West Oak Capital LLC Has $3.73 Million Stock Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

West Oak Capital LLC trimmed its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 15,800 shares of the business services provider’s stock after selling 250 shares during the quarter. Automatic Data Processing comprises approximately 1.7% of West Oak Capital LLC’s portfolio, making the stock its 10th biggest position. West Oak Capital LLC’s holdings in Automatic Data Processing were worth $3,728,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ADP. Moneta Group Investment Advisors LLC lifted its position in shares of Automatic Data Processing by 94,265.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 6,770,728 shares of the business services provider’s stock valued at $1,617,256,000 after buying an additional 6,763,553 shares in the last quarter. Norges Bank purchased a new position in Automatic Data Processing in the 4th quarter worth approximately $531,416,000. Veritas Asset Management LLP purchased a new position in Automatic Data Processing in the 2nd quarter worth approximately $375,485,000. Imprint Wealth LLC lifted its holdings in Automatic Data Processing by 24,743.9% in the 2nd quarter. Imprint Wealth LLC now owns 987,795 shares of the business services provider’s stock worth $98,780,000 after purchasing an additional 983,819 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Automatic Data Processing by 40.7% during the 3rd quarter. Invesco Ltd. now owns 3,128,701 shares of the business services provider’s stock worth $752,703,000 after acquiring an additional 905,043 shares in the last quarter. 80.03% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Sreenivasa Kutam sold 368 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $247.01, for a total transaction of $90,899.68. Following the completion of the transaction, the vice president now directly owns 20,319 shares of the company’s stock, valued at approximately $5,018,996.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Don Mcguire sold 11,333 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.00, for a total value of $2,776,585.00. Following the completion of the transaction, the vice president now directly owns 19,906 shares of the company’s stock, valued at approximately $4,876,970. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sreenivasa Kutam sold 368 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $247.01, for a total value of $90,899.68. Following the completion of the transaction, the vice president now directly owns 20,319 shares of the company’s stock, valued at $5,018,996.19. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,662 shares of company stock valued at $4,094,554. 0.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ADP shares. Bank of America raised Automatic Data Processing from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $217.00 to $243.00 in a research report on Wednesday, January 17th. Royal Bank of Canada reaffirmed 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. StockNews.com downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Mizuho upped their target price on Automatic Data Processing from $265.00 to $272.00 and gave the stock a “buy” rating in a report on Monday, March 11th. Finally, Wolfe Research upgraded Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $253.08.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP traded up $1.11 during midday trading on Thursday, hitting $249.44. The stock had a trading volume of 247,317 shares, compared to its average volume of 1,884,961. The company has a market capitalization of $102.47 billion, a PE ratio of 28.91, a P/E/G ratio of 2.30 and a beta of 0.78. The stock has a 50 day simple moving average of $246.22 and a 200-day simple moving average of $238.91. Automatic Data Processing, Inc. has a 1 year low of $201.46 and a 1 year high of $256.84. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.69.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, January 31st. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.65 billion. Automatic Data Processing had a return on equity of 95.22% and a net margin of 19.14%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 earnings per share. On average, sell-side analysts expect that Automatic Data Processing, Inc. will post 9.14 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 8th will be paid a $1.40 dividend. The ex-dividend date is Thursday, March 7th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.25%. Automatic Data Processing’s payout ratio is presently 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.