Citizens & Northern Corp lowered its stake in Automatic Data Processing (NYSE:ADP) by 26.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,920 shares of the business services provider’s stock after selling 1,743 shares during the period. Citizens & Northern Corp’s holdings in Automatic Data Processing were worth $504,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Van ECK Associates Corp raised its stake in Automatic Data Processing by 6.2% in the first quarter. Van ECK Associates Corp now owns 7,950 shares of the business services provider’s stock valued at $814,000 after buying an additional 465 shares during the period. Rafferty Asset Management LLC raised its stake in Automatic Data Processing by 9.6% in the first quarter. Rafferty Asset Management LLC now owns 10,939 shares of the business services provider’s stock valued at $1,120,000 after buying an additional 955 shares during the period. ZWJ Investment Counsel Inc. raised its stake in Automatic Data Processing by 1.1% in the first quarter. ZWJ Investment Counsel Inc. now owns 6,517 shares of the business services provider’s stock valued at $667,000 after buying an additional 72 shares during the period. Polen Capital Management LLC raised its stake in Automatic Data Processing by 8.3% in the first quarter. Polen Capital Management LLC now owns 6,250,533 shares of the business services provider’s stock valued at $639,992,000 after buying an additional 479,558 shares during the period. Finally, BB&T Securities LLC raised its stake in Automatic Data Processing by 2.0% in the first quarter. BB&T Securities LLC now owns 111,611 shares of the business services provider’s stock valued at $11,428,000 after buying an additional 2,206 shares during the period.

Automatic Data Processing (ADP) opened at 112.17 on Tuesday. The firm has a market capitalization of $49.84 billion and a PE ratio of 29.14. The stock’s 50 day moving average price is $104.36 and its 200 day moving average price is $102.14. Automatic Data Processing has a one year low of $85.48 and a one year high of $121.77.

Automatic Data Processing (NYSE:ADP) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.02. Automatic Data Processing had a return on equity of 59.56% and a net margin of 17.24%. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same period last year, the business earned $0.69 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect that Automatic Data Processing will post $3.82 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 8th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.03%.

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Several equities research analysts have commented on the company. Argus boosted their price objective on Automatic Data Processing from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Morgan Stanley lowered Automatic Data Processing from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $98.00 to $100.00 in a research note on Thursday, August 3rd. Royal Bank Of Canada boosted their price objective on Automatic Data Processing from $94.00 to $95.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 1st. BidaskClub upgraded Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $108.00 price objective (up from $103.00) on shares of Automatic Data Processing in a research note on Sunday, July 30th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Automatic Data Processing currently has an average rating of “Hold” and an average target price of $104.96.

In other news, CEO Carlos A. Rodriguez sold 36,363 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $110.00, for a total transaction of $3,999,930.00. Following the completion of the transaction, the chief executive officer now directly owns 146,494 shares of the company’s stock, valued at approximately $16,114,340. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Carlos A. Rodriguez sold 49,392 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $100.01, for a total transaction of $4,939,693.92. Following the transaction, the chief executive officer now directly owns 159,403 shares of the company’s stock, valued at $15,941,894.03. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,620 shares of company stock valued at $9,435,757.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services.

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

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