Chicago Partners Investment Group LLC Reduces Stock Position in Automatic Data Processing, Inc. $ADP

Chicago Partners Investment Group LLC lessened its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,096 shares of the business services provider’s stock after selling 91 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Automatic Data Processing were worth $1,246,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Nuveen LLC bought a new position in shares of Automatic Data Processing in the 1st quarter worth approximately $661,771,000. Mackenzie Financial Corp boosted its holdings in shares of Automatic Data Processing by 128.1% in the first quarter. Mackenzie Financial Corp now owns 1,585,704 shares of the business services provider’s stock worth $484,480,000 after buying an additional 890,440 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Automatic Data Processing by 15.7% in the first quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider’s stock worth $1,348,805,000 after buying an additional 601,400 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Automatic Data Processing by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider’s stock worth $934,647,000 after buying an additional 564,187 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Automatic Data Processing by 110.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 608,997 shares of the business services provider’s stock worth $186,067,000 after buying an additional 319,132 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ADP shares. Morgan Stanley raised their price objective on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. UBS Group dropped their price objective on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Stifel Nicolaus raised their price objective on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. BMO Capital Markets raised shares of Automatic Data Processing to a “hold” rating and set a $340.00 price objective on the stock in a report on Thursday, July 10th. Finally, Dbs Bank raised shares of 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 and nine have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $316.70.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $283.03 on Tuesday. 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 1-year low of $272.62 and a 1-year high of $329.93. The company has a market capitalization of $114.65 billion, a P/E ratio of 28.36, a P/E/G ratio of 2.58 and a beta of 0.82. The firm’s 50 day simple moving average is $294.91 and its two-hundred day simple moving average is $302.26.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.03. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The business 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 firm earned $2.09 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Research analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, September 12th. This represents a $6.16 annualized dividend and a dividend yield of 2.2%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 61.72%.

Insider Activity

In other news, VP Michael A. Bonarti sold 8,728 shares of Automatic Data Processing stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the sale, the vice president owned 80,531 shares in the company, valued at $24,032,866.33. This trade represents a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 in the company, valued at approximately $3,493,891.17. The trade was a 10.44% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have 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 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.