Town & Country Bank & Trust CO dba First Bankers Trust CO Has $2.91 Million Stake in Automatic Data Processing, Inc. (NASDAQ:ADP)

Town & Country Bank & Trust CO dba First Bankers Trust CO lowered its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 21.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,529 shares of the business services provider's stock after selling 2,677 shares during the period. Automatic Data Processing comprises approximately 1.1% of Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings, making the stock its 27th largest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in Automatic Data Processing were worth $2,911,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. AMG National Trust Bank lifted its holdings in shares of Automatic Data Processing by 0.3% in the 4th quarter. AMG National Trust Bank now owns 11,334 shares of the business services provider's stock valued at $3,318,000 after buying an additional 33 shares during the period. Sentinus LLC increased its stake in Automatic Data Processing by 2.3% in the 4th quarter. Sentinus LLC now owns 1,548 shares of the business services provider's stock valued at $453,000 after purchasing an additional 35 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in Automatic Data Processing by 1.0% in 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 in the last quarter. Gilbert & Cook Inc. increased its position in Automatic Data Processing by 2.0% during the fourth quarter. Gilbert & Cook Inc. now owns 1,842 shares of the business services provider's stock worth $539,000 after buying an additional 37 shares in the last quarter. Finally, Optas LLC increased its position in Automatic Data Processing by 3.4% during the fourth quarter. Optas LLC now owns 1,114 shares of the business services provider's stock worth $326,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company's stock.

Insider Activity

In other news, VP Brian L. Michaud sold 1,500 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $305.38, for a total value of $458,070.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $140,120.92. Following the completion of the transaction, the vice president now directly owns 7,364 shares in the company, valued at $2,158,682.96. This trade represents a 6.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,451 shares of company stock worth $743,024 over the last quarter. Corporate insiders own 0.21% of the company's stock.

Automatic Data Processing Price Performance

ADP traded down $0.97 during trading on Tuesday, reaching $324.83. The stock had a trading volume of 317,302 shares, compared to its average volume of 1,696,743. The firm has a market capitalization of $131.86 billion, a price-to-earnings ratio of 33.87, a price-to-earnings-growth ratio of 3.62 and a beta of 0.76. 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 1-year low of $231.27 and a 1-year high of $327.99. The stock has a 50 day moving average of $304.21 and a two-hundred day moving average of $301.89.

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

Automatic Data Processing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a $1.54 dividend. The ex-dividend date is Friday, June 13th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 1.90%. Automatic Data Processing's payout ratio is currently 63.05%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ADP shares. Wall Street Zen downgraded Automatic Data Processing from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Stifel Nicolaus boosted their price objective on Automatic Data Processing to $305.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. UBS Group boosted their price objective on Automatic Data Processing from $318.00 to $324.00 and gave the company a "neutral" rating in a report on Tuesday, March 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $315.00 target price on shares of Automatic Data Processing in a report on Thursday, May 1st. Finally, Barclays boosted their price objective on Automatic Data Processing from $325.00 to $350.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $305.64.

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.