Brady Family Wealth LLC Sells 341 Shares of Automatic Data Processing, Inc. $ADP

Brady Family Wealth LLC reduced its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,017 shares of the business services provider’s stock after selling 341 shares during the quarter. Automatic Data Processing comprises about 1.6% of Brady Family Wealth LLC’s portfolio, making the stock its 20th biggest position. Brady Family Wealth LLC’s holdings in Automatic Data Processing were worth $5,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Global Financial Private Client LLC boosted its position in Automatic Data Processing by 1.8% in the 2nd quarter. Global Financial Private Client LLC now owns 4,660 shares of the business services provider’s stock valued at $1,437,000 after buying an additional 84 shares during the last quarter. ARS Wealth Advisors Group LLC bought a new position in Automatic Data Processing in the second quarter valued at about $282,000. Contravisory Investment Management Inc. boosted its holdings in Automatic Data Processing by 6.9% in the second quarter. Contravisory Investment Management Inc. now owns 25,902 shares of the business services provider’s stock valued at $7,988,000 after acquiring an additional 1,683 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its holdings in Automatic Data Processing by 2,400.0% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 273,079 shares of the business services provider’s stock valued at $84,218,000 after acquiring an additional 262,156 shares during the last quarter. Finally, Fulton Bank N.A. boosted its holdings in Automatic Data Processing by 5.8% in the second quarter. Fulton Bank N.A. now owns 2,446 shares of the business services provider’s stock valued at $754,000 after acquiring an additional 133 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ADP shares. Morgan Stanley raised their target price on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Stifel Nicolaus raised their price objective on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. BMO Capital Markets raised shares of Automatic Data Processing to a “hold” rating and set a $340.00 price objective on the stock in a research note on Thursday, July 10th. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Finally, UBS Group reduced 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. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $314.73.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP David Foskett sold 1,373 shares of Automatic Data Processing stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $407,190.61. Following the transaction, the vice president 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Maria Black sold 23,605 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were 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 directly owned 76,161 shares in the company, valued at $22,720,349.52. This represents a 23.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,516 shares of company stock worth $15,632,410 over the last three months. Company insiders own 0.21% of the company’s stock.

Automatic Data Processing Trading Up 0.8%

Shares of NASDAQ ADP opened at $290.95 on Friday. The company’s fifty day moving average is $301.59 and its 200-day moving average is $304.00. The stock has a market cap of $117.85 billion, a price-to-earnings ratio of 29.15, a P/E/G ratio of 2.64 and a beta of 0.82. Automatic Data Processing, Inc. has a twelve month low of $272.18 and a twelve month high of $329.93. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.03. The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates 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 for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be issued a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, September 12th. Automatic Data Processing’s payout ratio is 61.72%.

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.