700 Shares in Automatic Data Processing, Inc. (NASDAQ:ADP) Acquired by Northwest Bank & Trust Co

Northwest Bank & Trust Co bought a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) during the fourth quarter, Holdings Channel.com reports. The fund bought 700 shares of the business services provider’s stock, valued at approximately $163,000.

A number of other large investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC acquired a new position in Automatic Data Processing in the fourth quarter valued at approximately $78,000. Pineridge Advisors LLC acquired a new position in Automatic Data Processing in the fourth quarter valued at approximately $39,000. Tortoise Investment Management LLC boosted its holdings in Automatic Data Processing by 9.9% in the fourth quarter. Tortoise Investment Management LLC now owns 524 shares of the business services provider’s stock valued at $122,000 after purchasing an additional 47 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in Automatic Data Processing by 13.6% in the fourth quarter. EP Wealth Advisors LLC now owns 14,532 shares of the business services provider’s stock valued at $3,385,000 after purchasing an additional 1,739 shares in the last quarter. Finally, Syon Capital LLC boosted its holdings in Automatic Data Processing by 19.8% in the fourth quarter. Syon Capital LLC now owns 4,515 shares of the business services provider’s stock valued at $1,052,000 after purchasing an additional 747 shares in the last quarter. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. StockNews.com downgraded Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Monday, June 10th. Evercore ISI increased their price objective on Automatic Data Processing from $227.00 to $235.00 and gave the company an “underperform” rating in a report on Tuesday, March 26th. TD Cowen decreased their price objective on Automatic Data Processing from $253.00 to $251.00 and set a “hold” rating for the company in a report on Thursday, May 2nd. JPMorgan Chase & Co. decreased their price objective on Automatic Data Processing from $254.00 to $250.00 and set an “underweight” rating for the company in a report on Thursday, May 2nd. Finally, Mizuho increased their price objective on Automatic Data Processing from $265.00 to $272.00 and gave the company a “buy” rating in a report on Monday, March 11th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $255.42.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock traded down $0.25 during trading hours on Friday, hitting $242.62. 1,106,921 shares of the company were exchanged, compared to its average volume of 1,359,823. Automatic Data Processing, Inc. has a 1 year low of $205.53 and a 1 year high of $256.84. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average of $245.95 and a 200-day moving average of $242.98. The stock has a market capitalization of $99.30 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 2.68 and a beta of 0.78.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, May 1st. The business services provider reported $2.88 EPS for the quarter, topping the consensus estimate of $2.79 by $0.09. Automatic Data Processing had a return on equity of 93.09% and a net margin of 19.56%. The business had revenue of $5.30 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the prior year, the business earned $2.52 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, analysts expect that Automatic Data Processing, Inc. will post 9.17 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 2.31%. The ex-dividend date is Friday, June 14th. Automatic Data Processing’s payout ratio is 62.50%.

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.