00 to $290.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, UBS Group raised their price objective on Automatic Data Processing from $270.00 to $295.00 and gave the stock a “neutral” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $275.33.

Insider Activity at Automatic Data Processing

In related news, CEO Maria Black sold 19,147 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $274.38, for a total value of $5,253,553.86. Following the transaction, the chief executive officer now directly owns 92,807 shares of the company’s stock, valued at approximately $25,464,384.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Maria Black sold 19,147 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $274.38, for a total value of $5,253,553.86. Following the transaction, the chief executive officer now directly owns 92,807 shares of the company’s stock, valued at approximately $25,464,384.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael A. Bonarti sold 26,442 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $270.96, for a total value of $7,164,724.32. Following the completion of the transaction, the vice president now directly owns 88,426 shares in the company, valued at $23,959,908.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,817 shares of company stock valued at $15,999,208. Corporate insiders own 0.26% of the company’s stock.

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.