Hancock Whitney Corp Has $2.58 Million Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Hancock Whitney Corp grew its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,307 shares of the business services provider’s stock after purchasing an additional 219 shares during the period. Hancock Whitney Corp’s holdings in Automatic Data Processing were worth $2,576,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Kiely Wealth Advisory Group Inc. bought a new stake in Automatic Data Processing during the second quarter worth about $27,000. Hexagon Capital Partners LLC grew its position in Automatic Data Processing by 78.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 116 shares of the business services provider’s stock worth $32,000 after acquiring an additional 51 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Automatic Data Processing during the 3rd quarter valued at $35,000. Pathway Financial Advisers LLC bought a new position in Automatic Data Processing in the 1st quarter valued at $36,000. Finally, New Millennium Group LLC acquired a new position in Automatic Data Processing in the second quarter worth $40,000. Institutional investors own 80.03% of the company’s stock.

Analyst Upgrades and Downgrades

ADP has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on Automatic Data Processing from $250.00 to $285.00 and gave the company an “underweight” rating in a research note on Tuesday, August 20th. UBS Group raised their price objective on shares of Automatic Data Processing from $270.00 to $295.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Mizuho upped their target price on shares of Automatic Data Processing from $281.00 to $310.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Stifel Nicolaus increased their price target on shares of Automatic Data Processing from $271.00 to $287.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Finally, Barclays boosted their price objective on shares of Automatic Data Processing from $310.00 to $325.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $289.91.

Insider Buying and Selling

In other Automatic Data Processing news, VP Don Mcguire sold 3,179 shares of Automatic Data Processing stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $274.38, for a total transaction of $872,254.02. Following the transaction, the vice president now directly owns 41,696 shares in the company, valued at approximately $11,440,548.48. The trade was a 7.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Maria Black sold 19,147 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $274.38, for a total value of $5,253,553.86. Following the completion of the sale, the chief executive officer now owns 92,807 shares of the company’s stock, valued at $25,464,384.66. This trade represents a 17.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,504 shares of company stock valued at $20,298,056 in the last 90 days. 0.21% of the stock is owned by insiders.

Automatic Data Processing Price Performance

ADP opened at $304.67 on Tuesday. The company has a fifty day moving average price of $290.07 and a two-hundred day moving average price of $266.60. The firm has a market capitalization of $124.14 billion, a PE ratio of 32.51, a P/E/G ratio of 3.55 and a beta of 0.79. Automatic Data Processing, Inc. has a 52 week low of $227.12 and a 52 week high of $309.37. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.01.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.12. Automatic Data Processing had a return on equity of 82.36% and a net margin of 19.72%. The business had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.77 billion. During the same quarter in the prior year, the company posted $2.08 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. As a group, analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be given a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.02%. This is an increase from Automatic Data Processing’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Friday, December 13th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 59.77%.

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.