First National Bank & Trust Co. of Newtown Has $862,000 Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

First National Bank & Trust Co. of Newtown lessened its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,700 shares of the business services provider’s stock after selling 200 shares during the quarter. First National Bank & Trust Co. of Newtown’s holdings in Automatic Data Processing were worth $862,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ADP. Sei Investments Co. boosted its holdings in shares of Automatic Data Processing by 19.3% in the first quarter. Sei Investments Co. now owns 134,223 shares of the business services provider’s stock valued at $30,532,000 after buying an additional 21,671 shares during the period. Dakota Wealth Management acquired a new position in Automatic Data Processing during the first quarter worth $571,000. Zions Bancorporation N.A. boosted its holdings in Automatic Data Processing by 12.4% during the first quarter. Zions Bancorporation N.A. now owns 453 shares of the business services provider’s stock worth $103,000 after purchasing an additional 50 shares during the last quarter. Covestor Ltd boosted its holdings in Automatic Data Processing by 82.8% during the first quarter. Covestor Ltd now owns 636 shares of the business services provider’s stock worth $145,000 after purchasing an additional 288 shares during the last quarter. Finally, Merit Financial Group LLC boosted its holdings in Automatic Data Processing by 4.4% during the first quarter. Merit Financial Group LLC now owns 2,902 shares of the business services provider’s stock worth $660,000 after purchasing an additional 121 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ADP. Mizuho increased their target price on shares of Automatic Data Processing from $265.00 to $272.00 and gave the stock a “buy” rating in a report on Monday, March 11th. Royal Bank of Canada restated a “sector perform” rating and set a $267.00 target price on shares of Automatic Data Processing in a report on Thursday, February 1st. Wolfe Research upgraded shares of Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a report on Thursday, January 4th. Bank of America upgraded shares of Automatic Data Processing from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $217.00 to $243.00 in a report on Wednesday, January 17th. Finally, StockNews.com lowered shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $254.58.

Insider Activity at Automatic Data Processing

In related news, VP David Kwon sold 863 shares of Automatic Data Processing stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $250.00, for a total transaction of $215,750.00. Following the sale, the vice president now directly owns 8,285 shares of the company’s stock, valued at approximately $2,071,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Automatic Data Processing news, VP Don Mcguire sold 11,333 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.00, for a total transaction of $2,776,585.00. Following the sale, the vice president now directly owns 19,906 shares of the company’s stock, valued at approximately $4,876,970. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David Kwon sold 863 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $250.00, for a total transaction of $215,750.00. Following the sale, the vice president now directly owns 8,285 shares in the company, valued at $2,071,250. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,162 shares of company stock valued at $3,741,859. 0.26% of the stock is owned by insiders.

Automatic Data Processing Price Performance

ADP stock traded up $0.81 during mid-day trading on Friday, hitting $242.80. The stock had a trading volume of 379,394 shares, compared to its average volume of 1,799,983. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.69. Automatic Data Processing, Inc. has a 52 week low of $201.46 and a 52 week high of $256.84. The firm has a market capitalization of $99.74 billion, a P/E ratio of 28.29, a P/E/G ratio of 2.28 and a beta of 0.78. The firm has a fifty day simple moving average of $247.36 and a 200 day simple moving average of $239.20.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, January 31st. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. Automatic Data Processing had a net margin of 19.14% and a return on equity of 95.22%. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the firm earned $1.96 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, research analysts forecast that Automatic Data Processing, Inc. will post 9.14 EPS for the current year.

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Friday, June 14th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 65.19%.

About Automatic Data Processing

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.