Integrity Alliance LLC. Sells 1,723 Shares of Automatic Data Processing, Inc. $ADP

Integrity Alliance LLC. cut its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 69.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 772 shares of the business services provider’s stock after selling 1,723 shares during the period. Integrity Alliance LLC.’s holdings in Automatic Data Processing were worth $238,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management increased its stake in shares of Automatic Data Processing by 2,600.0% in the first quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock worth $25,000 after purchasing an additional 78 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of Automatic Data Processing in the second quarter worth $26,000. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Automatic Data Processing in the second quarter worth $26,000. Solstein Capital LLC purchased a new stake in shares of Automatic Data Processing in the second quarter worth $28,000. Finally, Clarity Asset Management Inc. purchased a new stake in shares of Automatic Data Processing in the first quarter worth $29,000. 80.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Automatic Data Processing news, CEO Maria Black sold 23,605 shares of Automatic Data Processing stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $298.32, for a total value of $7,041,843.60. Following the completion of the transaction, the chief executive officer directly owned 76,161 shares of the company’s stock, valued at $22,720,349.52. This trade represents a 23.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP David Foskett sold 1,373 shares of Automatic Data Processing stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $407,190.61. Following the completion of the transaction, the vice president directly owned 11,781 shares of the company’s stock, valued at $3,493,891.17. The trade was a 10.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 52,516 shares of company stock worth $15,632,410. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research note on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a research note on Wednesday, October 8th. UBS Group reduced their price objective on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. Citigroup began coverage on shares of Automatic Data Processing in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price objective for the company. Finally, Morgan Stanley raised their target price on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $312.67.

Automatic Data Processing Stock Performance

ADP opened at $260.30 on Monday. The stock has a market capitalization of $105.44 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 2.39 and a beta of 0.82. The company has a fifty day moving average of $289.62 and a 200 day moving average of $301.32. Automatic Data Processing, Inc. has a fifty-two week low of $258.19 and a fifty-two week high of $329.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.05. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The business had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period last year, the company posted $2.33 EPS. The business’s revenue was up 7.1% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, sell-side analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed 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 dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, September 12th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 60.81%.

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.