Victory Capital Management Inc. increased its stake in shares of Automatic Data Processing (NASDAQ:ADP) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,239 shares of the business services provider’s stock after acquiring an additional 1,526 shares during the period. Victory Capital Management Inc.’s holdings in Automatic Data Processing were worth $3,075,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Legacy Advisors LLC acquired a new stake in Automatic Data Processing in the fourth quarter valued at approximately $103,000. Acrospire Investment Management LLC acquired a new stake in Automatic Data Processing in the second quarter valued at approximately $102,000. Wealthcare Advisory Partners LLC acquired a new stake in Automatic Data Processing in the third quarter valued at approximately $114,000. Cerebellum GP LLC acquired a new stake in Automatic Data Processing in the fourth quarter valued at approximately $129,000. Finally, Family Capital Trust Co acquired a new stake in Automatic Data Processing in the third quarter valued at approximately $137,000. 78.84% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Donald Weinstein sold 3,242 shares of Automatic Data Processing stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $125.00, for a total transaction of $405,250.00. Following the transaction, the vice president now owns 28,366 shares in the company, valued at $3,545,750. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Carlos A. Rodriguez sold 95,756 shares of Automatic Data Processing stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $118.09, for a total value of $11,307,826.04. Following the transaction, the chief executive officer now owns 124,722 shares in the company, valued at approximately $14,728,420.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 219,666 shares of company stock worth $25,650,681. 0.25% of the stock is currently owned by company insiders.
Automatic Data Processing (ADP) opened at $116.18 on Monday. Automatic Data Processing has a 1 year low of $95.50 and a 1 year high of $125.24. The company has a market capitalization of $51,499.07, a P/E ratio of 30.10, a P/E/G ratio of 2.53 and a beta of 0.86. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06.
Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, January 31st. The business services provider reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.10. Automatic Data Processing had a return on equity of 43.28% and a net margin of 13.47%. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the business posted $0.87 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. analysts forecast that Automatic Data Processing will post 4.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 9th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.52 dividend on an annualized basis and a yield of 2.17%. Automatic Data Processing’s payout ratio is 65.45%.
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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