Automatic Data Processing (ADP) Holdings Cut by Lourd Capital LLC

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Lourd Capital LLC lessened its holdings in Automatic Data Processing (NASDAQ:ADP) by 22.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,298 shares of the business services provider’s stock after selling 1,534 shares during the quarter. Lourd Capital LLC’s holdings in Automatic Data Processing were worth $846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Automatic Data Processing by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 36,946,069 shares of the business services provider’s stock worth $5,566,295,000 after purchasing an additional 425,007 shares during the period. Vanguard Group Inc raised its holdings in shares of Automatic Data Processing by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 36,946,069 shares of the business services provider’s stock valued at $5,566,295,000 after acquiring an additional 425,007 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Automatic Data Processing by 5.4% in the 4th quarter. BlackRock Inc. now owns 30,996,337 shares of the business services provider’s stock valued at $4,064,239,000 after acquiring an additional 1,587,214 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Automatic Data Processing by 18,918.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,462,482 shares of the business services provider’s stock valued at $179,000 after acquiring an additional 23,339,116 shares in the last quarter. Finally, Lunia Capital LP raised its holdings in shares of Automatic Data Processing by 14,251.9% in the 4th quarter. Lunia Capital LP now owns 18,367,683 shares of the business services provider’s stock valued at $18,368,000 after acquiring an additional 18,239,702 shares in the last quarter. Institutional investors own 80.48% of the company’s stock.

A number of equities analysts recently weighed in on the company. BidaskClub cut Automatic Data Processing from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Zacks Investment Research raised Automatic Data Processing from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $153.43.

In other news, VP John Ayala sold 3,121 shares of Automatic Data Processing stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $133.98, for a total value of $418,151.58. Following the sale, the vice president now directly owns 4,140 shares in the company, valued at approximately $554,677.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Stuart Sackman sold 1,478 shares of Automatic Data Processing stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $155.13, for a total value of $229,282.14. Following the completion of the sale, the vice president now owns 24,122 shares in the company, valued at $3,742,045.86. The disclosure for this sale can be found here. Insiders sold a total of 86,721 shares of company stock worth $12,714,980 over the last ninety days. Insiders own 0.33% of the company’s stock.

Shares of Automatic Data Processing stock opened at $162.14 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $71.30 billion, a price-to-earnings ratio of 37.27, a P/E/G ratio of 2.34 and a beta of 0.96. Automatic Data Processing has a one year low of $112.58 and a one year high of $164.41.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results 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 business had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.43 billion. Automatic Data Processing had a return on equity of 51.92% and a net margin of 13.12%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. As a group, equities analysts expect that Automatic Data Processing will post 5.37 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $3.16 dividend on an annualized basis and a yield of 1.95%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 72.64%.

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About Automatic Data Processing

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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