235 Shares in Automatic Data Processing, Inc. (NASDAQ:ADP) Bought by Hager Investment Management Services LLC

Hager Investment Management Services LLC bought a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 235 shares of the business services provider’s stock, valued at approximately $69,000.

Several other large investors also recently modified their holdings of ADP. Stratos Investment Management LLC boosted its holdings in shares of Automatic Data Processing by 13.8% in the fourth quarter. Stratos Investment Management LLC now owns 1,901 shares of the business services provider’s stock valued at $557,000 after buying an additional 230 shares during the period. Stratos Wealth Partners LTD. lifted its position in Automatic Data Processing by 1.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 57,907 shares of the business services provider’s stock valued at $16,951,000 after acquiring an additional 644 shares in the last quarter. Sargent Investment Group LLC boosted its stake in Automatic Data Processing by 6.6% in the 4th quarter. Sargent Investment Group LLC now owns 1,346 shares of the business services provider’s stock worth $391,000 after purchasing an additional 83 shares during the period. E. Ohman J or Asset Management AB increased its holdings in Automatic Data Processing by 12.3% during the 4th quarter. E. Ohman J or Asset Management AB now owns 18,559 shares of the business services provider’s stock worth $5,433,000 after purchasing an additional 2,040 shares in the last quarter. Finally, Newton One Investments LLC acquired a new stake in shares of Automatic Data Processing in the 4th quarter valued at about $43,000. 80.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Jonathan S. Lehberger sold 2,324 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $303.30, for a total value of $704,869.20. Following the completion of the sale, the vice president now owns 3,063 shares of the company’s stock, valued at $929,007.90. The trade was a 43.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 stock was sold at an average price of $293.83, for a total transaction of $106,366.46. Following the transaction, the vice president now directly owns 13,706 shares in the company, valued at $4,027,233.98. This represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,478 shares of company stock valued at $1,617,241 over the last ninety days. 0.21% of the stock is currently owned by company insiders.

Automatic Data Processing Stock Up 1.1 %

Shares of ADP stock opened at $308.15 on Thursday. Automatic Data Processing, Inc. has a 52-week low of $231.27 and a 52-week high of $311.67. The stock has a market cap of $125.56 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 3.52 and a beta of 0.79. The firm’s 50-day moving average is $297.15 and its 200-day moving average is $285.67. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.00 and a current ratio of 1.00.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data 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%. Sell-side analysts predict that Automatic Data Processing, Inc. will post 9.94 EPS for the current year.

Automatic Data Processing Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently weighed in on ADP shares. UBS Group upped 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, October 22nd. Mizuho upped their price target on Automatic Data Processing from $281.00 to $310.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. StockNews.com downgraded shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Wednesday. TD Cowen increased their target price on shares of Automatic Data Processing from $276.00 to $285.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $315.00 price target on shares of Automatic Data Processing in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and an average price target of $293.55.

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.