Bryce Point Capital LLC Takes Position in ADT Inc. (NYSE:ADT)

Bryce Point Capital LLC bought a new stake in ADT Inc. (NYSE:ADT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 69,793 shares of the security and automation business’s stock, valued at approximately $482,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ADT. The Manufacturers Life Insurance Company increased its holdings in ADT by 0.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 172,226 shares of the security and automation business’s stock valued at $1,245,000 after buying an additional 1,343 shares during the period. FMR LLC increased its stake in ADT by 1.4% in the third quarter. FMR LLC now owns 2,003,325 shares of the security and automation business’s stock valued at $14,484,000 after acquiring an additional 27,711 shares during the period. BNP Paribas Financial Markets increased its stake in ADT by 911.6% in the third quarter. BNP Paribas Financial Markets now owns 195,810 shares of the security and automation business’s stock valued at $1,416,000 after acquiring an additional 176,454 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in ADT by 31.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 72,028 shares of the security and automation business’s stock worth $521,000 after purchasing an additional 17,145 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in ADT by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 922,325 shares of the security and automation business’s stock worth $6,668,000 after purchasing an additional 9,732 shares during the period. 87.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on ADT. Barclays upgraded ADT from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $7.00 to $9.00 in a research note on Friday. Morgan Stanley upped their price target on ADT from $8.50 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $9.00 price objective on shares of ADT in a report on Wednesday, January 29th.

ADT Stock Performance

NYSE:ADT opened at $7.98 on Friday. The stock has a market capitalization of $6.99 billion, a P/E ratio of 8.67 and a beta of 1.58. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93. ADT Inc. has a 1 year low of $6.10 and a 1 year high of $8.39. The firm has a 50 day moving average of $7.72 and a 200-day moving average of $7.41.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were given a $0.055 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.22 annualized dividend and a yield of 2.76%. ADT’s payout ratio is 41.51%.

About ADT

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.