First Interstate Bank Sells 130 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

First Interstate Bank cut its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,194 shares of the business services provider’s stock after selling 130 shares during the quarter. First Interstate Bank’s holdings in Automatic Data Processing were worth $744,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ADP. OFI Invest Asset Management bought a new position in shares of Automatic Data Processing during the 3rd quarter valued at about $25,000. Coppell Advisory Solutions LLC purchased a new stake in Automatic Data Processing during the 2nd quarter valued at about $30,000. Strategic Investment Solutions Inc. IL purchased a new stake in Automatic Data Processing during the 1st quarter valued at about $31,000. Coppell Advisory Solutions Corp. purchased a new stake in Automatic Data Processing during the 4th quarter valued at about $33,000. Finally, DHJJ Financial Advisors Ltd. purchased a new stake in Automatic Data Processing during the 3rd quarter valued at about $34,000. 80.03% of the stock is currently owned by institutional investors.

Insider Transactions at Automatic Data Processing

In other news, VP David Kwon sold 863 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $250.00, for a total value of $215,750.00. Following the completion of the transaction, the vice president now owns 8,285 shares of the company’s stock, valued at $2,071,250. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, VP David Kwon sold 863 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $250.00, for a total transaction of $215,750.00. Following the completion of the transaction, the vice president now directly owns 8,285 shares of the company’s stock, valued at $2,071,250. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Don Mcguire sold 11,333 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.00, for a total value of $2,776,585.00. Following the transaction, the vice president now directly owns 19,906 shares of the company’s stock, valued at $4,876,970. The disclosure for this sale can be found here. Insiders sold a total of 15,162 shares of company stock valued at $3,741,859 over the last 90 days. Company insiders own 0.26% of the company’s stock.

Automatic Data Processing Stock Performance

Automatic Data Processing stock traded up $0.13 during mid-day trading on Tuesday, reaching $244.21. 1,457,656 shares of the stock traded hands, compared to its average volume of 1,833,236. The stock has a market capitalization of $100.32 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 2.29 and a beta of 0.78. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.01 and a quick ratio of 1.01. Automatic Data Processing, Inc. has a 12-month low of $201.46 and a 12-month high of $256.84. The business’s 50-day moving average is $247.82 and its 200-day moving average is $239.13.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, January 31st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. Automatic Data Processing had a return on equity of 95.22% and a net margin of 19.14%. The business had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the previous year, the company posted $1.96 earnings per share. Automatic Data Processing’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side analysts predict that Automatic Data Processing, Inc. will post 9.14 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, June 14th. Automatic Data Processing’s dividend payout ratio (DPR) is 65.19%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $267.00 price objective on shares of Automatic Data Processing in a research report on Thursday, February 1st. Wolfe Research upgraded Automatic Data Processing from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. StockNews.com lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Mizuho lifted their price objective on Automatic Data Processing from $265.00 to $272.00 and gave the stock a “buy” rating in a research report on Monday, March 11th. Finally, Evercore ISI lifted their price objective on Automatic Data Processing from $227.00 to $235.00 and gave the stock an “underperform” rating in a research report on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Automatic Data Processing has an average rating of “Hold” and a consensus price target of $254.58.

Automatic Data Processing 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.