Automatic Data Processing, Inc. (ADP)

The institutional investor owned 15,091 shares of the business services provider's stock after selling 94 shares during the period. Atlas Brown Inc.'s holdings in Automatic Data Processing were worth $1,464,000 as of its most recent filing with the SEC. Raymond James Trust N.A. raised its position in Automatic Data Processing by 0.9% in the first quarter. BlackRock Inc. boosted its position in shares of Automatic Data Processing by 1,971.2% in the first quarter. Community Bank & Trust Waco Texas now owns 8,000 shares of the business services provider's stock worth $819,000 after buying an additional 100 shares in the last quarter. Vanguard Group Inc. raised its position in Automatic Data Processing by 4.4% in the first quarter. Moreover, Capital Invest Advisors Limited Liability Corporation has 0.03% invested in Automatic Data Processing (NASDAQ:ADP) for 2,907 shares. Gulf International Bank UK Ltd now owns 141,822 shares of the business services provider's stock worth $14,521,000 after buying an additional 1,700 shares in the last quarter.

While trading at volume above than average, Automatic Data Processing, Inc.

The volume of the particular stock is the shares bought and sold in a single trading day. Automatic Data Processing has a 12 month low of $85.48 and a 12 month high of $121.77. The stock's 50-day moving average price is $107.04 and its 200 day moving average price is $102.79. The stock has a market capitalization of $49.54 billion and a price-to-earnings ratio of 28.9539. Inc. reduced its position in Automatic Data Processing (NYSE:ADP) by 1.3% during the second quarter, Holdings Channel reports. The business services provider reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.02. The firm had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.04 billion. $783,615 worth of Automatic Data Processing (NASDAQ:ADP) was sold by Eberhard Michael C on Friday, March 17. After $1.50 actual EPS reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts -5.33% negative EPS growth.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 8th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Thurs, Sep 7th. this indicates a $2.28 annual dividend and a payout of 2.05%.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by BNB Daily and is the property of of BNB Daily. If you are accessing this article on another website, it was illegally stolen and reposted in violation of USA and global trademark and copyright laws. The original version of this report can be viewed at https://www.chaffeybreeze.com/2017/08/16/seaward-management-limited-partnership-has-16-91-million-position-in-automatic-data-processing-adp.html. The company's end of quarter revenue went up 5.7% on a YOY basis. for the same period in the prior year, firm reported $0.69 EPS. brokerage firm analysts expect that Automatic information Processing to post $3.82 EPS for the full year.

Presently The Williams Companies, Inc. The stock of Automatic Data Processing (NASDAQ:ADP) earned "Underweight" rating by Morgan Stanley on Thursday, August 3. Stifel Nicolaus restated a "hold" rating and issued a $108.00 target price (up previously from $103.00) on shares of Automatic Data Processing in a research note on Sunday, July 30th. Zacks Investment Research cut Automatic Data Processing from a "hold" rating to a "sell" rating in a research report on Tuesday, July 4th. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold".

In related news, VP Donald Weinstein sold 1,933 shares of the company's stock in a transaction dated Monday, July 3rd. The sale was disclosed in a legal filing with the SEC, which is available at this link.

In other news, CEO Carlos A. Rodriguez sold 49,392 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $110.00, for a total transaction of $3,999,930.00. Following the transaction, the chief executive officer now owns 159,403 shares in the company, valued at $15,941,894.03. The disclosure for this sale can be found here. The Heathbridge Capital Management Ltd holds 261,950 shares with $26.92 million value, down from 265,750 last quarter.

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. Its segments include Employer Services and Professional Employer Organization (PEO) Services. PepsiCo had 46 analyst reports since July 21, 2015 according to SRatingsIntel.

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