1,441 Shares in Automatic Data Processing, Inc. (NASDAQ:ADP) Purchased by Arvest Bank Trust Division

Arvest Bank Trust Division bought a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,441 shares of the business services provider's stock, valued at approximately $422,000.

Several other institutional investors also recently added to or reduced their stakes in ADP. Cyrus J. Lawrence LLC boosted its stake in Automatic Data Processing by 121.8% in the fourth quarter. Cyrus J. Lawrence LLC now owns 122 shares of the business services provider's stock worth $35,000 after purchasing an additional 67 shares in the last quarter. Sugar Maple Asset Management LLC bought a new stake in shares of Automatic Data Processing during the fourth quarter worth approximately $37,000. Wingate Wealth Advisors Inc. bought a new stake in Automatic Data Processing in the fourth quarter valued at approximately $37,000. HHM Wealth Advisors LLC acquired a new position in shares of Automatic Data Processing in the fourth quarter valued at approximately $41,000. Finally, Kieckhefer Group LLC bought a new stake in Automatic Data Processing during the 4th quarter worth about $42,000. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Trading Up 3.2 %

Shares of ADP stock traded up $9.13 during mid-day trading on Tuesday, reaching $293.98. 711,846 shares of the stock traded hands, compared to its average volume of 1,676,832. The stock's fifty day simple moving average is $300.84 and its two-hundred day simple moving average is $298.30. Automatic Data Processing, Inc. has a 1-year low of $231.27 and a 1-year high of $322.84. The company has a market cap of $119.79 billion, a price-to-earnings ratio of 30.64, a price-to-earnings-growth ratio of 3.62 and a beta of 0.74. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.59.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.05. Automatic Data Processing had a net margin of 19.76% and a return on equity of 80.86%. On average, research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Friday, June 13th. Automatic Data Processing's payout ratio is 64.23%.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Jonathan S. Lehberger sold 2,324 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $303.30, for a total value of $704,869.20. Following the completion of the transaction, the vice president now directly owns 3,063 shares of the company's stock, valued at $929,007.90. This trade represents a 43.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher D'ambrosio sold 473 shares of Automatic Data Processing stock in a transaction on Monday, March 10th. The shares were sold at an average price of $306.20, for a total value of $144,832.60. Following the sale, the vice president now directly owns 7,244 shares of the company's stock, valued at $2,218,112.80. This represents a 6.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,775 shares of company stock valued at $1,447,893. Corporate insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

ADP has been the subject of several research analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $315.00 target price on shares of Automatic Data Processing in a research note on Thursday, January 30th. Barclays upped their price target on shares of Automatic Data Processing from $325.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. UBS Group boosted their price objective on Automatic Data Processing from $318.00 to $324.00 and gave the stock a "neutral" rating in a report on Tuesday, March 4th. StockNews.com cut Automatic Data Processing from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Jefferies Financial Group increased their price objective on Automatic Data Processing from $290.00 to $305.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Automatic Data Processing presently has an average rating of "Hold" and a consensus price target of $302.30.

Automatic Data Processing Company Profile

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.