Tandem Investment Advisors Inc. Sells 1,836 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Tandem Investment Advisors Inc. reduced its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 166,110 shares of the business services provider’s stock after selling 1,836 shares during the quarter. Automatic Data Processing comprises approximately 1.8% of Tandem Investment Advisors Inc.’s portfolio, making the stock its 26th biggest holding. Tandem Investment Advisors Inc.’s holdings in Automatic Data Processing were worth $48,625,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Automatic Data Processing during the third quarter worth $26,000. Dunhill Financial LLC increased its position in Automatic Data Processing by 346.5% during the third quarter. Dunhill Financial LLC now owns 106 shares of the business services provider’s stock worth $29,000 after acquiring an additional 149 shares during the period. Capital Performance Advisors LLP bought a new position in Automatic Data Processing during the third quarter worth about $35,000. Sugar Maple Asset Management LLC acquired a new stake in Automatic Data Processing in the 4th quarter worth about $37,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in Automatic Data Processing in the 4th quarter valued at about $37,000. 80.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ADP has been the topic of several recent research reports. Mizuho raised their target price on shares of Automatic Data Processing from $281.00 to $310.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Barclays raised their price objective on Automatic Data Processing from $325.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $315.00 target price on shares of Automatic Data Processing in a research report on Thursday, January 30th. TD Cowen boosted their price target on Automatic Data Processing from $276.00 to $285.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, StockNews.com cut shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Automatic Data Processing presently has an average rating of “Hold” and an average price target of $293.55.

Automatic Data Processing Stock Down 0.4 %

Shares of NASDAQ ADP opened at $311.97 on Friday. The stock has a 50-day moving average price of $298.44 and a two-hundred day moving average price of $289.74. Automatic Data Processing, Inc. has a 12 month low of $231.27 and a 12 month high of $313.72. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59. The company has a market cap of $127.12 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 3.61 and a beta of 0.79.

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

Automatic Data Processing Announces Dividend

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

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP Brian L. Michaud sold 362 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $293.83, for a total value of $106,366.46. Following the completion of the transaction, the vice president now directly owns 13,706 shares in the company, valued at approximately $4,027,233.98. This represents a 2.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jonathan S. Lehberger sold 2,324 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $303.30, for a total transaction of $704,869.20. Following the transaction, the vice president now directly owns 3,063 shares of the company’s stock, valued at $929,007.90. The trade was a 43.14 % 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 90 days. 0.21% of the stock is owned by corporate insiders.

Automatic Data Processing Profile

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.