Automatic Data Processing, Inc. $ADP Stake Lowered by Greenland Capital Management LP

Greenland Capital Management LP decreased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 90.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,191 shares of the business services provider’s stock after selling 38,572 shares during the period. Greenland Capital Management LP’s holdings in Automatic Data Processing were worth $1,293,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Jacobsen Capital Management lifted its holdings in shares of Automatic Data Processing by 3.8% during the 2nd quarter. Jacobsen Capital Management now owns 907 shares of the business services provider’s stock valued at $280,000 after buying an additional 33 shares during the last quarter. Signature Wealth Management Group raised its position in Automatic Data Processing by 2.3% during the second quarter. Signature Wealth Management Group now owns 1,450 shares of the business services provider’s stock valued at $447,000 after acquiring an additional 33 shares in the last quarter. Bangor Savings Bank increased its stake in shares of Automatic Data Processing by 0.7% during the 2nd quarter. Bangor Savings Bank now owns 4,907 shares of the business services provider’s stock worth $1,513,000 after purchasing an additional 34 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of Automatic Data Processing by 2.1% in the 2nd quarter. Ameritas Advisory Services LLC now owns 1,629 shares of the business services provider’s stock valued at $502,000 after purchasing an additional 34 shares during the last quarter. Finally, Syntegra Private Wealth Group LLC lifted its stake in shares of Automatic Data Processing by 4.7% in the 1st quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider’s stock valued at $238,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Up 0.3%

ADP opened at $250.41 on Thursday. The firm has a market cap of $101.28 billion, a price-to-earnings ratio of 24.72, 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. The firm’s 50-day simple moving average is $277.59 and its 200-day simple moving average is $297.59. Automatic Data Processing, Inc. has a twelve month low of $247.18 and a twelve month high of $329.93.

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

Automatic Data Processing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be given a dividend of $1.70 per share. This is a boost from Automatic Data Processing’s previous quarterly dividend of $1.54. The ex-dividend date is Friday, December 12th. This represents a $6.80 dividend on an annualized basis and a yield of 2.7%. Automatic Data Processing’s dividend payout ratio is currently 67.13%.

Wall Street Analysts Forecast Growth

ADP has been the subject of several recent analyst reports. Citigroup initiated coverage on shares of Automatic Data Processing in a report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price objective for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Automatic Data Processing in a research note on Thursday, November 13th. Stifel Nicolaus boosted their price objective on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. Wells Fargo & Company lowered their target price on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. Finally, Dbs Bank raised Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Automatic Data Processing has a consensus rating of “Hold” and an average target price of $312.67.

Insider Buying and Selling at Automatic Data Processing

In related news, VP David Foskett sold 1,373 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 transaction of $407,190.61. Following the completion of the sale, the vice president directly owned 11,781 shares of the company’s stock, valued at $3,493,891.17. This trade represents a 10.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Christopher D’ambrosio sold 597 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total value of $177,249.30. Following the completion of the transaction, the vice president directly owned 10,541 shares in the company, valued at approximately $3,129,622.90. This represents a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 52,516 shares of company stock worth $15,632,410 over the last 90 days. Company insiders own 0.20% of the company’s stock.

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.