7,124 Shares in Automatic Data Processing (ADP) Purchased by LMR Partners LLP

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LMR Partners LLP acquired a new stake in shares of Automatic Data Processing (NASDAQ:ADP) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,124 shares of the business services provider’s stock, valued at approximately $934,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Neuberger Berman Group LLC lifted its holdings in shares of Automatic Data Processing by 4.1% during the third quarter. Neuberger Berman Group LLC now owns 355,800 shares of the business services provider’s stock valued at $53,605,000 after acquiring an additional 13,915 shares during the period. Captrust Financial Advisors raised its holdings in shares of Automatic Data Processing by 199.3% in the third quarter. Captrust Financial Advisors now owns 4,750 shares of the business services provider’s stock valued at $719,000 after buying an additional 3,163 shares during the last quarter. Nachman Norwood & Parrott Inc bought a new position in shares of Automatic Data Processing in the fourth quarter valued at about $1,606,000. Wealthsource Partners LLC raised its holdings in shares of Automatic Data Processing by 29.9% in the fourth quarter. Wealthsource Partners LLC now owns 2,098 shares of the business services provider’s stock valued at $275,000 after buying an additional 483 shares during the last quarter. Finally, R.H. Dinel Investment Counsel Inc. bought a new position in shares of Automatic Data Processing in the fourth quarter valued at about $3,406,000. 80.96% of the stock is owned by institutional investors.

Automatic Data Processing stock opened at $155.31 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $67.66 billion, a P/E ratio of 35.70, a price-to-earnings-growth ratio of 2.22 and a beta of 0.96. Automatic Data Processing has a 12-month low of $109.14 and a 12-month high of $155.36.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, January 30th. The business services provider reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.16. The firm had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.43 billion. Automatic Data Processing had a return on equity of 51.92% and a net margin of 13.12%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. As a group, sell-side analysts predict that Automatic Data Processing will post 5.37 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 8th will be given a dividend of $0.79 per share. The ex-dividend date is Thursday, March 7th. This represents a $3.16 annualized dividend and a dividend yield of 2.03%. Automatic Data Processing’s payout ratio is currently 72.64%.

In related news, VP Donald Weinstein sold 1,706 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $150.39, for a total value of $256,565.34. Following the completion of the transaction, the vice president now directly owns 26,220 shares in the company, valued at approximately $3,943,225.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brock Albinson sold 4,389 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $129.00, for a total value of $566,181.00. Following the completion of the transaction, the vice president now owns 8,144 shares of the company’s stock, valued at $1,050,576. The disclosure for this sale can be found here. Insiders have sold a total of 120,111 shares of company stock valued at $17,047,463 over the last 90 days. Corporate insiders own 0.33% of the company’s stock.

Separately, Zacks Investment Research cut Automatic Data Processing from a “buy” rating to a “sell” rating in a report on Wednesday, January 2nd. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Automatic Data Processing currently has an average rating of “Buy” and an average price target of $151.87.

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Automatic Data Processing Profile

Automatic Data Processing, Inc provides business process outsourcing services worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) outsourcing and technology-based human capital management solutions.

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

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