The company's most recent Form 13F filed with the Securities and Exchange Commission shows that the stock price of the business services provider increased by 1.4% during the first quarter. The fund held 54,308 of the stock of the business service provider after selling 792 during the period. Automatic Data Processing is the 20th largest stock in Jacobs & Co. CA portfolio. Jacobs & Co. CA held Automatic Data Processing for $12,090,000 in its latest SEC filing.
Other hedge funds and institutional investors have also recently increased or decreased their stakes in this business. Vanguard Group Inc. increased its stake in Automatic Data Processing during the third quarter by 1.2%. Vanguard Group Inc. owns 39.551,673 of the stock of the business service provider, valued at $8,946,194,000, after adding 472,896 additional shares in the last quarter. State Street Corp increased its position in Automatic Data Processing during the third quarter by 1.7%. State Street Corp owns 18,038,152 of the stock of the business service provider, worth $4,098,391,000, after adding 309,039 additional shares in the last quarter. Morgan Stanley increased its shares of Automatic Data Processing during the fourth-quarter by 7.8%. Morgan Stanley owns 11,010 014 shares of Automatic Data Processing's stock, worth $2,629 852,000, after purchasing an additional 794 328 shares during the last quarter. Geode Capital Management LLC increased its holdings of Automatic Data Processing shares by 1.4% in the fourth quarter. Geode Capital Management LLC owns 9,045.455 shares worth $2,157.923,000 of the stock of the business service provider after purchasing an additional 123.725. Charles Schwab Investment Management Inc. increased its holdings of Automatic Data Processing shares by 10.6% in the fourth quarter. Charles Schwab Investment Management Inc. owns 8,586,824 of the stock of the business service provider, worth $2,051,049,000, after purchasing an additional 822 790 shares during the last quarter. Trading on Monday saw a $0.65 gain, bringing the total to $214.48. The trading volume was 130,458 versus its average of 1,912,257. The market cap is $88.61 Billion, the PE ratio is 27.31, and there are two P/E/Gs of 2.18. The company has a moving average 50-days of $215.61, and a moving average 200-days of $224.29. The debt-to equity ratio for the company is 0.81. Its current ratio is 1.00, and its quick ratio is 1.00. Automatic Data Processing, Inc.'s 1-year low is $201.46, and its 1-year high is $274.92.
The last time ) released its quarterly results was on Wednesday, 26th April. The provider of business services reported earnings per share for the first quarter at $2.52, exceeding the consensus estimate by $0.10 and beating the $2.42 forecast. Revenue for the quarter was $4.93 billion, which is higher than analysts' expectations of $3.88 billion. Automatic Data Processing's net margin was 18.46%, and its return on equity was 104.60%. The company's revenue for the quarter was up 9.2% compared to last year. In the same quarter of the previous year, the firm posted $2.21 in earnings per share. Analysts predict that Automatic Data Processing, Inc., as a whole, will report 8.16 earnings per shares for the current fiscal year.
Dividends for Automatic Data Processing
A quarterly dividend was also announced by the firm, and will be paid out on Saturday, 1st July. Dividends of $1.25 will be paid to shareholders who were in the books on Friday, June 9. The dividend is payable on Friday, June 9th. The dividend yield is 2.33%. This amounts to a $5.00 annualized dividend. Automatic Data Processing has a dividend payout ratio of 63.86%.
Analyst Upgrades and downgrades
ADP was the subject of several recent research reports. In a report published on April 27th, Deutsche Bank Aktiengesellschaft reduced their price target for shares of Automatic Data Processing. The new price was $213.00. Barclays reduced their price target on shares of Automatic Data Processing in a report published on Monday, 1st May from $278.00 down to $275.00. Robert W. Baird reduced their target price for shares of Automatic Data Processing in a report published on Thursday, April 27, from $249.00 down to $235.00. Bank of America lowered its target price on shares of Automatic Data Processing in a Monday, April 3, report from $249.00 down to $211.00. The company's rating was changed from 'neutral to underperform'. Citigroup reduced its target price for shares of Automatic Data Processing in a report published on Friday, March 31, from $260.00 down to $235.00. Two analysts have given the stock a sell recommendation, while two others have assigned a hold rating. Three other analysts have given the stock a buy recommendation. According to data from MarketBeat.com the stock has a current consensus rating of "Hold" and a target price of $237.25.
Learn More About Automatic Data Processing
Automatic Data Processing, Inc. provides cloud-based solutions for human capital management worldwide. Employer Services (ES) and Professional Employer Organizations (PEO) are its two main segments. Employer Services offers cloud-based platforms and solutions for human resources (HR).
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