Bokf Na Has $6.68 Million Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

BOKF NA cut its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,269 shares of the business services provider's stock after selling 1,149 shares during the period. BOKF NA's holdings in Automatic Data Processing were worth $6,675,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ADP. Littlejohn Financial Services Inc. acquired a new position in Automatic Data Processing in the 4th quarter valued at approximately $708,000. Bath Savings Trust Co grew its stake in Automatic Data Processing by 2.0% during the fourth quarter. Bath Savings Trust Co now owns 99,299 shares of the business services provider's stock worth $29,068,000 after buying an additional 1,951 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Automatic Data Processing by 4.5% in the 3rd quarter. Principal Financial Group Inc. now owns 529,690 shares of the business services provider's stock worth $146,581,000 after acquiring an additional 22,766 shares in the last quarter. Relyea Zuckerberg Hanson LLC increased its holdings in Automatic Data Processing by 121.7% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 12,898 shares of the business services provider's stock valued at $3,776,000 after purchasing an additional 7,080 shares in the last quarter. Finally, Wedmont Private Capital raised its position in Automatic Data Processing by 67.9% in the 4th quarter. Wedmont Private Capital now owns 6,292 shares of the business services provider's stock valued at $1,805,000 after purchasing an additional 2,545 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company's stock.

Insider Activity at Automatic Data Processing

In other news, VP Brian L. Michaud sold 1,500 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $305.38, for a total transaction of $458,070.00. Following the sale, the vice president now directly owns 12,073 shares of the company's stock, valued at approximately $3,686,852.74. This represents a 11.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Christopher D'ambrosio sold 478 shares of the business's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $293.14, for a total value of $140,120.92. Following the completion of the transaction, the vice president now directly owns 7,364 shares of the company's stock, valued at approximately $2,158,682.96. This trade represents a 6.10% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,451 shares of company stock worth $743,024. Company insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. TD Securities raised their target price on Automatic Data Processing from $296.00 to $298.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Stifel Nicolaus upped their target price on shares of Automatic Data Processing to $305.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. UBS Group boosted their price objective on shares of Automatic Data Processing from $318.00 to $324.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 4th. Barclays lifted their target price on Automatic Data Processing from $325.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, StockNews.com lowered Automatic Data Processing from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Automatic Data Processing currently has an average rating of "Hold" and an average target price of $303.55.

Automatic Data Processing Stock Down 0.6%

ADP stock traded down $1.81 during midday trading on Monday, hitting $305.91. The company's stock had a trading volume of 470,837 shares, compared to its average volume of 1,847,696. The company's fifty day moving average price is $297.34 and its 200 day moving average price is $299.31. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.00 and a quick ratio of 1.00. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $322.84. The stock has a market capitalization of $124.18 billion, a P/E ratio of 31.90, a PEG ratio of 3.62 and a beta of 0.76.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released its earnings results on Wednesday, April 30th. The business services provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.09. Automatic Data Processing had a net margin of 19.76% and a return on equity of 80.86%. The business had revenue of $5.55 billion during the quarter, compared to analysts' expectations of $5.49 billion. During the same period last year, the business earned $2.88 earnings per share. The firm's revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

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 paid a $1.54 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.16 annualized dividend and a yield of 2.01%. Automatic Data Processing's dividend payout ratio (DPR) is currently 63.05%.

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.