First Interstate Bank Lowers Holdings in Automatic Data Processing, Inc. $ADP

First Interstate Bank decreased its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,458 shares of the business services provider’s stock after selling 111 shares during the period. First Interstate Bank’s holdings in Automatic Data Processing were worth $1,066,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Activest Wealth Management lifted its holdings in Automatic Data Processing by 2,600.0% during the first quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock worth $25,000 after buying an additional 78 shares during the period. Harbor Asset Planning Inc. purchased a new stake in Automatic Data Processing during the second quarter worth $26,000. Clarity Asset Management Inc. purchased a new stake in Automatic Data Processing during the first quarter worth $29,000. von Borstel & Associates Inc. purchased a new stake in Automatic Data Processing during the first quarter worth $30,000. Finally, Y.D. More Investments Ltd purchased a new stake in Automatic Data Processing during the first quarter worth $35,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of ADP opened at $281.27 on Monday. Automatic Data Processing, Inc. has a 12 month low of $272.62 and a 12 month high of $329.93. The stock has a fifty day moving average price of $295.32 and a 200-day moving average price of $302.28. 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 cap of $113.94 billion, a PE ratio of 28.18, a P/E/G ratio of 2.58 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.03. The firm had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.09 EPS. 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 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. Shareholders of record on Friday, September 12th were paid a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, September 12th. Automatic Data Processing’s dividend payout ratio (DPR) is 61.72%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ADP shares. Morgan Stanley upped their target price on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. BMO Capital Markets upgraded Automatic Data Processing to a “hold” rating and set a $340.00 target price for the company in a report on Thursday, July 10th. Stifel Nicolaus upped their target price on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $316.70.

Insiders Place Their Bets

In other 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 transaction of $407,190.61. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Don Mcguire sold 13,599 shares of the business’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 $4,033,055.43. Following the completion of the sale, the vice president directly owned 17,684 shares in the company, valued at approximately $5,244,543.88. The trade was a 43.47% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,516 shares of company stock worth $15,632,410. 0.20% of the stock is currently owned by insiders.

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.