Town & Country Bank & Trust CO dba First Bankers Trust CO Acquires 3,662 Shares of Automatic Data Processing, Inc. $ADP

Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 38.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,099 shares of the business services provider’s stock after acquiring an additional 3,662 shares during the period. Automatic Data Processing accounts for about 1.1% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s portfolio, making the stock its 22nd largest position. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Automatic Data Processing were worth $3,369,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Hanson & Doremus Investment Management increased its position in Automatic Data Processing by 15.9% in the 4th quarter. Hanson & Doremus Investment Management now owns 2,354 shares of the business services provider’s stock valued at $606,000 after acquiring an additional 323 shares in the last quarter. Perpetual Ltd lifted its position in shares of Automatic Data Processing by 58.8% during the fourth quarter. Perpetual Ltd now owns 1,215 shares of the business services provider’s stock worth $313,000 after purchasing an additional 450 shares in the last quarter. Relyea Zuckerberg Hanson LLC grew its stake in shares of Automatic Data Processing by 0.3% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 14,539 shares of the business services provider’s stock valued at $3,740,000 after purchasing an additional 45 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Automatic Data Processing by 273.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,217 shares of the business services provider’s stock valued at $1,085,000 after purchasing an additional 3,089 shares during the last quarter. Finally, 1900 Wealth Management LLC increased its holdings in shares of Automatic Data Processing by 15.7% in the fourth quarter. 1900 Wealth Management LLC now owns 2,017 shares of the business services provider’s stock valued at $519,000 after purchasing an additional 274 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the transaction, the vice president directly owned 8,912 shares in the company, valued at approximately $1,857,706.40. The trade was a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David Kwon sold 806 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $264.80, for a total value of $213,428.80. Following the completion of the transaction, the vice president directly owned 11,187 shares of the company’s stock, valued at approximately $2,962,317.60. The trade was a 6.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 4,058 shares of company stock worth $1,000,263. 0.20% of the stock is owned by corporate insiders.

Automatic Data Processing Stock Performance

Shares of NASDAQ:ADP opened at $204.01 on Friday. The firm’s 50 day simple moving average is $218.31 and its 200 day simple moving average is $250.26. Automatic Data Processing, Inc. has a fifty-two week low of $197.08 and a fifty-two week high of $329.93. The company has a market capitalization of $82.14 billion, a price-to-earnings ratio of 19.62 and a beta of 0.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.03.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, beating the consensus estimate of $2.57 by $0.05. The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.34 billion. Automatic Data Processing had a net margin of 19.96% and a return on equity of 68.44%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.35 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. As a group, sell-side analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing announced that its Board of Directors has initiated a stock buyback program on Wednesday, January 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the business services provider to buy up to 5.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, March 13th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 65.38%.

Wall Street Analyst Weigh In

Several research firms have issued reports on ADP. JPMorgan Chase & Co. reduced their price objective on Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating on the stock in a report on Thursday, January 29th. Stifel Nicolaus decreased their price target on Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating on the stock in a report on Monday, February 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Automatic Data Processing in a report on Monday, December 29th. Guggenheim initiated coverage on shares of Automatic Data Processing in a research note on Thursday, March 19th. They issued a “buy” rating and a $270.00 target price on the stock. Finally, Cantor Fitzgerald began coverage on shares of Automatic Data Processing in a research report on Tuesday, January 27th. They set an “overweight” rating and a $306.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $284.77.

Automatic Data Processing Profile

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.