Swift Run Capital Management LLC Has $590,000 Stake in Automatic Data Processing (ADP)

Swift Run Capital Management LLC lifted its position in Automatic Data Processing (NASDAQ:ADP) by 26.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,036 shares of the business services provider’s stock after acquiring an additional 1,052 shares during the period. Swift Run Capital Management LLC’s holdings in Automatic Data Processing were worth $590,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Advisors LLC purchased a new position in shares of Automatic Data Processing during the fourth quarter valued at approximately $103,000. Calton & Associates Inc. purchased a new position in shares of Automatic Data Processing during the fourth quarter valued at approximately $118,000. Acrospire Investment Management LLC purchased a new position in shares of Automatic Data Processing during the second quarter valued at approximately $102,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Automatic Data Processing during the third quarter valued at approximately $114,000. Finally, Cerebellum GP LLC purchased a new position in shares of Automatic Data Processing during the fourth quarter valued at approximately $129,000. Hedge funds and other institutional investors own 78.55% of the company’s stock.

Shares of Automatic Data Processing (NASDAQ:ADP) opened at $116.18 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $51,499.11, a price-to-earnings ratio of 30.18, a PEG ratio of 2.53 and a beta of 0.86. Automatic Data Processing has a 52 week low of $95.50 and a 52 week high of $125.24.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, January 31st. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.10. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Automatic Data Processing had a net margin of 13.47% and a return on equity of 43.28%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 earnings per share. research analysts anticipate that Automatic Data Processing will post 4.17 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be paid a $0.63 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.17%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 65.45%.

In other news, VP Stuart Sackman sold 238 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $121.65, for a total value of $28,952.70. Following the completion of the sale, the vice president now directly owns 18,676 shares of the company’s stock, valued at $2,271,935.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael A. Bonarti sold 3,900 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $116.03, for a total transaction of $452,517.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 219,666 shares of company stock valued at $25,650,681. Corporate insiders own 0.25% of the company’s stock.

ADP has been the subject of a number of research reports. Zacks Investment Research raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a report on Monday, February 5th. Royal Bank of Canada reaffirmed a “neutral” rating on shares of Automatic Data Processing in a report on Thursday, February 1st. BMO Capital Markets reduced their target price on shares of Automatic Data Processing from $122.00 to $121.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Barclays upped their target price on shares of Automatic Data Processing from $121.00 to $128.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. Finally, Stifel Nicolaus upped their target price on shares of Automatic Data Processing from $113.00 to $133.00 and gave the company a “hold” rating in a report on Thursday, February 1st. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Automatic Data Processing has an average rating of “Hold” and an average target price of $118.43.

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Automatic Data Processing Profile

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services.

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

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