Yousif Capital Management LLC Reduces Stock Position in Automatic Data Processing, Inc. $ADP

Yousif Capital Management LLC cut its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 80,376 shares of the business services provider’s stock after selling 2,237 shares during the quarter. Yousif Capital Management LLC’s holdings in Automatic Data Processing were worth $24,788,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Automatic Data Processing in the 1st quarter worth approximately $661,771,000. Mackenzie Financial Corp raised its position in shares of Automatic Data Processing by 128.1% during the 1st quarter. Mackenzie Financial Corp now owns 1,585,704 shares of the business services provider’s stock valued at $484,480,000 after acquiring an additional 890,440 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Automatic Data Processing by 15.7% during the 1st quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider’s stock valued at $1,348,805,000 after acquiring an additional 601,400 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Automatic Data Processing by 22.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider’s stock valued at $934,647,000 after acquiring an additional 564,187 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Automatic Data Processing by 110.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 608,997 shares of the business services provider’s stock valued at $186,067,000 after acquiring an additional 319,132 shares in the last quarter. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Michael A. Bonarti sold 8,728 shares of the stock in a transaction on 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 transaction, the vice president owned 80,531 shares of the company’s stock, valued at approximately $24,032,866.33. This represents a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP David Foskett sold 1,373 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $407,190.61. Following the completion of the transaction, the vice president directly owned 11,781 shares of the company’s stock, valued at approximately $3,493,891.17. The trade was a 10.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock worth $15,632,410 over the last 90 days. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ADP. Stifel Nicolaus upped their price target on Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research report on Thursday, July 31st. UBS Group dropped their price target on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. Dbs Bank raised Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a research report on Wednesday, October 8th. Finally, BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 price target on the stock in a research report on Thursday, July 10th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Automatic Data Processing presently has an average rating of “Hold” and a consensus price target of $316.70.

Automatic Data Processing Price Performance

Shares of ADP opened at $285.19 on Monday. The company has a market cap of $115.53 billion, a P/E ratio of 28.58, a PEG ratio of 2.61 and a beta of 0.82. The stock has a fifty day moving average price of $297.26 and a 200 day moving average price of $303.05. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. 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 issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.03. The firm had revenue of $5.13 billion during the quarter, compared to the consensus estimate 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 period in the prior 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 forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were paid a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, September 12th. Automatic Data Processing’s dividend payout ratio is presently 61.72%.

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.