Automatic Data Processing, Inc. $ADP Shares Sold by Investment Partners LTD.

Investment Partners LTD. reduced its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 4.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,094 shares of the business services provider’s stock after selling 311 shares during the period. Investment Partners LTD.’s holdings in Automatic Data Processing were worth $2,188,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ADP. ABN Amro Investment Solutions acquired a new position in shares of Automatic Data Processing in the 2nd quarter worth approximately $2,943,000. Candriam S.C.A. lifted its stake in Automatic Data Processing by 3.2% during the second quarter. Candriam S.C.A. now owns 202,602 shares of the business services provider’s stock worth $62,485,000 after purchasing an additional 6,321 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in shares of Automatic Data Processing by 3.3% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 61,862 shares of the business services provider’s stock worth $19,078,000 after buying an additional 1,995 shares during the period. Bailard Inc. raised its holdings in shares of Automatic Data Processing by 53.7% in the 2nd quarter. Bailard Inc. now owns 17,647 shares of the business services provider’s stock valued at $5,442,000 after buying an additional 6,167 shares during the period. Finally, Renasant Bank acquired a new position in Automatic Data Processing during the 2nd quarter worth about $205,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Don Mcguire sold 13,599 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $4,033,055.43. Following the sale, the vice president directly owned 17,684 shares in the company, valued at approximately $5,244,543.88. The trade was a 43.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Maria Black sold 23,605 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the completion of the sale, the chief executive officer owned 76,161 shares in the company, valued at $22,720,349.52. This represents a 23.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 52,516 shares of company stock valued at $15,632,410. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on ADP shares. Morgan Stanley raised their price objective on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. Wells Fargo & Company decreased their price objective on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. JPMorgan Chase & Co. decreased their price target on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Finally, Stifel Nicolaus lifted their price objective on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Automatic Data Processing presently has an average rating of “Hold” and an average price target of $312.67.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $252.43 on Thursday. The firm has a market cap of $102.09 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 2.39 and a beta of 0.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.05. Automatic Data Processing, Inc. has a 1 year low of $249.68 and a 1 year high of $329.93. The stock’s 50-day moving average is $282.12 and its two-hundred day moving average is $299.22.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.05. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period last year, the firm posted $2.33 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 12th will be issued a $1.70 dividend. The ex-dividend date of this dividend is Friday, December 12th. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $1.54. This represents a $6.80 annualized dividend and a dividend yield of 2.7%. Automatic Data Processing’s payout ratio is presently 60.81%.

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.