Automatic Data Processing, Inc. $ADP Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. trimmed its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 7.3% in the second quarter, Holdings Channel reports. The firm owned 5,094 shares of the business services provider’s stock after selling 403 shares during the quarter. Foster & Motley Inc.’s holdings in Automatic Data Processing were worth $1,571,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Rodgers & Associates LTD raised its stake in Automatic Data Processing by 21.8% during the second quarter. Rodgers & Associates LTD now owns 918 shares of the business services provider’s stock valued at $283,000 after buying an additional 164 shares in the last quarter. Nicholson Wealth Management Group LLC raised its stake in Automatic Data Processing by 1.9% during the second quarter. Nicholson Wealth Management Group LLC now owns 5,756 shares of the business services provider’s stock valued at $1,775,000 after buying an additional 110 shares in the last quarter. Chevy Chase Trust Holdings LLC raised its stake in Automatic Data Processing by 0.3% during the second quarter. Chevy Chase Trust Holdings LLC now owns 231,756 shares of the business services provider’s stock valued at $71,474,000 after buying an additional 685 shares in the last quarter. Arista Wealth Management LLC raised its stake in Automatic Data Processing by 519.1% during the second quarter. Arista Wealth Management LLC now owns 11,776 shares of the business services provider’s stock valued at $3,632,000 after buying an additional 9,874 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in Automatic Data Processing by 2.3% during the second quarter. Stratos Wealth Partners LTD. now owns 58,287 shares of the business services provider’s stock valued at $17,976,000 after buying an additional 1,326 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $281.27 on Friday. Automatic Data Processing, Inc. has a 1-year low of $272.62 and a 1-year high of $329.93. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $113.94 billion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 2.58 and a beta of 0.82. The stock’s fifty day simple moving average is $295.32 and its 200-day simple moving average is $302.30.

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

Automatic Data Processing Dividend Announcement

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

Insider Buying and Selling at Automatic Data Processing

In related news, CEO Maria Black sold 23,605 shares of Automatic Data Processing stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the completion of the sale, the chief executive officer 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Don Mcguire sold 13,599 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $4,033,055.43. Following the completion of the transaction, the vice president owned 17,684 shares in the company, valued at $5,244,543.88. This trade represents a 43.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,516 shares of company stock valued at $15,632,410 in the last ninety days. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ADP has been the topic of several research reports. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Weiss Ratings restated a “buy (b)” rating on shares of Automatic Data Processing in a research note on Wednesday, October 8th. Stifel Nicolaus upped their target price on Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a report on Thursday, July 31st. BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 price target on the stock in a report on Thursday, July 10th. Finally, Morgan Stanley lifted their price target on Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Three analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $316.70.

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.