Copeland Capital Management LLC Decreases Stock Position in Automatic Data Processing, Inc. $ADP

Copeland Capital Management LLC trimmed its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.4% during the second quarter, Holdings Channel.com reports. The fund owned 46,006 shares of the business services provider’s stock after selling 175 shares during the period. Copeland Capital Management LLC’s holdings in Automatic Data Processing were worth $14,188,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Automatic Data Processing by 92.1% during the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock worth $2,935,000 after acquiring an additional 4,808 shares during the last quarter. Bison Wealth LLC raised its position in Automatic Data Processing by 22.8% during the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock worth $1,073,000 after acquiring an additional 681 shares during the last quarter. RFG Advisory LLC raised its position in Automatic Data Processing by 10.8% during the first quarter. RFG Advisory LLC now owns 7,666 shares of the business services provider’s stock worth $2,342,000 after acquiring an additional 747 shares during the last quarter. Apella Capital LLC raised its position in Automatic Data Processing by 9.1% during the first quarter. Apella Capital LLC now owns 4,644 shares of the business services provider’s stock worth $1,369,000 after acquiring an additional 389 shares during the last quarter. Finally, Warren Street Wealth Advisors LLC raised its position in Automatic Data Processing by 3.8% during the first quarter. Warren Street Wealth Advisors LLC now owns 1,346 shares of the business services provider’s stock worth $411,000 after acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Down 0.6%

ADP opened at $289.87 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $117.42 billion, a price-to-earnings ratio of 29.05, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82. The business has a 50-day moving average of $299.43 and a two-hundred day moving average of $303.40. Automatic Data Processing, Inc. has a 12 month low of $272.62 and a 12 month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, beating the consensus estimate of $2.23 by $0.03. The company had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, research analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were issued a $1.54 dividend. The ex-dividend date was Friday, September 12th. This represents a $6.16 annualized dividend and a yield of 2.1%. Automatic Data Processing’s payout ratio is 61.72%.

Insider Buying and Selling

In other Automatic Data Processing news, VP Michael A. Bonarti sold 8,728 shares of Automatic Data Processing stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total value of $2,604,697.04. Following the completion of the sale, the vice president owned 80,531 shares in the company, valued at $24,032,866.33. The trade was a 9.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Joseph Desilva sold 4,614 shares of Automatic Data Processing stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $1,368,373.98. Following the completion of the sale, the vice president owned 17,536 shares of the company’s stock, valued at $5,200,651.52. This trade represents a 20.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,516 shares of company stock worth $15,632,410 over the last ninety days. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ADP shares. UBS Group cut their target price on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research report on Wednesday, September 17th. Stifel Nicolaus boosted their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $315.00 target price on shares of Automatic Data Processing in a research note on Thursday, June 5th. Finally, BMO Capital Markets raised shares of Automatic Data Processing to a “hold” rating and set a $340.00 target price for the company in a research note on Thursday, July 10th. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $316.70.

Automatic Data Processing Company 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.