Sabal Trust CO Purchases 200 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Sabal Trust CO increased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 11.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,917 shares of the business services provider’s stock after acquiring an additional 200 shares during the quarter. Sabal Trust CO’s holdings in Automatic Data Processing were worth $561,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ADP. Strategic Blueprint LLC lifted its stake in Automatic Data Processing by 1.0% in the third quarter. Strategic Blueprint LLC now owns 4,454 shares of the business services provider’s stock valued at $1,233,000 after buying an additional 46 shares in the last quarter. Fidelis Capital Partners LLC increased its holdings in shares of Automatic Data Processing by 4.4% in the third quarter. Fidelis Capital Partners LLC now owns 7,844 shares of the business services provider’s stock valued at $2,275,000 after purchasing an additional 334 shares during the last quarter. Childress Capital Advisors LLC increased its holdings in shares of Automatic Data Processing by 2.8% in the third quarter. Childress Capital Advisors LLC now owns 1,500 shares of the business services provider’s stock valued at $415,000 after purchasing an additional 41 shares during the last quarter. Pathway Financial Advisers LLC increased its holdings in shares of Automatic Data Processing by 33,258.9% in the third quarter. Pathway Financial Advisers LLC now owns 48,704 shares of the business services provider’s stock valued at $13,478,000 after purchasing an additional 48,558 shares during the last quarter. Finally, Trajan Wealth LLC boosted its position in shares of Automatic Data Processing by 22.3% in the third quarter. Trajan Wealth LLC now owns 11,207 shares of the business services provider’s stock valued at $3,101,000 after acquiring an additional 2,041 shares during the period. Institutional investors own 80.03% of the company’s stock.

Wall Street Analyst Weigh In

ADP has been the subject of a number of recent research reports. TD Cowen boosted their target price on shares of Automatic Data Processing from $276.00 to $285.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Mizuho boosted their target price on shares of Automatic Data Processing from $281.00 to $310.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Barclays upped their price objective on shares of Automatic Data Processing from $325.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $315.00 price objective on shares of Automatic Data Processing in a research report on Thursday, January 30th. Finally, Jefferies Financial Group upped their price objective on shares of Automatic Data Processing from $290.00 to $305.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $293.55.

Automatic Data Processing Stock Down 0.7 %

Shares of NASDAQ ADP opened at $311.21 on Thursday. The stock has a 50-day moving average price of $299.84 and a two-hundred day moving average price of $291.39. Automatic Data Processing, Inc. has a 12 month low of $231.27 and a 12 month high of $315.29. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59. The company has a market cap of $126.80 billion, a price-to-earnings ratio of 32.45, a PEG ratio of 3.62 and a beta of 0.79.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.05. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. As a group, analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $1.54 dividend. This represents a $6.16 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, March 14th. Automatic Data Processing’s dividend payout ratio is currently 64.23%.

Insider Activity

In other Automatic Data Processing news, VP Brian L. Michaud sold 362 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $293.83, for a total transaction of $106,366.46. Following the completion of the sale, the vice president now owns 13,706 shares of the company’s stock, valued at approximately $4,027,233.98. This represents a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP David Foskett sold 1,004 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $289.29, for a total transaction of $290,447.16. Following the sale, the vice president now directly owns 5,958 shares of the company’s stock, valued at $1,723,589.82. This represents a 14.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,478 shares of company stock valued at $1,617,241 over the last quarter. 0.21% of the stock is owned by company insiders.

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.