Automatic Data Processing, Inc. (NASDAQ:ADP) marched up 37.32% compared to a 52-week low price of $85.48. The shares were last seen trading 1.51% higher, taking the closing price at $117.38 on Jul. 28, 2017. At recent session, the prices were hovering between $115 and $117.66. This company shares are -14.36% up from its target price of $100.52 and the current market capitalization stands at $51.73B. The recent change has given its price a 14.87% lead over SMA 50 and -2.18% deficit over its 52-week high. The stock witnessed 14.32% gains, 12.34% gains and 15.41% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ADP’s volatility during a week at 4.89% and during a month it has been found around 2.21%.
Automatic Data Processing, Inc. (ADP) Top Holders
Institutional investors currently hold around $41.86 billion or 80.3% in ADP stock. Look at its top three institutional owners. Vanguard Group Inc owns $4.01 billion in Automatic Data Processing, Inc., which represents roughly 7.76% of the company’s market cap and approximately 9.59% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 29,631,769 shares of the stock are valued at $3.48 billion. The third largest holder is State Street Corp, which currently holds $2.4 billion worth of this stock and that ownership represents nearly 4.64% of its market capitalization.
Automatic Data Processing, Inc. 13F Filings
At the end of Mar reporting period, 473 institutional holders increased their position in Automatic Data Processing, Inc. (NASDAQ:ADP) by some 15,826,420 shares, 563 decreased positions by 14,134,341 and 221 held positions by 326,671,112. That puts total institutional holdings at 356,631,873 shares, according to SEC filings. The stock grabbed 69 new institutional investments totaling 3,486,285 shares while 72 institutional investors sold out their entire positions totaling 1,364,244 shares.
Automatic Data Processing, Inc. (NASDAQ:ADP) Insider Trades
Multiple company employees have indulged in significant insider trading. Automatic Data Processing, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Corporate Vice President Bonarti Michael A has sold 2,932 shares of Automatic Data Processing, Inc. (ADP) in trading session dated Jul. 03, 2017. These shares are worth $299,005 and were traded at $101.98 each. The SEC filing shows that Weinstein Donald performed a sale of 1,933 shares. The Corporate VP disposed these shares by way of transaction on Jul. 03, 2017. The company’s shares were given away at $101.98 per share worth to an income of some $197,127 on account of Weinstein Donald.
President & CEO, Rodriguez Carlos A, sold 49,392 common shares of Automatic Data Processing, Inc. (ADP) in the open market. In a transaction dated May. 24, 2017, the shares were put up for sale at an average price of $100.01, raking in a sum of $4,939,694. After this sale, 110,011 common shares of ADP are directly owned by the insider, with total stake valued at $12,913,091.
In the transaction dated Mar. 17, 2017, the great number of shares disposed came courtesy the Corp. VP; Perrotti Thomas J disposed a total of 2,868 shares at an average price of $105.02, amounting to approximately $301,197. The insider now directly owns 12,503 shares worth $1,467,602.
Automatic Data Processing, Inc. (ADP) Analyst Guide
Several analysts have released their opinion on Automatic Data Processing, Inc. (NASDAQ:ADP), with 2 analysts believing it is a strong buy. Whereas 11 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 2 strong sell ratings, collectively assigning a 3 average brokerage recommendation.