Aull & Monroe Investment Management Corp Reduces Holdings in Automatic Data Processing, Inc. $ADP

Aull & Monroe Investment Management Corp reduced its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 19.2% during the second quarter, HoldingsChannel.com reports. The firm owned 15,654 shares of the business services provider’s stock after selling 3,730 shares during the quarter. Automatic Data Processing makes up about 2.6% of Aull & Monroe Investment Management Corp’s portfolio, making the stock its 7th largest holding. Aull & Monroe Investment Management Corp’s holdings in Automatic Data Processing were worth $4,828,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. First Bancorp Inc ME bought a new position in Automatic Data Processing in the 2nd quarter valued at approximately $330,000. Swmg LLC lifted its position in Automatic Data Processing by 13.6% in the 2nd quarter. Swmg LLC now owns 2,513 shares of the business services provider’s stock valued at $771,000 after acquiring an additional 300 shares in the last quarter. Aspiriant LLC lifted its position in Automatic Data Processing by 378.5% in the 2nd quarter. Aspiriant LLC now owns 5,871 shares of the business services provider’s stock valued at $1,811,000 after acquiring an additional 4,644 shares in the last quarter. Koshinski Asset Management Inc. lifted its position in Automatic Data Processing by 7.5% in the 2nd quarter. Koshinski Asset Management Inc. now owns 8,141 shares of the business services provider’s stock valued at $2,511,000 after acquiring an additional 568 shares in the last quarter. Finally, Hoese & Co LLP bought a new position in Automatic Data Processing in the 2nd quarter valued at approximately $54,000. 80.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Maria Black sold 23,605 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total value of $7,041,843.60. Following the transaction, the chief executive officer directly owned 76,161 shares of the company’s stock, valued at approximately $22,720,349.52. This trade represents a 23.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joseph Desilva sold 4,614 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $1,368,373.98. Following the completion of the transaction, the vice president directly owned 17,536 shares in the company, valued at approximately $5,200,651.52. This represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock worth $15,632,410 in the last quarter. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

ADP has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Automatic Data Processing in a research report on Wednesday, October 8th. Morgan Stanley upped their price objective on Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. UBS Group lowered their price objective 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. BMO Capital Markets upgraded 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. Finally, Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Automatic Data Processing has an average rating of “Hold” and an average target price of $316.70.

Automatic Data Processing Price Performance

NASDAQ ADP opened at $281.27 on Friday. The business’s fifty day moving average price is $295.32 and its 200-day moving average price is $302.30. The stock has a market capitalization of $113.94 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 2.58 and a beta of 0.82. 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 1-year low of $272.62 and a 1-year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.03. The firm had revenue of $5.13 billion for 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 company’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, equities analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

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

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.