Security National Bank of Sioux City Iowa IA Has $2.79 Million Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

Security National Bank of Sioux City Iowa IA trimmed its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,525 shares of the business services provider’s stock after selling 124 shares during the period. Automatic Data Processing comprises about 2.0% of Security National Bank of Sioux City Iowa IA’s investment portfolio, making the stock its 11th largest position. Security National Bank of Sioux City Iowa IA’s holdings in Automatic Data Processing were worth $2,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Littlejohn Financial Services Inc. bought a new position in shares of Automatic Data Processing in the fourth quarter worth about $708,000. Relyea Zuckerberg Hanson LLC boosted its position in shares of Automatic Data Processing by 121.7% during the fourth 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 in the last quarter. Beaumont Financial Advisors LLC grew its position in shares of Automatic Data Processing by 46.8% in the 4th quarter. Beaumont Financial Advisors LLC now owns 3,239 shares of the business services provider’s stock valued at $948,000 after purchasing an additional 1,032 shares during the period. Burney Co. lifted its position in Automatic Data Processing by 25.8% in the 4th quarter. Burney Co. now owns 11,605 shares of the business services provider’s stock valued at $3,397,000 after acquiring an additional 2,377 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its stake in Automatic Data Processing by 33.3% in the 4th quarter. Perigon Wealth Management LLC now owns 30,926 shares of the business services provider’s stock valued at $9,161,000 after acquiring an additional 7,734 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ADP shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, May 1st. Barclays lifted their price objective on shares of Automatic Data Processing from $325.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. UBS Group raised their price target on Automatic Data Processing from $318.00 to $324.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 4th. Jefferies Financial Group boosted their price objective on shares of Automatic Data Processing from $290.00 to $305.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Finally, Stifel Nicolaus increased their target price on shares of Automatic Data Processing to $305.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Automatic Data Processing presently has an average rating of “Hold” and an average price target of $303.55.

Automatic Data Processing Stock Up 2.1%

Shares of ADP opened at $315.85 on Friday. Automatic Data Processing, Inc. has a 12 month low of $231.27 and a 12 month high of $322.84. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $128.21 billion, a PE ratio of 32.94, a PEG ratio of 3.62 and a beta of 0.76. The stock’s 50-day moving average price is $297.75 and its two-hundred day moving average price is $299.79.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, April 30th. The business services provider reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.09. The firm had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.49 billion. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.88 earnings per share. On average, analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a dividend of $1.54 per share. The ex-dividend date is Friday, June 13th. This represents a $6.16 dividend on an annualized basis and a yield of 1.95%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 63.05%.

Insider Transactions at Automatic Data Processing

In other news, VP Brian L. Michaud sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $305.38, for a total value of $458,070.00. Following the completion of the transaction, the vice president now directly owns 12,073 shares in the company, valued at approximately $3,686,852.74. This trade represents a 11.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher D’ambrosio sold 478 shares of the company’s stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $293.14, for a total transaction of $140,120.92. Following the completion of the transaction, the vice president now directly owns 7,364 shares in the company, valued at approximately $2,158,682.96. The trade was a 6.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,451 shares of company stock worth $743,024 in the last quarter. 0.21% of the stock is currently owned by corporate insiders.

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.