Dupont Capital Management Corp sells 347 shares of Automatic Data Processing, Inc. (NASDAQ: ADP)


Dupont Capital Management Corp reduced its position in Automatic Data Processing, Inc. (NASDAQ: ADPGet a rating) by 18.4% in the first quarter, according to the company in its latest 13F filing with the SEC. The company held 1,536 shares of the business services provider after selling 347 shares during the quarter. Dupont Capital Management Corp’s holdings in automatic data processing were worth $350,000 when it last filed with the SEC.

A number of other institutional investors and hedge funds have also recently changed their holdings in ADP. AdvisorNet Financial Inc. increased its stake in automatic data processing by 6.4% in the 4th quarter. AdvisorNet Financial Inc now owns 2,405 shares of the business services provider valued at $593,000 after acquiring an additional 144 shares during the period. Kestra Advisory Services LLC increased its stake in automatic data processing by 6.1% in the 4th quarter. Kestra Advisory Services LLC now owns 42,377 shares of the business services provider valued at $10,449,000 after acquiring an additional 2,422 shares during the period. Concord Wealth Partners increased its stake in automatic data processing by 3,860.8% in the 4th quarter. Concord Wealth Partners now owns 2,020 shares of the business services provider valued at $498,000 after acquiring an additional 1,969 shares during the period. Asset Dedication LLC increased its stake in Automatic Data Processing by 13.0% in the 4th quarter. Asset Dedication LLC now owns 5,760 shares of the business services provider valued at $1,406,000 after acquiring an additional 661 shares during the period. Finally, Baystate Wealth Management LLC increased its stake in Automatic Data Processing by 3.2% in the 4th quarter. Baystate Wealth Management LLC now owns 1,482 shares of the business services provider valued at $366,000 after acquiring 46 additional shares during the period. 78.84% of the shares are held by institutional investors.

Wall Street analysts predict growth

ADP has been the subject of several research analyst reports. StockNews.com launched coverage on automatic data processing stocks in a Thursday, March 31 report. They issued a “holding” rating on the stock. Mizuho raised its price target on automatic data processing stock from $235.00 to $250.00 and gave the stock a “buy” rating in a Monday, May 2 research report. Citigroup raised its target price on automatic data processing shares from $212.00 to $230.00 in a Monday, May 2 research report. Deutsche Bank Aktiengesellschaft raised its price target on Automatic Data Processing shares from $203.00 to $234.00 in a Thursday, April 28 research report. Finally, Barclays raised its price target on Automatic Data Processing shares from $238.00 to $257.00 and gave the stock an “overweight” rating in a Monday May 2 research report. One equity research analyst has assigned the stock a sell rating, ten have assigned a hold rating and two have assigned the stock a buy rating. Based on data from MarketBeat.com, Automatic Data Processing currently has an average rating of “Hold” and an average price target of $230.69.

Buying and Selling Automatic Data Processing Insiders

In other news on automatic data processing, VP Christopher D’Ambrosio sold 312 shares of the company in a transaction that took place on Monday, May 9. The shares were sold at an average price of $214.07, for a total value of $66,789.84. Following the sale, the vice president now owns 1,663 shares of the company, valued at $355,998.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. In other news, VP Christopher D’Ambrosio sold 312 shares of the company in a trade on Monday, May 9. The shares were sold at an average price of $214.07, for a total transaction of $66,789.84. Following the completion of the transaction, the vice president now owns 1,663 shares of the company, valued at $355,998.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. Also, Vice President Augusto J. Blanchard sold 567 shares of the company in a trade on Tuesday, July 5. The shares were sold at an average price of $210.64, for a total transaction of $119,432.88. Following the transaction, the vice president now directly owns 4,238 shares of the company, valued at approximately $892,692.32. Disclosure of this sale can be found here. Insiders of the company own 0.34% of the shares of the company.

Automatic processing of Stock Performance data

Shares of Automatic data processing stock opened at $214.13 on Friday. Automatic Data Processing, Inc. has a fifty-two week low of $192.26 and a fifty-two week high of $248.96. The company has a debt ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $89.45 billion, a P/E ratio of 31.63, a P/E/G ratio of 2.30 and a beta of 0.81. The company’s 50-day moving average price is $212.91 and its two-hundred-day moving average price is $216.82.

Automatic data processing (NASDAQ: ADPGet a rating) last reported results on Wednesday, April 27. The business services provider reported earnings per share of $2.21 for the quarter, beating analyst consensus estimates of $2.07 by $0.14. Automatic data processing generated a net margin of 17.77% and a return on equity of 56.01%. The company posted revenue of $4.51 billion for the quarter, versus analyst estimates of $4.45 billion. In the same quarter last year, the company posted earnings per share of $1.89. The company’s quarterly revenue increased 10.0% year over year. On average, stock analysts expect Automatic Data Processing, Inc. to post earnings per share of 6.98 for the current fiscal year.

Automatic Data Processing Company Profile

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Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic cloud-based platforms and human resource (HR) outsourcing solutions.

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Institutional Ownership by Quarter for Automatic Data Processing (NASDAQ: ADP)



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