Sepio Capital LLC Increases Stock Position in Automatic Data Processing (NASDAQ:ADP)

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Sepio Capital LLC raised its position in shares of Automatic Data Processing (NASDAQ:ADP) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,122 shares of the business services provider’s stock after buying an additional 167 shares during the quarter. Automatic Data Processing comprises approximately 1.0% of Sepio Capital LLC’s portfolio, making the stock its 22nd biggest position. Sepio Capital LLC’s holdings in Automatic Data Processing were worth $7,625,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Comerica Securities Inc. lifted its holdings in shares of Automatic Data Processing by 411.2% in the fourth quarter. Comerica Securities Inc. now owns 42,538 shares of the business services provider’s stock worth $5,611,000 after buying an additional 34,216 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Automatic Data Processing by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,299,268 shares of the business services provider’s stock worth $170,354,000 after buying an additional 49,730 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Automatic Data Processing by 8.6% in the fourth quarter. Geode Capital Management LLC now owns 6,258,804 shares of the business services provider’s stock worth $819,520,000 after buying an additional 496,843 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Automatic Data Processing in the first quarter worth about $2,368,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Automatic Data Processing by 25.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 8,600 shares of the business services provider’s stock worth $1,375,000 after buying an additional 1,745 shares in the last quarter. 79.96% of the stock is owned by institutional investors and hedge funds.

In related news, VP Dermot J. O’brien sold 1,771 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $162.04, for a total value of $286,972.84. Following the transaction, the vice president now directly owns 14,896 shares in the company, valued at $2,413,747.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

Shares of ADP stock traded up $0.88 during trading on Tuesday, hitting $167.69. The company had a trading volume of 53,259 shares, compared to its average volume of 2,111,277. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.37. The stock’s 50-day moving average is $166.33 and its two-hundred day moving average is $160.96. The stock has a market capitalization of $71.51 billion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 2.06 and a beta of 0.91. Automatic Data Processing has a 52 week low of $121.40 and a 52 week high of $172.00.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.01. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Automatic Data Processing had a net margin of 16.17% and a return on equity of 47.48%. Automatic Data Processing’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 earnings per share. On average, research analysts predict that Automatic Data Processing will post 6.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Thursday, September 12th. Automatic Data Processing’s dividend payout ratio (DPR) is 57.98%.

A number of equities research analysts have recently issued reports on the stock. Barclays increased their price target on shares of Automatic Data Processing from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Jefferies Financial Group increased their price target on shares of Automatic Data Processing to $176.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. BidaskClub raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. increased their price target on shares of Automatic Data Processing from $170.00 to $177.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a report on Friday, June 21st. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $174.00.

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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