Automatic Data Processing (ADP) is Delaney Dennis R’s 5th Largest Position

Delaney Dennis R boosted its stake in shares of Automatic Data Processing (NYSE:ADP) by 0.1% during the third quarter, Holdings Channel reports. The fund owned 24,047 shares of the company’s stock after buying an additional 18 shares during the period. Automatic Data Processing makes up about 4.5% of Delaney Dennis R’s portfolio, making the stock its 5th largest position. Delaney Dennis R’s holdings in Automatic Data Processing were worth $2,121,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ADP. Alpha Windward LLC boosted its position in shares of Automatic Data Processing by 0.6% in the third quarter. Alpha Windward LLC now owns 2,555 shares of the company’s stock valued at $225,000 after buying an additional 16 shares during the last quarter. Chilton Investment Co. LLC boosted its position in shares of Automatic Data Processing by 0.4% in the third quarter. Chilton Investment Co. LLC now owns 4,355 shares of the company’s stock valued at $384,000 after buying an additional 16 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Automatic Data Processing by 0.5% in the second quarter. Sequoia Financial Advisors LLC now owns 3,747 shares of the company’s stock valued at $344,000 after buying an additional 20 shares during the last quarter. Hanson McClain Inc. boosted its position in shares of Automatic Data Processing by 2.0% in the second quarter. Hanson McClain Inc. now owns 1,287 shares of the company’s stock valued at $118,000 after buying an additional 25 shares during the last quarter. Finally, IFC Holdings Incorporated FL boosted its position in shares of Automatic Data Processing by 0.3% in the third quarter. IFC Holdings Incorporated FL now owns 7,682 shares of the company’s stock valued at $678,000 after buying an additional 25 shares during the last quarter.

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

Shares of Automatic Data Processing (NYSE:ADP) opened at 97.82 on Monday. The stock has a market capitalization of $43.91 billion and a price-to-earnings ratio of 26.28. The company’s 50 day moving average is $101.35 and its 200-day moving average is $93.47. Automatic Data Processing has a 1-year low of $80.57 and a 1-year high of $104.09.

Automatic Data Processing (NYSE:ADP) last issued its quarterly earnings results on Wednesday, February 1st. The company reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.06. The firm earned $3 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter last year, the firm posted $0.74 earnings per share. Automatic Data Processing’s revenue was up 6.4% compared to the same quarter last year. Equities analysts anticipate that Automatic Data Processing will post $3.66 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, April 1st. Stockholders of record on Friday, March 10th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.33%.

WARNING: This piece of content was published by sleekmoney and is the sole property of of sleekmoney. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this piece of content can be read at http://sleekmoney.com/automatic-data-processing-adp-is-delaney-dennis-rs-5th-largest-position/1657741.html.

A number of research analysts have commented on the stock. William Blair reaffirmed an “outperform” rating on shares of Automatic Data Processing in a research report on Tuesday, February 7th. BMO Capital Markets reaffirmed a “hold” rating on shares of Automatic Data Processing in a research report on Thursday, February 2nd. Barclays PLC assumed coverage on shares of Automatic Data Processing in a research report on Tuesday, December 20th. They issued an “overweight” rating and a $115.00 target price on the stock. Zacks Investment Research cut shares of Automatic Data Processing from a “hold” rating to a “sell” rating in a research report on Tuesday, November 1st. Finally, Stifel Nicolaus upped their target price on shares of Automatic Data Processing from $95.00 to $105.00 and gave the company a “hold” rating in a research report on Monday, January 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $102.75.

In related news, VP Brock Albinson sold 1,051 shares of the company’s stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $102.81, for a total transaction of $108,053.31. Following the completion of the transaction, the vice president now directly owns 5,049 shares in the company, valued at approximately $519,087.69. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Edward B. Flynn III sold 41,521 shares of the company’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $96.00, for a total value of $3,986,016.00. Following the transaction, the insider now owns 73,553 shares of the company’s stock, valued at $7,061,088. The disclosure for this sale can be found here. Insiders sold a total of 121,765 shares of company stock valued at $12,135,254 over the last quarter.

About Automatic Data Processing

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.

5 Day Chart for NYSE:ADP

Want to see what other hedge funds are holding ADP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Automatic Data Processing (NYSE:ADP).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/automatic-data-processing-adp-is-delaney-dennis-rs-5th-largest-position/1657741.html

Receive News & Ratings for Automatic Data Processing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Automatic Data Processing and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *