Automatic Data Processing, Inc. $ADP Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC reduced its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 384,794 shares of the business services provider’s stock after selling 21,773 shares during the quarter. Automatic Data Processing accounts for 1.7% of Sterling Capital Management LLC’s holdings, making the stock its 9th biggest holding. Sterling Capital Management LLC’s holdings in Automatic Data Processing were worth $118,670,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of ADP. Activest Wealth Management grew its stake 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 in the last quarter. Harbor Asset Planning Inc. acquired a new position in shares of Automatic Data Processing in the 2nd quarter valued at approximately $26,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Automatic Data Processing during the 2nd quarter worth approximately $26,000. Solstein Capital LLC acquired a new stake in shares of Automatic Data Processing during the 2nd quarter worth approximately $28,000. Finally, Westside Investment Management Inc. increased its stake in Automatic Data Processing by 80.0% in the second quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 40 shares during the last quarter. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

Automatic Data Processing stock opened at $252.36 on Friday. The business has a 50 day moving average of $285.89 and a 200-day moving average of $300.20. The company has a market capitalization of $102.07 billion, a P/E ratio of 24.91, a P/E/G ratio of 2.39 and a beta of 0.86. Automatic Data Processing, Inc. has a 1 year low of $249.68 and a 1 year high of $329.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share 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 firm had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period in the previous year, the firm posted $2.33 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. 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 earnings per share for the current year.

Insider Transactions at Automatic Data Processing

In other news, VP Christopher D’ambrosio sold 597 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total value of $177,249.30. Following the transaction, the vice president owned 10,541 shares in the company, valued at approximately $3,129,622.90. The trade was a 5.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Don Mcguire sold 13,599 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction 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. This represents a 43.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 52,516 shares of company stock worth $15,632,410. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ADP shares. BMO Capital Markets upgraded Automatic Data Processing to a “hold” rating and set a $340.00 target price for the company in a research note on Thursday, July 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. UBS Group reduced their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. Stifel Nicolaus boosted their target price on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Finally, Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $312.67.

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.