8,412 Automatic Data Processing, Inc. $ADP Shares Sold by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC reduced its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 16.4% in the third quarter, Holdings Channel reports. The fund owned 42,950 shares of the business services provider’s stock after selling 8,412 shares during the quarter. Automatic Data Processing accounts for about 2.6% of S.E.E.D. Planning Group LLC’s portfolio, making the stock its 15th largest position. S.E.E.D. Planning Group LLC’s holdings in Automatic Data Processing were worth $11,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of ADP. MRA Advisory Group bought a new position in Automatic Data Processing during the third quarter valued at $359,000. Worth Asset Management LLC purchased a new position in shares of Automatic Data Processing during the 3rd quarter valued at $1,046,000. Rosenberg Matthew Hamilton grew its stake in shares of Automatic Data Processing by 29.6% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 438 shares of the business services provider’s stock worth $113,000 after acquiring an additional 100 shares during the period. Baker Tilly Wealth Management LLC increased its holdings in Automatic Data Processing by 9.1% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 4,940 shares of the business services provider’s stock worth $1,275,000 after acquiring an additional 411 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC increased its holdings in Automatic Data Processing by 5.2% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 1,403 shares of the business services provider’s stock worth $362,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Price Performance

Automatic Data Processing stock traded up $2.85 during midday trading on Wednesday, reaching $265.21. 573,253 shares of the stock were exchanged, compared to its average volume of 2,903,976. The company’s fifty day moving average is $271.97 and its 200-day moving average is $238.50. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $105.09 billion, a PE ratio of 24.23, a PEG ratio of 2.36 and a beta of 0.83. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $292.80.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported $2.64 EPS for the quarter, beating the consensus estimate of $2.59 by $0.05. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.44 billion. Automatic Data Processing had a net margin of 20.11% and a return on equity of 71.34%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $2.26 EPS. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. On average, sell-side analysts forecast that Automatic Data Processing, Inc. will post 12.26 EPS for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 11th were paid a dividend of $1.70 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $6.80 annualized dividend and a yield of 2.6%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 62.16%.

Insiders Place Their Bets

In other news, VP Joseph Desilva sold 631 shares of Automatic Data Processing stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $282.87, for a total transaction of $178,490.97. Following the completion of the sale, the vice president owned 18,824 shares in the company, valued at approximately $5,324,744.88. This trade represents a 3.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Maria Black sold 29,810 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $280.91, for a total value of $8,373,927.10. Following the transaction, the chief executive officer directly owned 80,624 shares of the company’s stock, valued at $22,648,087.84. The trade was a 26.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 33,773 shares of company stock valued at $9,450,629 in the last ninety days. Corporate insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ADP. Morgan Stanley upped their price objective on shares of Automatic Data Processing from $240.00 to $286.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Citigroup lifted their price objective on shares of Automatic Data Processing from $230.00 to $287.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Weiss Ratings raised shares of Automatic Data Processing from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. UBS Group raised their price target on Automatic Data Processing from $260.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Finally, Guggenheim lifted their price target on Automatic Data Processing from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $273.50.

Automatic Data Processing Profile

Automatic Data Processing, Inc (NASDAQ: ADP) is a provider of human capital management and business outsourcing solutions. The company helps organizations manage payroll, tax withholding and compliance, employee benefits, time and attendance, workforce management, talent acquisition, and human resources administration.

ADP offers cloud-based platforms and related services designed for businesses of different sizes, from small companies to large multinational employers. Its offerings include payroll and HR software, workforce analytics, talent management tools, retirement and insurance-related administration, and professional employer organization services through ADP TotalSource.