Automatic Data Processing, Inc. (NASDAQ:ADP) Stake Trimmed by NBT Bank N A NY

NBT Bank N A NY decreased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,405 shares of the business services provider's stock after selling 1,142 shares during the period. Automatic Data Processing accounts for 0.9% of NBT Bank N A NY's portfolio, making the stock its 23rd largest position. NBT Bank N A NY's holdings in Automatic Data Processing were worth $12,999,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of Automatic Data Processing during the 3rd quarter valued at $35,000. CWA Asset Management Group LLC purchased a new stake in Automatic Data Processing in the 3rd quarter valued at about $1,066,000. Assetmark Inc. raised its holdings in shares of Automatic Data Processing by 6.5% in the 3rd quarter. Assetmark Inc. now owns 3,437 shares of the business services provider's stock valued at $951,000 after purchasing an additional 211 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of Automatic Data Processing by 80.2% during the 3rd quarter. Lindbrook Capital LLC now owns 4,241 shares of the business services provider's stock worth $1,174,000 after acquiring an additional 1,887 shares in the last quarter. Finally, Kerusso Capital Management LLC increased its stake in Automatic Data Processing by 6.5% during the 3rd quarter. Kerusso Capital Management LLC now owns 5,204 shares of the business services provider's stock valued at $1,440,000 after purchasing an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company's stock.

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Automatic Data Processing Trading Down 1.2 %

Shares of Automatic Data Processing stock traded down $3.63 during mid-day trading on Thursday, hitting $290.55. 2,061,672 shares of the stock were exchanged, compared to its average volume of 1,506,012. The stock has a market capitalization of $118.39 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 3.62 and a beta of 0.76. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $322.84. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59. The company has a 50-day simple moving average of $302.30 and a 200 day simple moving average of $294.33.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.35 EPS for the quarter, beating 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%. Research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Friday, March 14th. Automatic Data Processing's payout ratio is currently 64.23%.

Insiders Place Their Bets

In related news, VP Christopher D'ambrosio sold 473 shares of Automatic Data Processing stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $306.20, for a total transaction of $144,832.60. Following the sale, the vice president now directly owns 7,244 shares in the company, valued at $2,218,112.80. The trade was a 6.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian L. Michaud sold 362 shares of Automatic Data Processing stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $293.83, for a total transaction of $106,366.46. Following the sale, the vice president now owns 13,706 shares in the company, valued at approximately $4,027,233.98. This represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,951 shares of company stock valued at $1,762,074 over the last 90 days. 0.21% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. UBS Group increased their price objective on shares of Automatic Data Processing from $318.00 to $324.00 and gave the company a "neutral" rating in a report on Tuesday, March 4th. StockNews.com lowered shares of Automatic Data Processing from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Jefferies Financial Group lifted their price target on shares of Automatic Data Processing from $290.00 to $305.00 and gave the stock a "hold" rating in a research note on Thursday, January 30th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $315.00 target price on shares of Automatic Data Processing in a report on Thursday, January 30th. Finally, Barclays boosted their price objective 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $296.18.

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.