Town & Country Bank & Trust CO dba First Bankers Trust CO Has $3.37 Million Holdings in Automatic Data Processing, Inc. $ADP

Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 38.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,099 shares of the business services provider’s stock after purchasing an additional 3,662 shares during the period. Automatic Data Processing accounts for about 1.1% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s investment portfolio, making the stock its 22nd largest position. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Automatic Data Processing were worth $3,369,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Imprint Wealth LLC bought a new position in Automatic Data Processing during the third quarter valued at approximately $25,000. Howard Hughes Medical Institute acquired a new stake in Automatic Data Processing in the second quarter valued at approximately $27,000. TruNorth Capital Management LLC bought a new stake in Automatic Data Processing in the third quarter worth approximately $28,000. Cloud Capital Management LLC acquired a new position in shares of Automatic Data Processing during the 3rd quarter worth $29,000. Finally, Y.D. More Investments Ltd acquired a new position in shares of Automatic Data Processing during the 3rd quarter worth $32,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the sale, the vice president owned 8,912 shares of the company’s stock, valued at approximately $1,857,706.40. This trade represents a 5.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David Kwon sold 806 shares of Automatic Data Processing stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $264.80, for a total transaction of $213,428.80. Following the transaction, the vice president directly owned 11,187 shares of the company’s stock, valued at $2,962,317.60. This represents a 6.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,058 shares of company stock valued at $1,000,263 over the last ninety days. 0.20% of the stock is owned by insiders.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $204.01 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.03. Automatic Data Processing, Inc. has a fifty-two week low of $197.08 and a fifty-two week high of $329.93. The firm has a fifty day moving average price of $218.31 and a two-hundred day moving average price of $250.26. The firm has a market cap of $82.14 billion, a price-to-earnings ratio of 19.62 and a beta of 0.85.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.05. Automatic Data Processing had a return on equity of 68.44% and a net margin of 19.96%.The business had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same period in the previous year, the company posted $2.35 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. As a group, analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing declared that its board has initiated a share repurchase plan on Wednesday, January 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the business services provider to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were issued a dividend of $1.70 per share. The ex-dividend date was Friday, March 13th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.3%. Automatic Data Processing’s payout ratio is 65.38%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating for the company in a research note on Friday, March 27th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $230.00 price target (down from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. JPMorgan Chase & Co. lowered their price objective on Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating on the stock in a report on Thursday, January 29th. Cantor Fitzgerald initiated coverage on Automatic Data Processing in a research note on Tuesday, January 27th. They issued an “overweight” rating and a $306.00 price objective on the stock. Finally, Citigroup reduced their target price on Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $284.77.

About Automatic Data Processing

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.