Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Sold by Oxford Financial Group LTD. LLC

Oxford Financial Group LTD. LLC trimmed its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,122 shares of the business services provider’s stock after selling 60 shares during the quarter. Oxford Financial Group LTD. LLC’s holdings in Automatic Data Processing were worth $328,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Itau Unibanco Holding S.A. purchased a new position in Automatic Data Processing in the 3rd quarter valued at $26,000. Dunhill Financial LLC boosted its holdings in shares of Automatic Data Processing by 346.5% in the third quarter. Dunhill Financial LLC now owns 106 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 149 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of Automatic Data Processing during the fourth quarter worth about $37,000. Wingate Wealth Advisors Inc. purchased a new position in Automatic Data Processing during the fourth quarter worth about $37,000. Finally, HHM Wealth Advisors LLC acquired a new stake in Automatic Data Processing in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of ADP opened at $295.32 on Friday. The company has a 50-day moving average of $303.08 and a two-hundred day moving average of $295.22. The stock has a market cap of $120.33 billion, a P/E ratio of 30.79, a PEG ratio of 3.62 and a beta of 0.76. Automatic Data Processing, Inc. has a 12-month low of $231.27 and a 12-month high of $322.84. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, January 29th. The business services provider reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. As a group, research analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Friday, March 14th. Automatic Data Processing’s dividend payout ratio is presently 64.23%.

Analyst Upgrades and Downgrades

ADP has been the subject of a number of analyst reports. Barclays increased their target price on Automatic Data Processing from $325.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Jefferies Financial Group increased their price objective on Automatic Data Processing from $290.00 to $305.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Royal Bank of Canada restated a “sector perform” rating and set a $315.00 target price on shares of Automatic Data Processing in a research report on Thursday, January 30th. UBS Group increased their price target on shares of Automatic Data Processing from $318.00 to $324.00 and gave the company a “neutral” rating in a report on Tuesday, March 4th. Finally, StockNews.com lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $296.18.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, CEO Maria Black sold 721 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $291.59, for a total value of $210,236.39. Following the completion of the transaction, the chief executive officer now directly owns 68,856 shares in the company, valued at approximately $20,077,721.04. The trade was a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David Foskett sold 1,067 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $286.15, for a total value of $305,322.05. Following the sale, the vice president now owns 6,140 shares in the company, valued at $1,756,961. This trade represents a 14.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,951 shares of company stock valued at $1,762,074. 0.21% of the stock is owned by insiders.

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.