Fulton Bank N.A. Acquires 131 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Fulton Bank N.A. boosted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADPGet Rating) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,244 shares of the business services provider’s stock after acquiring an additional 131 shares during the period. Fulton Bank N.A.’s holdings in Automatic Data Processing were worth $536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Shields & Co. LLC bought a new stake in shares of Automatic Data Processing in the 2nd quarter valued at about $29,000. Cowa LLC bought a new stake in shares of Automatic Data Processing in the 3rd quarter valued at about $34,000. Timber Creek Capital Management LLC bought a new stake in shares of Automatic Data Processing in the 3rd quarter valued at about $45,000. Bell Investment Advisors Inc boosted its holdings in shares of Automatic Data Processing by 33.8% in the 3rd quarter. Bell Investment Advisors Inc now owns 210 shares of the business services provider’s stock valued at $47,000 after buying an additional 53 shares in the last quarter. Finally, Coston McIsaac & Partners purchased a new position in shares of Automatic Data Processing in the 2nd quarter valued at approximately $48,000. 79.24% of the stock is currently owned by institutional investors.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $213.22 on Friday. The company’s fifty day moving average price is $226.90 and its 200 day moving average price is $237.26. Automatic Data Processing, Inc. has a 1 year low of $196.61 and a 1 year high of $274.92. The stock has a market capitalization of $88.35 billion, a P/E ratio of 28.32, a P/E/G ratio of 2.19 and a beta of 0.81. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.99 and a current ratio of 0.99.

Automatic Data Processing (NASDAQ:ADPGet Rating) last released its quarterly earnings results on Wednesday, January 25th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.01. Automatic Data Processing had a net margin of 18.24% and a return on equity of 96.94%. The firm had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter last year, the company earned $1.65 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Automatic Data Processing, Inc. will post 8.12 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 1st. Shareholders of record on Friday, March 10th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $5.00 annualized dividend and a yield of 2.34%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 66.40%.

Analyst Upgrades and Downgrades

ADP has been the subject of several research analyst reports. StockNews.com raised shares of Automatic Data Processing from a “hold” rating to a “buy” rating in a research report on Friday, March 10th. Wolfe Research increased their price objective on shares of Automatic Data Processing from $220.00 to $225.00 in a research report on Thursday, January 5th. JPMorgan Chase & Co. decreased their price objective on shares of Automatic Data Processing from $253.00 to $245.00 and set an “underweight” rating for the company in a research report on Thursday, January 26th. Mizuho decreased their price objective on shares of Automatic Data Processing from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, January 26th. Finally, Barclays decreased their price objective on shares of Automatic Data Processing from $280.00 to $278.00 and set an “overweight” rating for the company in a research report on Sunday, January 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $246.10.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Donald Weinstein sold 11,427 shares of Automatic Data Processing stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $240.83, for a total transaction of $2,751,964.41. Following the sale, the vice president now owns 32,950 shares of the company’s stock, valued at approximately $7,935,348.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Automatic Data Processing news, insider Carlos A. Rodriguez sold 52,254 shares of Automatic Data Processing stock in a transaction on Thursday, January 5th. The shares were sold at an average price of $234.15, for a total transaction of $12,235,274.10. Following the sale, the insider now owns 44,481 shares of the company’s stock, valued at approximately $10,415,226.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Donald Weinstein sold 11,427 shares of Automatic Data Processing stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $240.83, for a total transaction of $2,751,964.41. Following the sale, the vice president now directly owns 32,950 shares in the company, valued at approximately $7,935,348.50. The disclosure for this sale can be found here. Insiders have sold a total of 106,350 shares of company stock valued at $25,301,670 in the last 90 days. 0.33% of the stock is owned by insiders.

Automatic Data Processing Profile

(Get Rating)

Automatic Data Processing, Inc engages in the provision of business outsourcing solutions specializing in cloud-based human capital management. It operates through the following business segments: Employer Services, Professional Employer Organization Services, and Other. The Employer Services segment provides clients ranging from single-employee small businesses to large enterprises with tens of thousands of employees around the world, offering a range of human resources outsourcing and technology-based human capital management solutions, including strategic, cloud-based platforms.

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Institutional Ownership by Quarter for Automatic Data Processing (NASDAQ:ADP)

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