Nicolet Advisory Services LLC Buys 166 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Nicolet Advisory Services LLC increased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 9.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,956 shares of the business services provider’s stock after purchasing an additional 166 shares during the period. Nicolet Advisory Services LLC’s holdings in Automatic Data Processing were worth $489,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ADP. Keener Financial Planning LLC raised its position in Automatic Data Processing by 230.3% in the 1st quarter. Keener Financial Planning LLC now owns 109 shares of the business services provider’s stock valued at $28,000 after buying an additional 76 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in Automatic Data Processing in the 4th quarter valued at approximately $35,000. Pineridge Advisors LLC acquired a new stake in Automatic Data Processing in the 4th quarter valued at approximately $39,000. Evolution Advisers Inc. acquired a new stake in Automatic Data Processing in the 4th quarter valued at approximately $41,000. Finally, Bfsg LLC acquired a new stake in Automatic Data Processing in the 4th quarter valued at approximately $42,000. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Price Performance

Shares of ADP stock traded down $0.43 on Friday, hitting $246.97. 1,424,555 shares of the company’s stock were exchanged, compared to its average volume of 1,656,368. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.01 and a quick ratio of 1.01. Automatic Data Processing, Inc. has a 12 month low of $205.53 and a 12 month high of $256.84. The stock has a market cap of $101.08 billion, a P/E ratio of 27.56, a price-to-earnings-growth ratio of 2.49 and a beta of 0.78. The company has a 50 day moving average of $244.20 and a 200 day moving average of $244.48.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, May 1st. The business services provider reported $2.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.79 by $0.09. Automatic Data Processing had a return on equity of 93.09% and a net margin of 19.56%. The business had revenue of $5.30 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the prior year, the firm earned $2.52 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities research analysts predict that Automatic Data Processing, Inc. will post 9.16 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ADP shares. JPMorgan Chase & Co. dropped their target price on Automatic Data Processing from $254.00 to $250.00 and set an “underweight” rating on the stock in a research report on Thursday, May 2nd. Barclays boosted their price target on Automatic Data Processing from $280.00 to $282.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. StockNews.com lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Evercore ISI boosted their price target on Automatic Data Processing from $227.00 to $235.00 and gave the stock an “underperform” rating in a research report on Tuesday, March 26th. Finally, TD Cowen reduced their price target on Automatic Data Processing from $253.00 to $251.00 and set a “hold” rating for the company in a research note on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $255.42.

Automatic Data Processing Company 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.