Strategic Blueprint LLC Sells 336 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Strategic Blueprint LLC decreased its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 7.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,118 shares of the business services provider’s stock after selling 336 shares during the quarter. Strategic Blueprint LLC’s holdings in Automatic Data Processing were worth $1,206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nvest Financial LLC boosted its stake in shares of Automatic Data Processing by 28.1% in the 4th quarter. Nvest Financial LLC now owns 4,017 shares of the business services provider’s stock valued at $1,176,000 after purchasing an additional 880 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Automatic Data Processing by 5.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 279,327 shares of the business services provider’s stock valued at $81,767,000 after buying an additional 14,161 shares during the period. R Squared Ltd bought a new position in Automatic Data Processing during the fourth quarter valued at about $158,000. BSW Wealth Partners grew its position in Automatic Data Processing by 2.9% during the fourth quarter. BSW Wealth Partners now owns 3,721 shares of the business services provider’s stock valued at $1,089,000 after buying an additional 104 shares during the period. Finally, Stonegate Investment Group LLC boosted its position in Automatic Data Processing by 49.5% during the fourth quarter. Stonegate Investment Group LLC now owns 2,266 shares of the business services provider’s stock worth $663,000 after purchasing an additional 750 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Wall Street Analyst Weigh In

ADP has been the subject of a number of analyst reports. Mizuho raised their price objective on shares of Automatic Data Processing from $281.00 to $310.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. UBS Group raised their target price on shares of Automatic Data Processing from $270.00 to $295.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Jefferies Financial Group lifted their price target on shares of Automatic Data Processing from $260.00 to $290.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. TD Cowen upped their target price on shares of Automatic Data Processing from $276.00 to $285.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Barclays upped their target price on shares of Automatic Data Processing from $310.00 to $325.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $289.91.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP David Foskett sold 1,067 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $286.15, for a total transaction of $305,322.05. Following the completion of the sale, the vice president now owns 6,140 shares of the company’s stock, valued at approximately $1,756,961. The trade was a 14.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sreenivasa Kutam sold 38,975 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $300.00, for a total value of $11,692,500.00. Following the sale, the vice president now directly owns 32,604 shares of the company’s stock, valued at approximately $9,781,200. This trade represents a 54.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,129 shares of company stock valued at $12,604,872 over the last three months. 0.21% of the stock is currently owned by insiders.

Automatic Data Processing Price Performance

ADP opened at $300.57 on Thursday. The stock’s 50-day moving average price is $297.19 and its 200 day moving average price is $283.65. Automatic Data Processing, Inc. has a 12-month low of $231.27 and a 12-month high of $311.67. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. The firm has a market cap of $122.47 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 3.45 and a beta of 0.79.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. Automatic Data Processing had a return on equity of 82.36% and a net margin of 19.72%. As a group, sell-side analysts expect that Automatic Data Processing, Inc. will post 9.94 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $1.54 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.05%. Automatic Data Processing’s dividend payout ratio (DPR) is 65.74%.

About Automatic Data Processing

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.