Hills Bank & Trust Co Sells 49 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

Hills Bank & Trust Co lowered its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,819 shares of the business services provider’s stock after selling 49 shares during the period. Hills Bank & Trust Co’s holdings in Automatic Data Processing were worth $1,389,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ADP. Larson Financial Group LLC lifted its stake in shares of Automatic Data Processing by 43.4% in the 4th quarter. Larson Financial Group LLC now owns 525 shares of the business services provider’s stock valued at $122,000 after acquiring an additional 159 shares during the last quarter. Linden Thomas Advisory Services LLC bought a new position in Automatic Data Processing in the fourth quarter valued at about $262,000. Bfsg LLC acquired a new stake in shares of Automatic Data Processing during the fourth quarter valued at about $42,000. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Automatic Data Processing by 5.4% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,293 shares of the business services provider’s stock valued at $2,165,000 after purchasing an additional 479 shares in the last quarter. Finally, Bailard Inc. grew its holdings in shares of Automatic Data Processing by 23.8% during the fourth quarter. Bailard Inc. now owns 8,620 shares of the business services provider’s stock worth $2,008,000 after purchasing an additional 1,658 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on ADP shares. Royal Bank of Canada restated a “sector perform” rating and issued a $267.00 price objective on shares of Automatic Data Processing in a report on Thursday, August 1st. Barclays increased their price target on Automatic Data Processing from $282.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. StockNews.com raised Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Wednesday. Bank of America increased their target price on shares of Automatic Data Processing from $250.00 to $267.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Automatic Data Processing from $250.00 to $285.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $265.36.

Automatic Data Processing Stock Up 0.1 %

Shares of ADP traded up $0.22 on Friday, reaching $269.60. The company’s stock had a trading volume of 1,206,702 shares, compared to its average volume of 1,658,561. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. Automatic Data Processing, Inc. has a twelve month low of $205.53 and a twelve month high of $270.99. The stock has a market capitalization of $110.34 billion, a PE ratio of 30.09, a PEG ratio of 2.72 and a beta of 0.78. The firm has a fifty day moving average of $250.49 and a 200-day moving average of $248.15.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, July 31st. The business services provider reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. Automatic Data Processing had a net margin of 19.54% and a return on equity of 89.20%. The company had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same quarter in the prior year, the business posted $1.89 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. Equities analysts predict that Automatic Data Processing, Inc. will post 10.01 EPS for the current year.

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, September 13th. Automatic Data Processing’s dividend payout ratio is currently 62.50%.

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.