First National Bank of Mount Dora Trust Investment Services Has $845,000 Stock Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

First National Bank of Mount Dora Trust Investment Services lessened its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 12.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,886 shares of the business services provider’s stock after selling 411 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in Automatic Data Processing were worth $845,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Chemistry Wealth Management LLC lifted its position in shares of Automatic Data Processing by 15.8% during the 4th quarter. Chemistry Wealth Management LLC now owns 2,381 shares of the business services provider’s stock worth $697,000 after purchasing an additional 324 shares during the last quarter. Relyea Zuckerberg Hanson LLC lifted its position in shares of Automatic Data Processing by 121.7% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 12,898 shares of the business services provider’s stock worth $3,776,000 after purchasing an additional 7,080 shares during the last quarter. Avanza Fonder AB acquired a new position in shares of Automatic Data Processing during the 4th quarter worth about $8,916,000. Procyon Advisors LLC lifted its position in shares of Automatic Data Processing by 0.8% during the 4th quarter. Procyon Advisors LLC now owns 21,106 shares of the business services provider’s stock worth $6,178,000 after purchasing an additional 171 shares during the last quarter. Finally, Everpar Advisors LLC lifted its position in shares of Automatic Data Processing by 3.4% during the 4th quarter. Everpar Advisors LLC now owns 1,969 shares of the business services provider’s stock worth $576,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Buying and Selling at Automatic Data Processing

In related news, VP Sreenivasa Kutam sold 38,975 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $300.00, for a total transaction of $11,692,500.00. Following the sale, the vice president now owns 32,604 shares of the company’s stock, valued at approximately $9,781,200. This trade represents a 54.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Maria Black sold 721 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $291.59, for a total value of $210,236.39. Following the sale, the chief executive officer now directly owns 68,856 shares in the company, valued at $20,077,721.04. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,129 shares of company stock worth $12,604,872. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ADP shares. UBS Group upped their price target on Automatic Data Processing from $270.00 to $295.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Citigroup upped their price target on Automatic Data Processing from $260.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. StockNews.com cut Automatic Data Processing from a “buy” rating to a “hold” rating in a report on Saturday, January 11th. Royal Bank of Canada upped their price target on Automatic Data Processing from $267.00 to $315.00 and gave the company a “sector perform” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group increased their target price on Automatic Data Processing from $260.00 to $290.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Automatic Data Processing has an average rating of “Hold” and a consensus target price of $289.91.

Automatic Data Processing Stock Down 0.0 %

NASDAQ ADP opened at $296.18 on Friday. The firm has a market cap of $120.68 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 3.34 and a beta of 0.79. Automatic Data Processing, Inc. has a one year low of $231.27 and a one year high of $309.63. The stock’s 50 day simple moving average is $298.07 and its 200 day simple moving average is $279.57. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.01 and a quick ratio of 1.01.

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

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $1.54 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.16 dividend on an annualized basis and a yield of 2.08%. Automatic Data Processing’s payout ratio is 65.74%.

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.