Automatic Data Processing, Inc. $ADP Position Trimmed by CCLA Investment Management

CCLA Investment Management decreased its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,114 shares of the business services provider’s stock after selling 42 shares during the period. CCLA Investment Management’s holdings in Automatic Data Processing were worth $4,041,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC increased its holdings in shares of Automatic Data Processing by 12.2% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 11,342 shares of the business services provider’s stock valued at $3,513,000 after purchasing an additional 1,229 shares during the period. Solstein Capital LLC acquired a new position in shares of Automatic Data Processing in the 2nd quarter valued at about $28,000. Signature Wealth Management Group increased its holdings in shares of Automatic Data Processing by 2.3% in the 2nd quarter. Signature Wealth Management Group now owns 1,450 shares of the business services provider’s stock valued at $447,000 after purchasing an additional 33 shares during the period. Chilton Capital Management LLC increased its holdings in shares of Automatic Data Processing by 5.4% in the 2nd quarter. Chilton Capital Management LLC now owns 3,733 shares of the business services provider’s stock valued at $1,151,000 after purchasing an additional 191 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Automatic Data Processing by 68.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 326,575 shares of the business services provider’s stock valued at $101,008,000 after purchasing an additional 132,452 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Buying and Selling at Automatic Data Processing

In other news, VP David Foskett sold 1,373 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $407,190.61. Following the transaction, the vice president owned 11,781 shares of the company’s stock, valued at approximately $3,493,891.17. This represents a 10.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Don Mcguire sold 13,599 shares of the stock in a transaction dated 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 transaction, the vice president directly owned 17,684 shares in the company, valued at approximately $5,244,543.88. This represents a 43.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,516 shares of company stock worth $15,632,410 in the last 90 days. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $280.94 on Monday. The stock has a market capitalization of $113.81 billion, a P/E ratio of 28.15, a P/E/G ratio of 2.57 and a beta of 0.82. The business has a 50-day moving average of $293.36 and a two-hundred day moving average of $302.27. Automatic Data Processing, Inc. has a fifty-two week low of $272.62 and a fifty-two week high of $329.93. 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 (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 72.84% and a net margin of 19.84%.The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were issued a dividend of $1.54 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.2%. Automatic Data Processing’s dividend payout ratio is currently 61.72%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ADP shares. UBS Group dropped their target price on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Wells Fargo & Company started coverage on Automatic Data Processing in a research report on Wednesday, October 22nd. They set an “underweight” rating and a $288.00 price objective for the company. BMO Capital Markets upgraded Automatic Data Processing to a “hold” rating and set a $340.00 price target for the company in a report on Thursday, July 10th. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Finally, Stifel Nicolaus lifted their price target on Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $313.17.

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.