Private Trust Co. NA Buys 901 Shares of Automatic Data Processing (ADP)

Private Trust Co. NA raised its holdings in Automatic Data Processing (NASDAQ:ADP) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,214 shares of the business services provider’s stock after acquiring an additional 901 shares during the quarter. Private Trust Co. NA’s holdings in Automatic Data Processing were worth $962,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in ADP. Pennsylvania Trust Co lifted its holdings in Automatic Data Processing by 10.2% in the second quarter. Pennsylvania Trust Co now owns 151,425 shares of the business services provider’s stock valued at $15,515,000 after acquiring an additional 14,048 shares during the period. NN Investment Partners Holdings N.V. increased its position in shares of Automatic Data Processing by 192.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 8,722 shares of the business services provider’s stock valued at $893,000 after buying an additional 5,742 shares in the last quarter. Hills Bank & Trust Co. increased its position in shares of Automatic Data Processing by 87.3% in the second quarter. Hills Bank & Trust Co. now owns 10,300 shares of the business services provider’s stock valued at $1,055,000 after buying an additional 4,800 shares in the last quarter. NEXT Financial Group Inc increased its position in shares of Automatic Data Processing by 8.4% in the second quarter. NEXT Financial Group Inc now owns 5,554 shares of the business services provider’s stock valued at $569,000 after buying an additional 430 shares in the last quarter. Finally, Trust Co. of Vermont increased its position in shares of Automatic Data Processing by 1.0% in the second quarter. Trust Co. of Vermont now owns 69,360 shares of the business services provider’s stock valued at $7,107,000 after buying an additional 711 shares in the last quarter. 78.68% of the stock is owned by institutional investors.

A number of research analysts have recently weighed in on the company. BidaskClub cut Automatic Data Processing from a “hold” rating to a “sell” rating in a research report on Saturday. Citigroup restated a “neutral” rating and issued a $118.00 price target (up previously from $110.00) on shares of Automatic Data Processing in a research report on Friday. Zacks Investment Research cut Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Goldman Sachs Group upgraded Automatic Data Processing from a “neutral” rating to a “buy” rating and raised their price target for the company from $116.02 to $135.00 in a research report on Monday, December 11th. Finally, Bank of America upgraded Automatic Data Processing from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $115.21.

In other Automatic Data Processing news, insider Michael A. Bonarti sold 3,900 shares of Automatic Data Processing stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $116.03, for a total value of $452,517.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John P. Jones III sold 5,688 shares of Automatic Data Processing stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $116.03, for a total value of $659,978.64. Following the completion of the sale, the director now owns 53,956 shares of the company’s stock, valued at approximately $6,260,514.68. The disclosure for this sale can be found here. Insiders sold a total of 115,505 shares of company stock valued at $13,612,788 in the last 90 days. 0.25% of the stock is owned by company insiders.

Automatic Data Processing (ADP) traded up $1.29 during trading on Tuesday, reaching $118.47. The company had a trading volume of 1,644,400 shares, compared to its average volume of 1,833,578. The stock has a market cap of $52,960.00, a PE ratio of 30.07, a PEG ratio of 2.93 and a beta of 0.85. Automatic Data Processing has a 1 year low of $94.11 and a 1 year high of $121.77. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Automatic Data Processing had a return on equity of 42.34% and a net margin of 14.08%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. equities research analysts predict that Automatic Data Processing will post 3.91 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Friday, December 8th were issued a $0.63 dividend. This is a boost from Automatic Data Processing’s previous quarterly dividend of $0.57. The ex-dividend date was Thursday, December 7th. This represents a $2.52 annualized dividend and a yield of 2.13%. Automatic Data Processing’s payout ratio is 63.96%.

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Automatic Data Processing Profile

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services.

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

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