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

S.E.E.D. Planning Group LLC lowered its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 16.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,950 shares of the business services provider’s stock after selling 8,412 shares during the period. Automatic Data Processing comprises about 2.6% of S.E.E.D. Planning Group LLC’s portfolio, making the stock its 15th biggest position. S.E.E.D. Planning Group LLC’s holdings in Automatic Data Processing were worth $11,084,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ADP. MRA Advisory Group bought a new stake in shares of Automatic Data Processing during the third quarter worth about $359,000. Worth Asset Management LLC acquired a new stake in Automatic Data Processing during the 3rd quarter worth approximately $1,046,000. Rosenberg Matthew Hamilton grew its holdings in 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 last quarter. Baker Tilly Wealth Management LLC grew its holdings in Automatic Data Processing by 9.1% during 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 position 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 valued at $362,000 after acquiring an additional 69 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 1.1%

Shares of NASDAQ:ADP traded up $2.85 during trading on Wednesday, reaching $265.21. The stock had a trading volume of 573,253 shares, compared to its average volume of 2,903,976. The firm’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. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $292.80. The stock has a market cap of $105.09 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 2.36 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, July 29th. The business services provider reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.05. The business 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%. Automatic Data Processing’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.26 earnings per share. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. As a group, equities analysts forecast that Automatic Data Processing, Inc. will post 12.26 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently issued reports on ADP. Citigroup raised their price target 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. TD Cowen increased their price objective on Automatic Data Processing from $216.00 to $223.00 and gave the company a “hold” rating in a report on Monday, July 6th. Stifel Nicolaus raised their target price on Automatic Data Processing from $260.00 to $285.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Weiss Ratings raised Automatic Data Processing from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. Finally, UBS Group upped their price target on Automatic Data Processing from $260.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $273.50.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Joseph Desilva sold 631 shares of Automatic Data Processing stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $282.87, for a total value of $178,490.97. Following the completion of the sale, the vice president directly owned 18,824 shares in the company, valued at approximately $5,324,744.88. The trade was a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP David Kwon sold 2,414 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $265.62, for a total value of $641,206.68. Following the transaction, the vice president owned 9,660 shares in the company, valued at $2,565,889.20. The trade was a 19.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 33,773 shares of company stock valued at $9,450,629 over the last 90 days. 0.15% of the stock is owned by company insiders.

Automatic Data Processing Company 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.