Shelton Capital Management Sells 861 Shares of Automatic Data Processing, Inc. $ADP

Shelton Capital Management lowered its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 58,385 shares of the business services provider’s stock after selling 861 shares during the period. Shelton Capital Management’s holdings in Automatic Data Processing were worth $18,006,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ADP. Activest Wealth Management grew its position in Automatic Data Processing by 2,600.0% in the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock worth $25,000 after purchasing an additional 78 shares during the period. Harbor Asset Planning Inc. bought a new position in shares of Automatic Data Processing during the 2nd quarter valued at $26,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Automatic Data Processing in the second quarter worth $26,000. Solstein Capital LLC purchased a new stake in Automatic Data Processing during the second quarter valued at $28,000. Finally, Westside Investment Management Inc. lifted its holdings 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 period. Institutional investors own 80.03% of the company’s stock.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP Don Mcguire sold 13,599 shares of the 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 transaction, the vice president owned 17,684 shares in the company, valued at $5,244,543.88. This trade represents a 43.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Michael A. Bonarti sold 8,728 shares of Automatic Data Processing stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the completion of the transaction, the vice president directly owned 80,531 shares of the company’s stock, valued at $24,032,866.33. The trade was a 9.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,516 shares of company stock valued at $15,632,410 over the last quarter. 0.20% of the stock is currently owned by insiders.

Automatic Data Processing Stock Performance

ADP opened at $255.50 on Monday. 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 stock has a market capitalization of $103.34 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 2.39 and a beta of 0.86. The company has a fifty day moving average of $272.19 and a 200 day moving average of $294.89. Automatic Data Processing, Inc. has a fifty-two week low of $247.18 and a fifty-two week high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.05. The firm had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.14 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.33 earnings per share. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be given a $1.70 dividend. This is a boost from Automatic Data Processing’s previous quarterly dividend of $1.54. This represents a $6.80 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, December 12th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 67.13%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. 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. Weiss Ratings restated a “buy (b-)” rating on shares of Automatic Data Processing in a research report on Tuesday, November 25th. Finally, Citigroup started coverage on shares of Automatic Data Processing in a report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.