Baldwin Wealth Partners LLC MA Sells 886 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Baldwin Wealth Partners LLC MA reduced its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,233 shares of the business services provider’s stock after selling 886 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Automatic Data Processing were worth $3,581,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Cornerstone Wealth Group LLC boosted its holdings in Automatic Data Processing by 1.3% in the 4th quarter. Cornerstone Wealth Group LLC now owns 23,611 shares of the business services provider’s stock valued at $6,912,000 after purchasing an additional 296 shares during the period. KBC Group NV raised its position in shares of Automatic Data Processing by 8.7% during the fourth quarter. KBC Group NV now owns 90,423 shares of the business services provider’s stock valued at $26,469,000 after buying an additional 7,210 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Automatic Data Processing in the fourth quarter valued at about $1,721,000. Blue Trust Inc. grew its position in Automatic Data Processing by 20.5% during the fourth quarter. Blue Trust Inc. now owns 8,344 shares of the business services provider’s stock worth $2,309,000 after buying an additional 1,417 shares in the last quarter. Finally, Marshall Financial Group LLC increased its stake in Automatic Data Processing by 8.2% during the fourth quarter. Marshall Financial Group LLC now owns 805 shares of the business services provider’s stock valued at $236,000 after acquiring an additional 61 shares during the period. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Stock Down 0.1 %

NASDAQ ADP opened at $296.89 on Monday. The stock’s 50 day simple moving average is $297.13 and its 200 day simple moving average is $282.77. Automatic Data Processing, Inc. has a one year low of $231.27 and a one year high of $309.63. The firm has a market cap of $120.97 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 3.45 and a beta of 0.79. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.01 and a quick ratio of 1.01.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, October 30th. The business services provider reported $2.33 EPS for the quarter, topping the consensus estimate of $2.21 by $0.12. Automatic Data Processing had a return on equity of 82.36% and a net margin of 19.72%. The company had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.77 billion. During the same quarter in the prior year, the business earned $2.08 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, sell-side analysts forecast that Automatic Data Processing, Inc. will post 9.94 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $1.54 per share. The ex-dividend date is Friday, March 14th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.07%. Automatic Data Processing’s payout ratio is 65.74%.

Analyst Ratings Changes

A number of analysts have commented on the company. Barclays raised their price objective on Automatic Data Processing from $310.00 to $325.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Jefferies Financial Group lifted their price target on shares of Automatic Data Processing from $260.00 to $290.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Sunday, January 19th. TD Cowen lifted their target price on shares of Automatic Data Processing from $276.00 to $285.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada increased their price target on shares of Automatic Data Processing from $267.00 to $315.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $289.91.

Insider Activity

In other Automatic Data Processing news, VP Brian L. Michaud sold 362 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $293.83, for a total transaction of $106,366.46. Following the transaction, the vice president now directly owns 13,706 shares in the company, valued at approximately $4,027,233.98. This represents a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Sreenivasa Kutam sold 38,975 shares of Automatic Data Processing stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $300.00, for a total transaction of $11,692,500.00. Following the sale, the vice president now owns 32,604 shares of the company’s stock, valued at approximately $9,781,200. This represents a 54.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,129 shares of company stock valued at $12,604,872 over the last three months. 0.21% of the stock is owned by insiders.

Automatic Data Processing 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.