Napatree Capital LLC Purchases 84 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Napatree Capital LLC boosted its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.7% in the 4th quarter, HoldingsChannel reports. The firm owned 3,199 shares of the business services provider’s stock after buying an additional 84 shares during the period. Napatree Capital LLC’s holdings in Automatic Data Processing were worth $936,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Littlejohn Financial Services Inc. bought a new position in shares of Automatic Data Processing in the fourth quarter worth about $708,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Automatic Data Processing by 5.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 280,961 shares of the business services provider’s stock worth $77,750,000 after acquiring an additional 15,340 shares during the last quarter. DRW Securities LLC bought a new position in shares of Automatic Data Processing in the third quarter worth about $951,000. Harvest Fund Management Co. Ltd raised its stake in shares of Automatic Data Processing by 51.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 18,925 shares of the business services provider’s stock worth $5,236,000 after acquiring an additional 6,399 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Automatic Data Processing by 12.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 82,736 shares of the business services provider’s stock worth $22,896,000 after buying an additional 8,846 shares during the period. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Stock Down 0.7 %

Automatic Data Processing stock opened at $295.32 on Friday. The stock has a market capitalization of $120.33 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 3.62 and a beta of 0.76. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $322.84. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.59. The company has a 50 day moving average of $303.08 and a 200-day moving average of $295.36.

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

Automatic Data Processing Dividend Announcement

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

Insider Transactions at Automatic Data Processing

In other news, VP Brian L. Michaud sold 362 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $293.83, for a total value of $106,366.46. Following the sale, the vice president now owns 13,706 shares of the company’s stock, valued at $4,027,233.98. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Christopher D’ambrosio sold 473 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $306.20, for a total transaction of $144,832.60. Following the sale, the vice president now directly owns 7,244 shares in the company, valued at $2,218,112.80. This trade represents a 6.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,951 shares of company stock valued at $1,762,074 over the last 90 days. 0.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. StockNews.com cut shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Barclays lifted their price target on shares of Automatic Data Processing from $325.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. UBS Group lifted their price target on shares of Automatic Data Processing from $318.00 to $324.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 4th. Royal Bank of Canada reiterated a “sector perform” rating and set a $315.00 price target on shares of Automatic Data Processing in a research report on Thursday, January 30th. Finally, Jefferies Financial Group lifted their price target on shares of Automatic Data Processing from $290.00 to $305.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $296.18.

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.