Automatic Data Processing, Inc. (NASDAQ:ADP) Stake Lessened by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. trimmed its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 34.7% during the fourth quarter, HoldingsChannel reports. The fund owned 7,407 shares of the business services provider’s stock after selling 3,944 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Automatic Data Processing were worth $2,168,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Dunhill Financial LLC raised its position in shares of Automatic Data Processing by 346.5% during the 3rd quarter. Dunhill Financial LLC now owns 106 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 149 shares in the last quarter. Cyrus J. Lawrence LLC boosted its holdings in shares of Automatic Data Processing by 121.8% in the 4th quarter. Cyrus J. Lawrence LLC now owns 122 shares of the business services provider’s stock valued at $35,000 after buying an additional 67 shares during the period. Sugar Maple Asset Management LLC bought a new stake in shares of Automatic Data Processing during the 4th quarter valued at about $37,000. Wingate Wealth Advisors Inc. acquired a new stake in Automatic Data Processing during the fourth quarter worth about $37,000. Finally, HHM Wealth Advisors LLC bought a new position in Automatic Data Processing in the fourth quarter worth about $41,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing Price Performance

NASDAQ ADP opened at $286.13 on Friday. Automatic Data Processing, Inc. has a 12 month low of $231.27 and a 12 month high of $322.84. The firm has a market capitalization of $116.59 billion, a PE ratio of 29.84, a P/E/G ratio of 3.62 and a beta of 0.74. The company’s 50 day simple moving average is $304.41 and its 200 day simple moving average is $297.03. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.00 and a quick ratio of 1.00.

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 (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.05. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. As a group, equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a dividend of $1.54 per share. The ex-dividend date was Friday, March 14th. This represents a $6.16 annualized dividend and a dividend yield of 2.15%. Automatic Data Processing’s dividend payout ratio (DPR) is 64.23%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADP. Royal Bank of Canada reiterated 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. StockNews.com cut Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. UBS Group upped their price target on shares of Automatic Data Processing from $318.00 to $324.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 4th. Barclays lifted their price objective on shares of Automatic Data Processing from $325.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Jefferies Financial Group upped their target price on shares of Automatic Data Processing from $290.00 to $305.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $302.30.

Insider Transactions at Automatic Data Processing

In related news, VP David Foskett sold 1,067 shares of Automatic Data Processing stock in a transaction on Monday, January 13th. The stock was sold at an average price of $286.15, for a total value of $305,322.05. Following the transaction, the vice president now directly owns 6,140 shares in the company, valued at $1,756,961. The trade was a 14.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Brian L. Michaud sold 1,500 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $305.38, for a total value of $458,070.00. Following the sale, the vice president now directly owns 12,073 shares of the company’s stock, valued at approximately $3,686,852.74. This represents a 11.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,368 shares of company stock valued at $1,903,541 in the last quarter. Insiders own 0.21% 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.