Automatic Data Processing, Inc. (NASDAQ:ADP) Stake Boosted by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. increased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 7.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 457,465 shares of the business services provider’s stock after purchasing an additional 30,727 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.11% of Automatic Data Processing worth $109,192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ADP. Gryphon Financial Partners LLC increased its stake in Automatic Data Processing by 105.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 2,017 shares of the business services provider’s stock worth $467,000 after purchasing an additional 1,034 shares in the last quarter. Assetmark Inc. boosted its position in Automatic Data Processing by 9.5% during the 4th quarter. Assetmark Inc. now owns 2,892 shares of the business services provider’s stock worth $674,000 after acquiring an additional 251 shares during the period. SageView Advisory Group LLC boosted its position in Automatic Data Processing by 140.6% during the 4th quarter. SageView Advisory Group LLC now owns 2,399 shares of the business services provider’s stock worth $572,000 after acquiring an additional 1,402 shares during the period. Orion Portfolio Solutions LLC boosted its position in Automatic Data Processing by 4.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 12,977 shares of the business services provider’s stock worth $3,072,000 after acquiring an additional 573 shares during the period. Finally, Congress Wealth Management LLC DE boosted its position in Automatic Data Processing by 60.4% during the 4th quarter. Congress Wealth Management LLC DE now owns 9,840 shares of the business services provider’s stock worth $2,293,000 after acquiring an additional 3,707 shares during the period. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Down 0.5 %

ADP opened at $276.41 on Friday. The business has a 50 day moving average price of $264.76 and a 200 day moving average price of $251.56. Automatic Data Processing, Inc. has a twelve month low of $205.53 and a twelve month high of $281.54. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $113.13 billion, a P/E ratio of 30.85, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, July 31st. The business services provider reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.03. Automatic Data Processing had a return on equity of 89.20% and a net margin of 19.54%. The firm had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same period in the previous year, the company earned $1.89 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Research analysts forecast that Automatic Data Processing, Inc. will post 10.04 EPS for the current year.

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a $1.40 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $5.60 annualized dividend and a yield of 2.03%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 62.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ADP. StockNews.com lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Thursday. Bank of America raised their price objective on Automatic Data Processing from $250.00 to $267.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Barclays raised their price objective on Automatic Data Processing from $282.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on Automatic Data Processing from $250.00 to $285.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 20th. Finally, Jefferies Financial Group lifted their price target on Automatic Data Processing from $250.00 to $260.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $265.36.

Insider Buying and Selling

In other Automatic Data Processing news, Director Carlos A. Rodriguez sold 9,203 shares of Automatic Data Processing stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $269.45, for a total value of $2,479,748.35. Following the transaction, the director now directly owns 36,741 shares of the company’s stock, valued at approximately $9,899,862.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Automatic Data Processing news, Director Carlos A. Rodriguez sold 9,203 shares of Automatic Data Processing stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $269.45, for a total value of $2,479,748.35. Following the transaction, the director now directly owns 36,741 shares of the company’s stock, valued at approximately $9,899,862.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Maria Black sold 19,147 shares of Automatic Data Processing stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $274.38, for a total value of $5,253,553.86. Following the completion of the transaction, the chief executive officer now directly owns 92,807 shares in the company, valued at $25,464,384.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,817 shares of company stock worth $15,999,208. 0.26% of the stock is currently owned by insiders.

Automatic Data Processing Company Profile

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.