Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Bought by Vest Financial LLC

Vest Financial LLC boosted its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 60.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 314,888 shares of the business services provider's stock after purchasing an additional 118,112 shares during the period. Automatic Data Processing comprises approximately 1.5% of Vest Financial LLC's investment portfolio, making the stock its 3rd biggest position. Vest Financial LLC owned approximately 0.08% of Automatic Data Processing worth $96,208,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ADP. AMG National Trust Bank increased its stake in Automatic Data Processing by 0.3% during the fourth quarter. AMG National Trust Bank now owns 11,334 shares of the business services provider's stock worth $3,318,000 after acquiring an additional 33 shares during the last quarter. Sentinus LLC boosted its holdings in shares of Automatic Data Processing by 2.3% in the 4th quarter. Sentinus LLC now owns 1,548 shares of the business services provider's stock worth $453,000 after purchasing an additional 35 shares during the period. Rehmann Capital Advisory Group increased its position in shares of Automatic Data Processing by 1.0% during the 4th quarter. Rehmann Capital Advisory Group now owns 3,686 shares of the business services provider's stock valued at $1,079,000 after purchasing an additional 36 shares during the last quarter. Canton Hathaway LLC increased its position in shares of Automatic Data Processing by 6.7% during the 4th quarter. Canton Hathaway LLC now owns 593 shares of the business services provider's stock valued at $174,000 after purchasing an additional 37 shares during the last quarter. Finally, Delta Financial Advisors LLC boosted its stake in Automatic Data Processing by 0.3% during the fourth quarter. Delta Financial Advisors LLC now owns 14,572 shares of the business services provider's stock worth $4,266,000 after buying an additional 37 shares during the period. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock traded down $8.24 on Monday, reaching $318.57. 1,462,879 shares of the stock were exchanged, compared to its average volume of 1,707,242. 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, Inc. has a twelve month low of $231.27 and a twelve month high of $329.93. The business has a 50 day moving average price of $305.96 and a two-hundred day moving average price of $302.64. The firm has a market capitalization of $129.31 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 3.62 and a beta of 0.79.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its earnings results on Wednesday, April 30th. The business services provider reported $3.06 EPS for the quarter, topping analysts' consensus estimates of $2.97 by $0.09. The firm had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $5.49 billion. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. The company's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.88 earnings per share. Analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a $1.54 dividend. This represents a $6.16 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Friday, June 13th. Automatic Data Processing's payout ratio is currently 63.05%.

Insider Activity

In other Automatic Data Processing news, VP Christopher D'ambrosio sold 478 shares of the company's stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $293.14, for a total value of $140,120.92. Following the completion of the sale, the vice president now directly owns 7,364 shares in the company, valued at $2,158,682.96. This represents a 6.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian L. Michaud sold 1,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $305.38, for a total value of $458,070.00. Following the completion of the sale, the vice president now directly owns 12,073 shares of the company's stock, valued at $3,686,852.74. This trade represents a 11.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.21% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ADP. UBS Group increased 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $315.00 price objective on shares of Automatic Data Processing in a research note on Thursday. TD Securities increased their price objective on shares of Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a research note on Wednesday, May 21st. Finally, Stifel Nicolaus boosted their target price on shares of Automatic Data Processing to $305.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $305.64.

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.