Automatic Data Processing (ADP) Holdings Lifted by Sicart Associates LLC

Sicart Associates LLC lifted its stake in shares of Automatic Data Processing (NASDAQ:ADP) by 109.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,500 shares of the business services provider’s stock after purchasing an additional 6,000 shares during the period. Sicart Associates LLC’s holdings in Automatic Data Processing were worth $1,351,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Pershing Square Capital Management L.P. boosted its position in Automatic Data Processing by 402.5% during the third quarter. Pershing Square Capital Management L.P. now owns 8,798,442 shares of the business services provider’s stock worth $961,846,000 after acquiring an additional 7,047,575 shares during the last quarter. Janus Henderson Group PLC boosted its position in Automatic Data Processing by 5,962.5% during the second quarter. Janus Henderson Group PLC now owns 4,013,865 shares of the business services provider’s stock worth $411,260,000 after acquiring an additional 3,947,657 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Automatic Data Processing by 42,776.7% during the third quarter. Canada Pension Plan Investment Board now owns 1,376,771 shares of the business services provider’s stock worth $150,509,000 after acquiring an additional 1,373,560 shares during the last quarter. Fundsmith LLP boosted its position in Automatic Data Processing by 29.0% during the second quarter. Fundsmith LLP now owns 5,176,340 shares of the business services provider’s stock worth $530,368,000 after acquiring an additional 1,164,972 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Automatic Data Processing by 671.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,245,110 shares of the business services provider’s stock worth $127,574,000 after acquiring an additional 1,083,799 shares during the last quarter. 78.68% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing (ADP) traded up $2.40 during trading hours on Wednesday, reaching $121.79. 1,149,347 shares of the company’s stock traded hands, compared to its average volume of 1,860,140. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.51. The firm has a market cap of $53,990.00, a price-to-earnings ratio of 30.91, a price-to-earnings-growth ratio of 2.93 and a beta of 0.85. Automatic Data Processing has a 12 month low of $94.11 and a 12 month high of $121.77.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Thursday, November 2nd. The business services provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.06. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.06 billion. Automatic Data Processing had a net margin of 14.08% and a return on equity of 42.34%. Automatic Data Processing’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 EPS. sell-side analysts anticipate that Automatic Data Processing will post 3.91 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.07%. Automatic Data Processing’s payout ratio is 63.96%.

In other news, CEO Carlos A. Rodriguez sold 95,756 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $118.09, for a total value of $11,307,826.04. Following the transaction, the chief executive officer now directly owns 124,722 shares in the company, valued at approximately $14,728,420.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John P. Jones III sold 5,688 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $116.03, for a total transaction of $659,978.64. Following the completion of the transaction, the director now owns 53,956 shares in the company, valued at $6,260,514.68. The disclosure for this sale can be found here. Insiders sold a total of 115,505 shares of company stock worth $13,612,788 over the last quarter. 0.25% of the stock is currently owned by company insiders.

A number of equities analysts recently weighed in on ADP shares. BidaskClub upgraded shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Zacks Investment Research upgraded shares of Automatic Data Processing from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and set a $108.00 price target on shares of Automatic Data Processing in a research report on Wednesday, October 4th. Bank of America boosted their price target on shares of Automatic Data Processing from $111.00 to $114.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Finally, Barclays boosted their price target on shares of Automatic Data Processing from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $115.21.

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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.

Institutional Ownership by Quarter for Automatic Data Processing (NASDAQ:ADP)

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