Investment Partners LTD. Trims Position in Automatic Data Processing, Inc. $ADP

Investment Partners LTD. cut its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 4.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,094 shares of the business services provider’s stock after selling 311 shares during the period. Investment Partners LTD.’s holdings in Automatic Data Processing were worth $2,188,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ADP. AlphaCore Capital LLC purchased a new position in Automatic Data Processing during the 1st quarter valued at $688,000. Advisory Alpha LLC increased its stake in Automatic Data Processing by 130.2% in the 1st quarter. Advisory Alpha LLC now owns 4,416 shares of the business services provider’s stock worth $1,349,000 after buying an additional 2,498 shares during the period. Meiji Yasuda Life Insurance Co lifted its holdings in Automatic Data Processing by 4.4% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 32,478 shares of the business services provider’s stock valued at $9,923,000 after buying an additional 1,375 shares in the last quarter. MGO One Seven LLC boosted its position in Automatic Data Processing by 18.3% in the 2nd quarter. MGO One Seven LLC now owns 13,578 shares of the business services provider’s stock valued at $4,187,000 after buying an additional 2,105 shares during the period. Finally, Morningstar Investment Management LLC purchased a new stake in Automatic Data Processing in the 2nd quarter valued at about $1,795,000. 80.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. UBS Group reduced their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Citigroup began coverage on shares of Automatic Data Processing in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price objective for the company. Wells Fargo & Company cut their target price on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Morgan Stanley upped their price target on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Finally, Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a 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 company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $312.67.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Joseph Desilva sold 4,614 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president directly owned 17,536 shares of the company’s stock, valued at approximately $5,200,651.52. This trade represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Don Mcguire sold 13,599 shares of the 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 $4,033,055.43. Following 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 is available in the SEC filing. Over the last 90 days, insiders sold 52,516 shares of company stock worth $15,632,410. 0.20% of the stock is currently owned by company insiders.

Automatic Data Processing Stock Down 0.8%

NASDAQ:ADP opened at $252.43 on Thursday. The company’s 50 day moving average is $282.12 and its two-hundred day moving average is $299.22. The company has a market cap of $102.09 billion, a PE ratio of 24.92, a P/E/G ratio of 2.39 and a beta of 0.86. Automatic Data Processing, Inc. has a twelve month low of $249.68 and a twelve month 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 0.62.

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

Automatic Data Processing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 12th will be given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from Automatic Data Processing’s previous quarterly dividend of $1.54. The ex-dividend date is Friday, December 12th. Automatic Data Processing’s payout ratio is currently 60.81%.

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.