Next Capital Management LLC increased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) by 5.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,442 shares of the business services provider’s stock after buying an additional 72 shares during the period. Next Capital Management LLC’s holdings in Automatic Data Processing were worth $344,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in ADP. Kiely Wealth Advisory Group Inc. acquired a new stake in Automatic Data Processing during the second quarter worth about $27,000. Keener Financial Planning LLC boosted its position in Automatic Data Processing by 230.3% during the 1st quarter. Keener Financial Planning LLC now owns 109 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 76 shares during the period. Crewe Advisors LLC bought a new position in Automatic Data Processing during the 1st quarter worth $33,000. Pathway Financial Advisers LLC acquired a new stake in Automatic Data Processing in the first quarter worth $36,000. Finally, Pineridge Advisors LLC bought a new stake in Automatic Data Processing in the fourth quarter valued at $39,000. 80.03% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Automatic Data Processing
In other news, CEO Maria Black sold 19,147 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $274.38, for a total transaction of $5,253,553.86. Following the transaction, the chief executive officer now directly owns 92,807 shares in the company, valued at approximately $25,464,384.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Maria Black sold 19,147 shares of Automatic Data Processing stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $274.38, for a total value of $5,253,553.86. Following the completion of the sale, the chief executive officer now owns 92,807 shares of the company’s stock, valued at approximately $25,464,384.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Don Mcguire sold 3,179 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $274.38, for a total value of $872,254.02. Following the transaction, the vice president now owns 41,696 shares in the company, valued at $11,440,548.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,817 shares of company stock valued at $15,999,208. Corporate insiders own 0.26% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on ADP
Automatic Data Processing Stock Up 1.4 %
Shares of Automatic Data Processing stock opened at $276.73 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.66. Automatic Data Processing, Inc. has a 12-month low of $205.53 and a 12-month high of $281.54. The firm has a market capitalization of $113.26 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 3.02 and a beta of 0.79. The stock’s fifty day moving average is $268.23 and its 200-day moving average is $252.95.
Automatic Data Processing (NASDAQ:ADP – Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.03. Automatic Data Processing had a net margin of 19.54% and a return on equity of 89.20%. The business had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same quarter in the previous year, the business earned $1.89 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. Equities analysts anticipate that Automatic Data Processing, Inc. will post 10.04 earnings per share for the current year.
Automatic Data Processing Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, September 13th. Automatic Data Processing’s dividend payout ratio is currently 62.50%.
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.
See Also
- Five stocks we like better than Automatic Data Processing
- EV Stocks and How to Profit from Them
- TJX Stock: A Buying Opportunity Before the Holiday Rush
- Insider Buying Explained: What Investors Need to Know
- Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth
Want to see what other hedge funds are holding ADP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report).
Receive News & Ratings for Automatic Data Processing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Automatic Data Processing and related companies with MarketBeat.com's FREE daily email newsletter.