Metis Global Partners LLC Decreases Holdings in Automatic Data Processing, Inc. $ADP

Metis Global Partners LLC lowered its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 6.2% in the second quarter, Holdings Channel reports. The firm owned 22,028 shares of the business services provider’s stock after selling 1,450 shares during the period. Metis Global Partners LLC’s holdings in Automatic Data Processing were worth $6,793,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Wedbush Securities Inc. increased its stake in Automatic Data Processing by 2.1% during the 2nd quarter. Wedbush Securities Inc. now owns 7,698 shares of the business services provider’s stock worth $2,374,000 after buying an additional 160 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its holdings in shares of Automatic Data Processing by 8.6% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 12,160 shares of the business services provider’s stock worth $3,750,000 after acquiring an additional 959 shares during the period. Bryn Mawr Trust Advisors LLC raised its holdings in shares of Automatic Data Processing by 2.6% during the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 3,814 shares of the business services provider’s stock worth $1,176,000 after acquiring an additional 95 shares during the period. Atlas Legacy Advisors LLC boosted its position in shares of Automatic Data Processing by 24.4% during the 2nd quarter. Atlas Legacy Advisors LLC now owns 2,425 shares of the business services provider’s stock valued at $748,000 after acquiring an additional 475 shares during the last quarter. Finally, Savant Capital LLC grew its holdings in shares of Automatic Data Processing by 7.0% in the second quarter. Savant Capital LLC now owns 19,981 shares of the business services provider’s stock valued at $6,162,000 after purchasing an additional 1,310 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ADP. Citigroup began coverage on shares of Automatic Data Processing in a research note on Thursday, October 23rd. They set a “neutral” rating and a $303.00 target price on the stock. JPMorgan Chase & Co. cut their price target on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Morgan Stanley lifted their price target on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Automatic Data Processing in a research report on Wednesday, October 8th. Finally, UBS Group decreased their price target 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. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Automatic Data Processing presently has an average rating of “Hold” and an average target price of $312.67.

Automatic Data Processing Trading Up 0.7%

NASDAQ ADP opened at $254.16 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $102.79 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 2.39 and a beta of 0.86. The firm has a 50 day simple moving average of $284.90 and a 200-day simple moving average of $299.99. Automatic Data Processing, Inc. has a one year low of $249.68 and a one year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $5.14 billion. During the same period in the prior year, the firm earned $2.33 EPS. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Insider Transactions at Automatic Data Processing

In related news, VP Joseph Desilva sold 4,614 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $1,368,373.98. Following the completion of the transaction, the vice president directly owned 17,536 shares of the company’s stock, valued at $5,200,651.52. The trade was a 20.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David Foskett sold 1,373 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 $407,190.61. Following the completion of the sale, the vice president directly owned 11,781 shares in the company, valued at $3,493,891.17. This represents a 10.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 52,516 shares of company stock valued at $15,632,410 in the last 90 days. 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.