Louisiana State Employees Retirement System Sells 500 Shares of Automatic Data Processing, Inc. $ADP

Louisiana State Employees Retirement System trimmed its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,100 shares of the business services provider’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Automatic Data Processing were worth $15,759,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management increased its position in Automatic Data Processing by 2,600.0% in the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock valued at $25,000 after buying an additional 78 shares in the last quarter. Clarity Asset Management Inc. bought a new stake in Automatic Data Processing in the 1st quarter valued at about $29,000. von Borstel & Associates Inc. bought a new stake in Automatic Data Processing during the 1st quarter worth approximately $30,000. Y.D. More Investments Ltd bought a new stake in Automatic Data Processing during the 1st quarter worth approximately $35,000. Finally, Abound Wealth Management increased its holdings in Automatic Data Processing by 58.1% during the 1st quarter. Abound Wealth Management now owns 117 shares of the business services provider’s stock worth $36,000 after purchasing an additional 43 shares in the last quarter. 80.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Maria Black sold 23,605 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total value of $7,041,843.60. Following the transaction, the chief executive officer owned 76,161 shares in the company, valued at approximately $22,720,349.52. This 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 this link. Also, VP Joseph Desilva sold 4,614 shares of the company’s 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 $1,368,373.98. Following the completion of the transaction, the vice president owned 17,536 shares in the company, valued at approximately $5,200,651.52. The trade was a 20.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,516 shares of company stock valued at $15,632,410 in the last quarter. 0.20% of the stock is currently owned by company insiders.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $292.94 on Wednesday. Automatic Data Processing, Inc. has a twelve month low of $272.62 and a twelve month high of $329.93. The stock’s 50 day moving average price is $298.44 and its 200-day moving average price is $303.34. The company has a market capitalization of $118.67 billion, a PE ratio of 29.35, a PEG ratio of 2.66 and a beta of 0.82. 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 announced its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, topping 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 firm 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 business earned $2.09 EPS. The company’s revenue 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, equities analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were paid a $1.54 dividend. The ex-dividend date was Friday, September 12th. This represents a $6.16 annualized dividend and a yield of 2.1%. Automatic Data Processing’s dividend payout ratio is presently 61.72%.

Analyst Ratings Changes

A number of analysts have commented on ADP shares. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a report on Saturday, September 27th. BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 price objective for the company in a report on Thursday, July 10th. UBS Group decreased their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. Dbs Bank raised Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Finally, Stifel Nicolaus boosted their price objective on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Automatic Data Processing currently has a consensus rating of “Hold” and a consensus target price of $316.70.

Automatic Data Processing 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.