Banco Santander S.A. lifted its stake in Automatic Data Processing (NASDAQ:ADP) by 15.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,146 shares of the business services provider’s stock after acquiring an additional 809 shares during the quarter. Banco Santander S.A.’s holdings in Automatic Data Processing were worth $973,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc grew its position in Automatic Data Processing by 1.2% during the third quarter. Vanguard Group Inc now owns 36,946,069 shares of the business services provider’s stock valued at $5,566,295,000 after buying an additional 425,007 shares during the period. BlackRock Inc. boosted its position in shares of Automatic Data Processing by 5.4% in the fourth quarter. BlackRock Inc. now owns 30,996,337 shares of the business services provider’s stock worth $4,064,239,000 after purchasing an additional 1,587,214 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Automatic Data Processing by 18,918.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,462,482 shares of the business services provider’s stock worth $179,000 after purchasing an additional 23,339,116 shares during the period. Lunia Capital LP boosted its position in shares of Automatic Data Processing by 14,251.9% in the fourth quarter. Lunia Capital LP now owns 18,367,683 shares of the business services provider’s stock worth $18,368,000 after purchasing an additional 18,239,702 shares during the period. Finally, Polen Capital Management LLC boosted its position in shares of Automatic Data Processing by 3.2% in the fourth quarter. Polen Capital Management LLC now owns 7,376,430 shares of the business services provider’s stock worth $967,198,000 after purchasing an additional 226,969 shares during the period. Hedge funds and other institutional investors own 79.79% of the company’s stock.

In other news, VP Donald Weinstein sold 1,706 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $165.01, for a total value of $281,507.06. Following the transaction, the vice president now owns 26,220 shares of the company’s stock, valued at $4,326,562.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Stuart Sackman sold 1,478 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $155.13, for a total transaction of $229,282.14. Following the completion of the transaction, the vice president now directly owns 24,122 shares in the company, valued at approximately $3,742,045.86. The disclosure for this sale can be found here. Insiders sold 30,456 shares of company stock worth $5,010,669 in the last three months. Insiders own 0.33% of the company’s stock.

ADP stock opened at $165.22 on Thursday. Automatic Data Processing has a one year low of $121.40 and a one year high of $168.87. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $71.86 billion, a PE ratio of 31.57, a P/E/G ratio of 2.34 and a beta of 0.92.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, May 1st. The business services provider reported $1.77 EPS for the quarter, topping the consensus estimate of $1.69 by $0.08. Automatic Data Processing had a net margin of 13.76% and a return on equity of 50.53%. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the firm earned $1.57 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts predict that Automatic Data Processing will post 5.44 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Thursday, June 13th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 72.64%.

ADP has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Automatic Data Processing from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. Zacks Investment Research upgraded shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $178.00 price target for the company in a research report on Thursday, May 9th. Sanford C. Bernstein lowered shares of Automatic Data Processing from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 30th. Citigroup upped their price target on shares of Automatic Data Processing from $147.00 to $162.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, Barclays upped their price target on shares of Automatic Data Processing from $168.00 to $180.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Automatic Data Processing has an average rating of “Hold” and a consensus target price of $159.92.

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About Automatic Data Processing

Automatic Data Processing, Inc provides business process outsourcing services worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) outsourcing and technology-based human capital management solutions.

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

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