Automatic Data Processing, Inc. $ADP Shares Sold by Choreo LLC

Choreo LLC reduced its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.3% during the third quarter, Holdings Channel reports. The fund owned 55,651 shares of the business services provider’s stock after selling 1,917 shares during the period. Choreo LLC’s holdings in Automatic Data Processing were worth $14,457,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sage Rhino Capital LLC bought a new stake in Automatic Data Processing in the third quarter worth $207,000. Financial Network Wealth Advisors LLC boosted its position in Automatic Data Processing by 21.3% during the third quarter. Financial Network Wealth Advisors LLC now owns 461 shares of the business services provider’s stock valued at $119,000 after buying an additional 81 shares during the period. China Universal Asset Management Co. Ltd. boosted its position in Automatic Data Processing by 11.2% during the third quarter. China Universal Asset Management Co. Ltd. now owns 13,387 shares of the business services provider’s stock valued at $3,525,000 after buying an additional 1,351 shares during the period. DecisionPoint Financial LLC boosted its position in Automatic Data Processing by 5,133.3% during the third quarter. DecisionPoint Financial LLC now owns 157 shares of the business services provider’s stock valued at $41,000 after buying an additional 154 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. grew its stake in shares of Automatic Data Processing by 3.7% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,599 shares of the business services provider’s stock valued at $413,000 after buying an additional 57 shares during the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADP has been the topic of several analyst reports. Citigroup lifted their price objective on Automatic Data Processing from $287.00 to $295.00 and gave the stock a “neutral” rating in a report on Thursday. Weiss Ratings raised Automatic Data Processing from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 22nd. UBS Group increased their target price on Automatic Data Processing from $260.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Morgan Stanley raised their price target on Automatic Data Processing from $286.00 to $288.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $290.00 price target on shares of Automatic Data Processing in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $283.27.

Insider Activity

In other news, CEO Maria Black sold 29,810 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $280.91, for a total transaction of $8,373,927.10. Following the completion of the sale, the chief executive officer directly owned 80,624 shares in the company, valued at approximately $22,648,087.84. This represents a 26.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Brian Michaud sold 120 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $279.70, for a total value of $33,564.00. Following the completion of the sale, the vice president directly owned 18,442 shares in the company, valued at $5,158,227.40. The trade was a 0.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 31,359 shares of company stock valued at $8,809,422. Company insiders own 0.15% of the company’s stock.

Key Automatic Data Processing News

Here are the key news stories impacting Automatic Data Processing this week:

• Positive Sentiment: Raised fiscal 2027 outlook: ADP now expects adjusted earnings-per-share growth of approximately 10%–12% for fiscal 2027 and increased its client-funds interest revenue outlook to $1.59 billion–$1.61 billion. ADP forecasts fiscal 2027 adjusted EPS growth
• Positive Sentiment: First-quarter beat: Fiscal Q1 earnings were $2.82 per share versus the $2.77 consensus, while revenue reached $5.49 billion, slightly above estimates and up 6.1% year over year. ADP Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: Growth initiatives: ADP’s earnings call highlighted momentum from AI adoption, while a new PNC Bank partnership will embed ADP payroll, HR and benefits tools into PNC’s digital banking platform, potentially expanding its small-business reach. PNC Bank and ADP announce embedded payroll solution
• Positive Sentiment: Some analysts raised targets: Guggenheim reaffirmed a Buy rating with a $340 target, while Stifel raised its target to $305 from $285. These targets imply additional upside and reinforce the positive reaction to the guidance increase.
• Neutral Sentiment: Mixed but generally higher targets: Citigroup raised its target to $295 while maintaining Neutral, Morgan Stanley lifted its target to $288 with an Equal Weight rating, and RBC assigned a $290 target with Sector Perform. The modest targets suggest analysts see limited near-term upside at the current valuation.
• Negative Sentiment: Valuation concerns remain: Jefferies raised its target to $250 but retained an Underperform rating, indicating that some analysts believe ADP’s valuation and slowing organic growth could limit gains despite the earnings beat.

Automatic Data Processing Trading Up 0.2%

NASDAQ:ADP opened at $286.08 on Friday. The company has a fifty day moving average of $276.96 and a 200 day moving average of $240.67. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $309.40. The company has a quick ratio of 1.05, a current ratio of 1.03 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $113.36 billion, a P/E ratio of 25.36, a P/E/G ratio of 2.58 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, October 28th. The business services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.05. The business had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Automatic Data Processing had a net margin of 20.33% and a return on equity of 77.01%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.49 EPS. On average, research analysts predict that Automatic Data Processing, Inc. will post 12.29 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Friday, September 11th were paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, September 11th. Automatic Data Processing’s dividend payout ratio is 60.28%.

Automatic Data Processing Profile

Automatic Data Processing, Inc (NASDAQ: ADP) is a global provider of human capital management and business outsourcing solutions. The company helps employers manage payroll, human resources, workforce administration, benefits, tax compliance, time and attendance, talent management, and related employment processes.

ADP offers cloud-based platforms and services designed for businesses of various sizes, from small enterprises to large organizations. Its portfolio includes payroll processing, human resources management, employee benefits administration, retirement services, workforce management, data analytics, and professional employer organization services through ADP TotalSource.

Founded in 1949, ADP serves businesses in the United States and international markets.