Jacobs & Co. CA Boosts Stake in Automatic Data Processing, Inc. (NASDAQ:ADP)

Jacobs & Co. CA boosted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,250 shares of the business services provider’s stock after acquiring an additional 1,772 shares during the quarter. Automatic Data Processing accounts for approximately 1.5% of Jacobs & Co. CA’s holdings, making the stock its 19th largest position. Jacobs & Co. CA’s holdings in Automatic Data Processing were worth $13,570,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ardent Capital Management Inc. purchased a new position in shares of Automatic Data Processing during the third quarter valued at about $392,000. Americana Partners LLC lifted its holdings in shares of Automatic Data Processing by 3.1% in the 3rd quarter. Americana Partners LLC now owns 22,228 shares of the business services provider’s stock valued at $5,330,000 after acquiring an additional 660 shares during the last quarter. Cyndeo Wealth Partners LLC lifted its holdings in shares of Automatic Data Processing by 36.7% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 19,800 shares of the business services provider’s stock valued at $4,613,000 after acquiring an additional 5,318 shares during the last quarter. BKM Wealth Management LLC bought a new position in shares of Automatic Data Processing in the 4th quarter valued at about $1,635,000. Finally, Wayfinding Financial LLC lifted its holdings in shares of Automatic Data Processing by 6.4% in the 3rd quarter. Wayfinding Financial LLC now owns 2,907 shares of the business services provider’s stock valued at $695,000 after acquiring an additional 174 shares during the last quarter. 80.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Automatic Data Processing news, VP John Ayala sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $235.13, for a total transaction of $352,695.00. Following the transaction, the vice president now owns 19,183 shares of the company’s stock, valued at approximately $4,510,498.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Don Mcguire sold 11,333 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.00, for a total value of $2,776,585.00. Following the sale, the vice president now owns 19,906 shares in the company, valued at $4,876,970. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP John Ayala sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $235.13, for a total value of $352,695.00. Following the completion of the transaction, the vice president now owns 19,183 shares of the company’s stock, valued at $4,510,498.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,662 shares of company stock valued at $4,094,554. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on ADP shares. Wolfe Research raised shares of Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Stifel Nicolaus reiterated a “hold” rating and set a $250.00 price objective on shares of Automatic Data Processing in a research note on Thursday, November 30th. Mizuho boosted their target price on shares of Automatic Data Processing from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Monday, March 11th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $267.00 price objective on shares of Automatic Data Processing in a research report on Thursday, February 1st. Finally, Evercore ISI boosted their target price on shares of Automatic Data Processing from $227.00 to $235.00 and gave the stock an “underperform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Automatic Data Processing presently has an average rating of “Hold” and a consensus price target of $253.08.

Automatic Data Processing Stock Up 1.3 %

Shares of NASDAQ ADP opened at $248.33 on Thursday. Automatic Data Processing, Inc. has a 12-month low of $201.46 and a 12-month high of $256.84. The company has a market capitalization of $102.01 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 2.30 and a beta of 0.78. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.01 and a quick ratio of 1.01. The firm’s 50-day moving average is $246.22 and its two-hundred day moving average is $238.91.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, January 31st. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Automatic Data Processing had a net margin of 19.14% and a return on equity of 95.22%. The business had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the previous year, the business posted $1.96 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. Equities analysts anticipate that Automatic Data Processing, Inc. will post 9.14 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be paid a dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $5.60 dividend on an annualized basis and a yield of 2.26%. Automatic Data Processing’s dividend payout ratio (DPR) is 65.19%.

About Automatic Data Processing

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.