HHM Wealth Advisors LLC Makes New Investment in Automatic Data Processing, Inc. (NASDAQ:ADP)

HHM Wealth Advisors LLC acquired a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 139 shares of the business services provider’s stock, valued at approximately $41,000.

Other institutional investors also recently added to or reduced their stakes in the company. McAdam LLC boosted its holdings in shares of Automatic Data Processing by 13.5% during the fourth quarter. McAdam LLC now owns 2,036 shares of the business services provider’s stock worth $596,000 after purchasing an additional 242 shares during the last quarter. Round Rock Advisors LLC acquired a new stake in Automatic Data Processing in the 4th quarter worth about $225,000. U.S. Capital Wealth Advisors LLC grew its holdings in Automatic Data Processing by 29.8% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 5,435 shares of the business services provider’s stock valued at $1,591,000 after buying an additional 1,249 shares during the period. Avantra Family Wealth Inc. acquired a new position in shares of Automatic Data Processing during the 4th quarter valued at about $509,000. Finally, Osborne Partners Capital Management LLC lifted its holdings in shares of Automatic Data Processing by 1.0% during the 4th quarter. Osborne Partners Capital Management LLC now owns 51,840 shares of the business services provider’s stock worth $15,175,000 after acquiring an additional 488 shares during the period. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Up 1.4 %

Shares of Automatic Data Processing stock opened at $307.32 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50-day moving average of $297.16 and a two-hundred day moving average of $284.84. Automatic Data Processing, Inc. has a 1 year low of $231.27 and a 1 year high of $311.67. The company has a market capitalization of $125.22 billion, a P/E ratio of 32.05, a price-to-earnings-growth ratio of 3.52 and a beta of 0.79.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.05. Automatic Data Processing had a net margin of 19.76% and a return on equity of 80.86%. As a group, equities analysts predict that Automatic Data Processing, Inc. will post 9.94 EPS for the current year.

Automatic Data Processing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, March 14th. Automatic Data Processing’s dividend payout ratio is presently 64.23%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. TD Cowen lifted their price target on shares of Automatic Data Processing from $276.00 to $285.00 and gave the company a “hold” rating in a report on Friday, November 1st. Royal Bank of Canada reissued a “sector perform” rating and set a $315.00 price target on shares of Automatic Data Processing in a research report on Thursday, January 30th. 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 report on Tuesday, October 22nd. StockNews.com cut Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Finally, Barclays lifted their target price on shares of Automatic Data Processing from $325.00 to $350.00 and gave the company an “overweight” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Automatic Data Processing has an average rating of “Hold” and a consensus price target of $293.55.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP Sreenivasa Kutam sold 38,975 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $300.00, for a total transaction of $11,692,500.00. Following the sale, the vice president now owns 32,604 shares of the company’s stock, valued at approximately $9,781,200. The trade was a 54.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Brian L. Michaud sold 362 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $293.83, for a total transaction of $106,366.46. Following the completion of the transaction, the vice president now owns 13,706 shares of the company’s stock, valued at approximately $4,027,233.98. This trade represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,129 shares of company stock worth $12,604,872. Insiders own 0.21% of the company’s stock.

Automatic Data Processing 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.