Riverview Trust Co Has $133,000 Holdings in Automatic Data Processing, Inc. (NASDAQ:ADP)

Riverview Trust Co decreased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 10.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 482 shares of the business services provider’s stock after selling 59 shares during the quarter. Riverview Trust Co’s holdings in Automatic Data Processing were worth $133,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Moss Adams Wealth Advisors LLC bought a new stake in Automatic Data Processing during the 3rd quarter worth approximately $217,000. Precedent Wealth Partners LLC increased its stake in shares of Automatic Data Processing by 20.6% in the third quarter. Precedent Wealth Partners LLC now owns 4,973 shares of the business services provider’s stock valued at $1,376,000 after buying an additional 851 shares in the last quarter. Stratos Investment Management LLC raised its holdings in shares of Automatic Data Processing by 4.0% in the third quarter. Stratos Investment Management LLC now owns 1,671 shares of the business services provider’s stock valued at $463,000 after buying an additional 64 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in Automatic Data Processing by 4.1% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 57,263 shares of the business services provider’s stock worth $15,846,000 after acquiring an additional 2,249 shares during the last quarter. Finally, Aspiriant LLC increased its position in Automatic Data Processing by 98.0% in the 3rd quarter. Aspiriant LLC now owns 2,336 shares of the business services provider’s stock valued at $647,000 after acquiring an additional 1,156 shares in the last quarter. 80.03% of the stock is currently owned by institutional investors.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, Director Carlos A. Rodriguez sold 9,203 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $269.45, for a total transaction of $2,479,748.35. Following the transaction, the director now owns 36,741 shares of the company’s stock, valued at $9,899,862.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Automatic Data Processing news, VP Michael A. Bonarti sold 26,442 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $270.96, for a total transaction of $7,164,724.32. Following the transaction, the vice president now owns 88,426 shares of the company’s stock, valued at $23,959,908.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carlos A. Rodriguez sold 9,203 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $269.45, for a total value of $2,479,748.35. Following the completion of the sale, the director now directly owns 36,741 shares of the company’s stock, valued at approximately $9,899,862.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,817 shares of company stock valued at $15,999,208. 0.26% of the stock is owned by insiders.

Automatic Data Processing Price Performance

ADP stock opened at $292.29 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. The stock has a market cap of $119.63 billion, a PE ratio of 32.62, a price-to-earnings-growth ratio of 3.13 and a beta of 0.79. The stock has a 50-day moving average price of $276.64 and a two-hundred day moving average price of $256.84. Automatic Data Processing, Inc. has a 1 year low of $205.53 and a 1 year high of $294.18.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, July 31st. The business services provider reported $2.09 EPS for the quarter, beating the consensus estimate of $2.06 by $0.03. The firm had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.74 billion. Automatic Data Processing had a return on equity of 89.20% and a net margin of 19.54%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.89 EPS. Equities analysts forecast that Automatic Data Processing, Inc. will post 10.04 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Friday, September 13th. Automatic Data Processing’s payout ratio is 62.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ADP shares. Citigroup upped their target price on shares of Automatic Data Processing from $260.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Barclays increased their price objective on Automatic Data Processing from $282.00 to $310.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $267.00 price target on shares of Automatic Data Processing in a research note on Thursday, August 1st. Bank of America lifted their price objective on Automatic Data Processing from $250.00 to $267.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, StockNews.com downgraded shares of Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $267.83.

About Automatic Data Processing

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.