Automatic Data Processing, Inc. (NASDAQ: ADP) disclosed in its most recent 13F filing with the Securities and Exchange Commission that GYL Financial Synergies LLC increased its position in the company during the third quarter by 62.6%. This information was provided by GYL Financial Synergies LLC (SEC). At the end of the month, the company had a total of 2,198 shares of the business services provider’s stock in its possession. This was achieved by purchasing an additional 846 shares during the period. According to the most recent report that GYL Financial Synergies LLC filed with the Securities and Exchange Commission, the company held a total of $497.00 worth of ADP (SEC).
In the most recent few months, various other institutional investors and hedge funds have modified their positions in ADP. These adjustments were made in response to recent market developments. A new holding was established in automatic data processing with an investment of $26,000 made by Hexagon Capital Partners LLC during the second quarter of the fiscal year. The amount of $29,000 was invested in automatic data processing by Wellington Shields & Co. LLC as part of a brand-new purchase made during the second quarter. Castle Wealth Management LLC increased its holdings in Automatic Data Processing by purchasing a position in the company during the second quarter. The position was worth $42,000. During the third quarter, Timber Creek Capital Management LLC made a financial investment in the automatic data processing sector for $45,000.
Last but not least, during the second quarter, Arlington Partners LLC made a whopping 505.9% increase in the amount of ADP stock it owned, making it the largest single increase in the percentage of stock it owned. After making an additional purchase of 172 shares during the most recent quarter, Arlington Partners LLC now owns 206 shares of the publicly traded company. The value of the company’s market cap is $43,000. At this time, institutional investors and hedge funds control 79.24% of the outstanding shares.
On Friday, the price of a single share of ADP rose by $0.63, taking it to a new all-time high of $244.89. Eleven thousand nine hundred forty-three shares of the company’s stock were traded, which is a volume that is significantly lower than the daily average volume of trading for the company, which is 1,491 423 shares traded. Within the past year, Automatic Data Processing, Inc.’s share price ranged from a low of $192.26 to a high of $274.92. The lowest price it ever reached was $192.26. The debt-to-equity ratio is calculated to be 1.16, the quick ratio is calculated to be 0.97, and the current ratio is also calculated to be 0.97. The share price is currently trading at $250.31, which is higher than its 50-day moving average of $239.83 and its 200-day moving average of $239.83. The company has a P/E ratio of 33.78, a P/E/G ratio of 2.47, and a beta coefficient of 0.85, all of which contribute to its market capitalization of $101.59 billion.
Automatic Data Processing (NASDAQ: ADP) announced the financial results of its third quarter on Wednesday, October 26. The company reported earnings of $1.86 per share for the quarter, which is $0.08 more than the estimated $1.78 per share that market analysts had used as a benchmark. The company’s quarterly revenue of $4.22 billion far surpassed analysts’ projections of $4.16 billion in sales for the period in question, indicating that the company is performing exceptionally well financially. Automatic Data Processing had a return on equity of 80.50%, while the net margin for the company was 17.93%. Compared to the same quarter in the previous year, the increase in revenue was 10.3% higher than expected. During the same period the previous year, the corporation made a profit of $1.65 on each share of common stock it held. According to the forecasts provided by analysts working in the relevant industry, Automatic Data Processing, Inc. will likely generate a profit of $8.12 per share for the current financial year.
In addition, the company has declared a quarterly dividend, which will be disbursed on the first Saturday of April each year. Shareholders whose records were complete as of the tenth Saturday of March will be eligible to receive the dividend payment of $1.25. It will be distributed on the first Saturday of April. Shareholders whose records were complete as of March 10 will be eligible to receive the dividend payment of $1.25. This coming Thursday, March 9th, marks the last day dividends will be distributed to shareholders. This equates to a dividend yield of 2.04% and an annual dividend payment of $5. Automatic Data Processing’s dividend payout ratio is 69.16% as of the most recent financial report.
In related news, Automatic Data Processing insider Carlos A. Rodriguez sold 52,254 shares of the company’s stock on January 5. This news is relevant to this topic. The total amount paid for the purchase of the shares was $12,235,274.10, which corresponds to a price of $234.15 per share on an average basis. At present, the insider of the company directly owns 44,481 shares of the company’s stock, which have a value of $10,415,226.15. On the Securities and Exchange Commission’s (SEC) website, you can access the information submitted to the SEC regarding the transaction, which is currently available. As stated in the paragraph before this one, on January 5, a person going by the name of Carlos A. Rodriguez sold 52,254 shares of the company’s stock. The total amount paid for the purchase of the shares was $12,235,274.10, which corresponds to a price of $234.15 per share on an average basis. After the completion of the transaction, the company insider now owns a total of 44,481 shares of the company, which have a value of $10,415,226.15 at the moment. On the Securities and Exchange Commission website, there is a document that can be viewed that provides an in-depth summary of the transaction in its entirety (SEC). Carlos A. Rodriguez, an employee of the company who was an insider, sold 37,594 shares of the company’s stock on Monday, January 9. A total of 9,071,056.26 dollars’ worth of the company’s stock was traded for $241.29 per share for a total transaction volume of that amount. The company insider currently directly owns 44,481 shares of the company, which