Intrua Financial LLC Sells 177 Shares of Automatic Data Processing, Inc. $ADP

Intrua Financial LLC cut its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 10.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,461 shares of the business services provider’s stock after selling 177 shares during the period. Intrua Financial LLC’s holdings in Automatic Data Processing were worth $446,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Jacobi Capital Management LLC raised its stake in shares of Automatic Data Processing by 4.9% in the first quarter. Jacobi Capital Management LLC now owns 6,200 shares of the business services provider’s stock worth $1,894,000 after acquiring an additional 292 shares during the last quarter. Carderock Capital Management Inc. raised its stake in shares of Automatic Data Processing by 0.8% in the first quarter. Carderock Capital Management Inc. now owns 31,630 shares of the business services provider’s stock worth $9,664,000 after acquiring an additional 256 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Automatic Data Processing by 5.0% in the first quarter. Geneos Wealth Management Inc. now owns 12,034 shares of the business services provider’s stock worth $3,677,000 after acquiring an additional 574 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Automatic Data Processing by 3.8% in the first quarter. Focus Partners Wealth now owns 123,682 shares of the business services provider’s stock worth $37,765,000 after acquiring an additional 4,529 shares during the last quarter. Finally, Integrity Alliance LLC. bought a new position in shares of Automatic Data Processing in the first quarter worth about $762,000. 80.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ADP shares. Stifel Nicolaus boosted their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $315.00 target price on shares of Automatic Data Processing in a research note on Thursday, June 5th. TD Securities boosted their target price on shares of Automatic Data Processing from $298.00 to $321.00 and gave the stock a “hold” rating in a research note on Wednesday, May 21st. UBS Group dropped their target price on shares of Automatic Data Processing from $323.00 to $315.00 and set a “neutral” rating for the company in a research note on Friday, June 13th. Finally, Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and an average price target of $317.00.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Michael A. Bonarti sold 8,728 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total value of $2,604,697.04. Following the completion of the sale, the vice president owned 80,531 shares of the company’s stock, valued at approximately $24,032,866.33. This represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher D’ambrosio sold 597 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total transaction of $177,249.30. Following the completion of the sale, the vice president directly owned 10,541 shares of the company’s stock, valued at $3,129,622.90. The trade was a 5.36% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,516 shares of company stock valued at $15,632,410. Corporate insiders own 0.21% of the company’s stock.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $298.03 on Friday. 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 firm has a market capitalization of $120.71 billion, a P/E ratio of 29.86, a PEG ratio of 2.68 and a beta of 0.82. The business has a 50-day moving average of $303.31 and a 200-day moving average of $304.81. Automatic Data Processing, Inc. has a 1 year low of $272.18 and a 1 year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data 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 business had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. Automatic Data Processing’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, equities analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be paid a $1.54 dividend. This represents a $6.16 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, September 12th. Automatic Data Processing’s dividend payout ratio is presently 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.