First National Bank & Trust Co. of Newtown Cuts Stock Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

First National Bank & Trust Co. of Newtown decreased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in ADP. OFI Invest Asset Management bought a new position in Automatic Data Processing during the third quarter valued at approximately $25,000. Coppell Advisory Solutions LLC bought a new position in Automatic Data Processing in the second quarter worth approximately $30,000. Strategic Investment Solutions Inc. IL bought a new position in Automatic Data Processing in the first quarter worth approximately $31,000. Coppell Advisory Solutions Corp. bought a new position in Automatic Data Processing in the fourth quarter worth approximately $33,000. Finally, Fortitude Family Office LLC bought a new position in Automatic Data Processing in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Insider Transactions at Automatic Data Processing

In related news, VP Sreenivasa Kutam sold 368 shares of Automatic Data Processing stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $247.01, for a total transaction of $90,899.68. Following the completion of the sale, the vice president now owns 20,319 shares in the company, valued at approximately $5,018,996.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP David Kwon sold 863 shares of Automatic Data Processing stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $250.00, for a total transaction of $215,750.00. Following the completion of the sale, the vice president now owns 8,285 shares in the company, valued at approximately $2,071,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Sreenivasa Kutam sold 368 shares of Automatic Data Processing stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $247.01, for a total transaction of $90,899.68. Following the sale, the vice president now owns 20,319 shares of the company’s stock, valued at approximately $5,018,996.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,162 shares of company stock worth $3,741,859. 0.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ADP shares. Bank of America upgraded shares of Automatic Data Processing from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $217.00 to $243.00 in a research report on Wednesday, January 17th. Mizuho increased their price objective on shares of Automatic Data Processing from $265.00 to $272.00 and gave the stock a “buy” rating in a research note on Monday, March 11th. StockNews.com cut shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Evercore ISI raised their target price on shares of Automatic Data Processing from $227.00 to $235.00 and gave the company an “underperform” rating in a research note on Tuesday, March 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $267.00 target price on shares of Automatic Data Processing in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $254.58.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP traded up $0.81 on Friday, reaching $242.80. The company’s stock had a trading volume of 379,394 shares, compared to its average volume of 1,799,983. Automatic Data Processing, Inc. has a 52-week low of $201.46 and a 52-week high of $256.84. The company has a market cap of $99.74 billion, a P/E ratio of 28.29, a PEG ratio of 2.28 and a beta of 0.78. The company has a 50-day simple moving average of $247.36 and a 200 day simple moving average of $239.20. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.01 and a current ratio of 1.01.

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

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $1.40 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $5.60 annualized dividend and a dividend yield of 2.31%. 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.