Ballentine Partners LLC reduced its position in Automatic Data Processing (NYSE:ADP) by 20.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,327 shares of the business services provider’s stock after selling 1,106 shares during the period. Ballentine Partners LLC’s holdings in Automatic Data Processing were worth $443,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Private Trust Co. NA increased its stake in shares of Automatic Data Processing by 7.4% in the first quarter. Private Trust Co. NA now owns 9,620 shares of the business services provider’s stock worth $985,000 after buying an additional 665 shares during the period. First National Trust Co. increased its stake in shares of Automatic Data Processing by 10.4% in the first quarter. First National Trust Co. now owns 42,694 shares of the business services provider’s stock worth $4,372,000 after buying an additional 4,005 shares during the period. TNB Financial bought a new stake in shares of Automatic Data Processing during the first quarter worth about $582,000. Community Bank & Trust Waco Texas increased its stake in shares of Automatic Data Processing by 1.3% in the first quarter. Community Bank & Trust Waco Texas now owns 8,000 shares of the business services provider’s stock worth $819,000 after buying an additional 100 shares during the period. Finally, Honkamp Krueger Financial Services Inc. increased its stake in shares of Automatic Data Processing by 9.6% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 3,231 shares of the business services provider’s stock worth $331,000 after buying an additional 283 shares during the period.

Shares of Automatic Data Processing (NYSE ADP) traded up 1.17% during mid-day trading on Tuesday, reaching $110.97. The company’s stock had a trading volume of 2,883,563 shares. Automatic Data Processing has a one year low of $85.48 and a one year high of $121.77. The stock has a market cap of $49.31 billion and a P/E ratio of 28.82. The stock has a 50 day moving average of $106.50 and a 200-day moving average of $102.66.

Automatic Data Processing (NYSE:ADP) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.04 billion. Automatic Data Processing had a return on equity of 59.56% and a net margin of 17.24%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. On average, equities research analysts expect that Automatic Data Processing will post $3.82 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 8th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.28 annualized dividend and a dividend yield of 2.08%.

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A number of brokerages have issued reports on ADP. BMO Capital Markets restated a “market perform” rating and set a $105.00 price objective on shares of Automatic Data Processing in a research report on Wednesday, August 9th. Barclays PLC restated a “buy” rating on shares of Automatic Data Processing in a research report on Thursday, April 27th. Robert W. Baird restated a “neutral” rating and set a $95.00 price objective on shares of Automatic Data Processing in a research report on Sunday, July 30th. Evercore ISI downgraded Automatic Data Processing from an “in-line” rating to an “underperform” rating and set a $85.00 price objective on the stock. in a research report on Friday, June 2nd. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Automatic Data Processing in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $104.96.

In other Automatic Data Processing news, CEO Carlos A. Rodriguez sold 49,392 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $100.01, for a total value of $4,939,693.92. Following the completion of the transaction, the chief executive officer now owns 159,403 shares in the company, valued at $15,941,894.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Carlos A. Rodriguez sold 36,363 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $110.00, for a total transaction of $3,999,930.00. Following the transaction, the chief executive officer now owns 146,494 shares of the company’s stock, valued at approximately $16,114,340. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,620 shares of company stock valued at $9,435,757.

Automatic Data Processing Company 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 (NYSE:ADP)

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