Bath Savings Trust Co Sells 1,790 Shares of Automatic Data Processing (NASDAQ:ADP)

Bath Savings Trust Co lowered its position in shares of Automatic Data Processing (NASDAQ:ADP) by 2.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,058 shares of the business services provider’s stock after selling 1,790 shares during the quarter. Automatic Data Processing makes up about 2.3% of Bath Savings Trust Co’s investment portfolio, making the stock its 14th largest position. Bath Savings Trust Co’s holdings in Automatic Data Processing were worth $10,712,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its position in shares of Automatic Data Processing by 11.0% during the fourth quarter. Deutsche Bank AG now owns 2,826,444 shares of the business services provider’s stock worth $370,594,000 after buying an additional 280,196 shares during the period. Liberty Wealth Management LLC acquired a new position in Automatic Data Processing during the fourth quarter valued at approximately $484,000. Pinnacle Bank acquired a new position in Automatic Data Processing during the fourth quarter valued at approximately $709,000. Centric Wealth Management acquired a new position in Automatic Data Processing during the fourth quarter valued at approximately $463,000. Finally, MUFG Securities EMEA plc boosted its position in Automatic Data Processing by 362.4% during the fourth quarter. MUFG Securities EMEA plc now owns 355,500 shares of the business services provider’s stock valued at $46,613,000 after purchasing an additional 278,624 shares during the last quarter. Institutional investors own 80.48% of the company’s stock.

Several research analysts recently commented on the company. BidaskClub cut Automatic Data Processing from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. Zacks Investment Research cut Automatic Data Processing from a “buy” rating to a “sell” rating in a research report on Wednesday, January 2nd. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Automatic Data Processing presently has an average rating of “Buy” and a consensus target price of $153.43.

ADP opened at $163.50 on Thursday. Automatic Data Processing has a 12-month low of $112.58 and a 12-month high of $165.50. The company has a market capitalization of $71.60 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 2.32 and a beta of 0.96. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, January 30th. The business services provider reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.16. Automatic Data Processing had a return on equity of 51.92% and a net margin of 13.12%. The company had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period last year, the firm posted $1.03 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. As a group, equities research analysts anticipate that Automatic Data Processing will post 5.37 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.93%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 72.64%.

In other news, insider Jan Siegmund sold 36,403 shares of the stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $145.02, for a total transaction of $5,279,163.06. Following the transaction, the insider now owns 86,726 shares in the company, valued at $12,577,004.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Douglas W. Politi sold 6,035 shares of the stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $145.01, for a total value of $875,135.35. Following the transaction, the vice president now owns 28,829 shares in the company, valued at approximately $4,180,493.29. The disclosure for this sale can be found here. In the last quarter, insiders have sold 112,578 shares of company stock worth $17,078,216. 0.33% of the stock is owned by corporate insiders.

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Automatic Data Processing Company Profile

Automatic Data Processing, Inc provides business process outsourcing services worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) outsourcing and technology-based human capital management solutions.

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

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