Automatic Data Processing, Inc. $ADP Shares Sold by First Merchants Corp

First Merchants Corp decreased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 46,649 shares of the business services provider’s stock after selling 1,829 shares during the period. First Merchants Corp’s holdings in Automatic Data Processing were worth $14,387,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Navera Investment Management Ltd. raised its position in shares of Automatic Data Processing by 1.6% in the 2nd quarter. Navera Investment Management Ltd. now owns 728,122 shares of the business services provider’s stock worth $224,529,000 after buying an additional 11,654 shares during the period. Citizens National Bank Trust Department raised its position in shares of Automatic Data Processing by 1.3% in the 2nd quarter. Citizens National Bank Trust Department now owns 7,680 shares of the business services provider’s stock worth $2,369,000 after buying an additional 97 shares during the period. Abel Hall LLC purchased a new position in shares of Automatic Data Processing in the 2nd quarter worth $230,000. REAP Financial Group LLC raised its position in shares of Automatic Data Processing by 57.4% in the 2nd quarter. REAP Financial Group LLC now owns 159 shares of the business services provider’s stock worth $49,000 after buying an additional 58 shares during the period. Finally, BankPlus Trust Department raised its position in shares of Automatic Data Processing by 5.6% in the 2nd quarter. BankPlus Trust Department now owns 13,369 shares of the business services provider’s stock worth $4,123,000 after buying an additional 713 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ADP. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Automatic Data Processing in a research report on Wednesday. BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 target price on the stock in a research report on Thursday, July 10th. Morgan Stanley increased their target price on 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. UBS Group cut their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. Finally, Mizuho raised their price objective on Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a research report on Friday, June 13th. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $316.70.

Insider Buying and Selling at Automatic Data Processing

In other news, VP Michael A. Bonarti sold 8,728 shares of Automatic Data Processing stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the sale, the vice president directly owned 80,531 shares of the company’s stock, valued at approximately $24,032,866.33. The trade was a 9.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher D’ambrosio sold 597 shares of Automatic Data Processing stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total value of $177,249.30. Following the sale, the vice president directly owned 10,541 shares in the company, valued at approximately $3,129,622.90. The trade was a 5.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,516 shares of company stock valued at $15,632,410. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Trading Down 0.8%

NASDAQ:ADP opened at $290.70 on Thursday. The business’s 50-day moving average is $298.04 and its two-hundred day moving average is $303.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. Automatic Data Processing, Inc. has a 12 month low of $272.62 and a 12 month high of $329.93. The firm has a market capitalization of $117.76 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 2.68 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, beating the consensus estimate 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 company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same period last year, the company posted $2.09 earnings per share. The firm’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. Research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were given a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, September 12th. Automatic Data Processing’s payout ratio is presently 61.72%.

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.