Flossbach Von Storch SE Has $20.69 Million Stock Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

Flossbach Von Storch SE trimmed its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 14.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,692 shares of the business services provider’s stock after selling 12,000 shares during the quarter. Flossbach Von Storch SE’s holdings in Automatic Data Processing were worth $20,694,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Boston Financial Mangement LLC grew its position in shares of Automatic Data Processing by 0.4% during the 4th quarter. Boston Financial Mangement LLC now owns 31,048 shares of the business services provider’s stock worth $9,089,000 after buying an additional 114 shares during the period. Auour Investments LLC bought a new stake in Automatic Data Processing in the 4th quarter valued at approximately $210,000. Concurrent Investment Advisors LLC lifted its stake in Automatic Data Processing by 3.7% in the 4th quarter. Concurrent Investment Advisors LLC now owns 30,603 shares of the business services provider’s stock valued at $8,959,000 after acquiring an additional 1,090 shares in the last quarter. Advyzon Investment Management LLC bought a new stake in shares of Automatic Data Processing during the 4th quarter worth approximately $238,000. Finally, Mcdaniel Terry & Co. raised its stake in shares of Automatic Data Processing by 5.5% during the 4th quarter. Mcdaniel Terry & Co. now owns 195,076 shares of the business services provider’s stock worth $57,105,000 after purchasing an additional 10,158 shares in the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ADP. Mizuho boosted their target price on Automatic Data Processing from $281.00 to $310.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Barclays upped their target price on Automatic Data Processing from $325.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. StockNews.com downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. TD Cowen increased their target price on Automatic Data Processing from $276.00 to $285.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $315.00 target price on shares of Automatic Data Processing in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $293.55.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP Jonathan S. Lehberger sold 2,324 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $303.30, for a total value of $704,869.20. Following the completion of the sale, the vice president now owns 3,063 shares in the company, valued at approximately $929,007.90. This represents a 43.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian L. Michaud sold 362 shares of Automatic Data Processing stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $293.83, for a total transaction of $106,366.46. Following the completion of the sale, the vice president now owns 13,706 shares of the company’s stock, valued at $4,027,233.98. This trade represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,478 shares of company stock valued at $1,617,241 in the last ninety days. Company insiders own 0.21% of the company’s stock.

Automatic Data Processing Price Performance

NASDAQ ADP opened at $313.22 on Thursday. The business’s fifty day moving average price is $298.18 and its 200-day moving average price is $289.59. The stock has a market capitalization of $127.62 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 3.59 and a beta of 0.79. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.00 and a quick ratio of 1.00. Automatic Data Processing, Inc. has a 1-year low of $231.27 and a 1-year high of $313.72.

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

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Friday, March 14th. Automatic Data Processing’s payout ratio is presently 64.23%.

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.