Yorktown Management & Research Co Inc held its stake in shares of Automatic Data Processing (NYSE:ADP) during the third quarter, Holdings Channel reports. The firm owned 3,500 shares of the company’s stock at the end of the third quarter. Yorktown Management & Research Co Inc’s holdings in Automatic Data Processing were worth $309,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the company. Zions Bancorporation raised its stake in shares of Automatic Data Processing by 228.5% in the second quarter. Zions Bancorporation now owns 1,189 shares of the company’s stock worth $110,000 after buying an additional 827 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in shares of Automatic Data Processing by 406.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,246 shares of the company’s stock worth $114,000 after buying an additional 1,000 shares in the last quarter. Hanson McClain Inc. raised its stake in shares of Automatic Data Processing by 2.0% in the second quarter. Hanson McClain Inc. now owns 1,287 shares of the company’s stock worth $118,000 after buying an additional 25 shares in the last quarter. Peddock Capital Advisors LLC purchased a new stake in shares of Automatic Data Processing during the third quarter worth $128,000. Finally, Pinkerton Retirement Specialists LLC purchased a new stake in shares of Automatic Data Processing during the second quarter worth $133,000.
Shares of Automatic Data Processing (NYSE:ADP) traded down 0.16% on Wednesday, hitting $102.91. The firm has a market capitalization of $46.43 billion and a P/E ratio of 30.79. The company has a 50 day moving average of $100.78 and a 200-day moving average of $92.84. Automatic Data Processing has a 52-week low of $77.77 and a 52-week high of $104.09.
Automatic Data Processing (NYSE:ADP) last released its earnings results on Wednesday, November 2nd. The company reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.10. The firm earned $2.90 billion during the quarter, compared to the consensus estimate of $2.92 billion. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 EPS. On average, equities research analysts predict that Automatic Data Processing will post $3.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, April 1st. Investors of record on Friday, March 10th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $2.28 dividend on an annualized basis and a yield of 2.22%.
Several brokerages have commented on ADP. BMO Capital Markets reaffirmed a “hold” rating on shares of Automatic Data Processing in a report on Thursday, November 3rd. Zacks Investment Research downgraded Automatic Data Processing from a “hold” rating to a “sell” rating in a report on Tuesday, November 1st. Goldman Sachs Group, Inc. (The) raised Automatic Data Processing from a “neutral” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Friday, December 16th. Finally, Barclays PLC began coverage on Automatic Data Processing in a report on Tuesday, December 20th. They set an “overweight” rating and a $115.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $99.44.
In related news, insider Jan Siegmund sold 4,266 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $102.38, for a total value of $436,753.08. Following the transaction, the insider now owns 52,321 shares of the company’s stock, valued at $5,356,623.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas J. Perrotti sold 2,495 shares of the stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $102.38, for a total value of $255,438.10. Following the completion of the transaction, the vice president now directly owns 14,295 shares in the company, valued at approximately $1,463,522.10. The disclosure for this sale can be found here.
Automatic Data Processing Company Profile
Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services.
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