Automatic Data Processing, Inc. $ADP Stake Decreased by Investment House LLC

Investment House LLC cut its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 52.6% during the third quarter, Holdings Channel reports. The institutional investor owned 24,264 shares of the business services provider’s stock after selling 26,947 shares during the quarter. Investment House LLC’s holdings in Automatic Data Processing were worth $6,262,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Polaris Financial Partners acquired a new stake in shares of Automatic Data Processing during the 3rd quarter worth approximately $25,000. Whipplewood Advisors LLC increased its position in shares of Automatic Data Processing by 2,740.0% during the first quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 137 shares during the period. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Automatic Data Processing in the second quarter valued at $34,000. Cornerstone Financial Management LLC raised its stake in shares of Automatic Data Processing by 59.2% in the second quarter. Cornerstone Financial Management LLC now owns 156 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 58 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Automatic Data Processing in the second quarter valued at $36,000. 80.03% of the stock is currently owned by institutional investors.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, CEO Maria Black sold 29,810 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $280.91, for a total value of $8,373,927.10. Following the transaction, the chief executive officer directly owned 80,624 shares in the company, valued at $22,648,087.84. The trade was a 26.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Joseph Desilva sold 631 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $282.87, for a total transaction of $178,490.97. Following the sale, the vice president owned 18,824 shares of the company’s stock, valued at $5,324,744.88. This trade represents a 3.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 33,773 shares of company stock valued at $9,450,629 in the last ninety days. Company insiders own 0.15% of the company’s stock.

Automatic Data Processing News Roundup

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

• Positive Sentiment: Analysts expect ADP to report low-double-digit earnings growth in its upcoming first-quarter results, raising expectations for another strong print and potentially supportive guidance. Automatic Data Processing’s Quarterly Earnings Preview: What You Need to Know
• Positive Sentiment: A valuation analysis suggests ADP could trade at a roughly 17% premium based on its cash-flow generation, reinforcing the bullish case for the company’s predictable, recurring revenue model. Automatic Data Processing Stock Could Trade At A 17% Premium On Cash Flow
• Positive Sentiment: ADP reached a new 52-week high ahead of earnings, signaling strong investor momentum and confidence in the company’s operating outlook. Automatic Data Processing Stock Reaches a 52-Week High Ahead of Results
• Neutral Sentiment: ADP is scheduled to release quarterly results on October 28 before the Xetra market opens, giving investors a near-term catalyst while also increasing the risk of volatility if results or guidance disappoint. ADP Stock Has Results Scheduled October 28 Ahead of Xetra Open
• Neutral Sentiment: Broader concern that the artificial-intelligence trade may be weakening could encourage some investors to favor established, income-oriented companies such as ADP, although a wider market selloff could still weigh on the shares. The All-In Hosts Asked If the AI Trade Is Cracking

Automatic Data Processing Stock Up 4.6%

Shares of ADP stock opened at $307.94 on Friday. The firm’s fifty day moving average price is $274.83 and its two-hundred day moving average price is $245.07. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $308.63. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $122.02 billion, a P/E ratio of 26.48, a PEG ratio of 2.67 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, July 29th. The business services provider reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.05. Automatic Data Processing had a return on equity of 71.34% and a net margin of 20.11%. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same quarter in the previous year, the firm earned $2.26 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. On average, equities analysts predict that Automatic Data Processing, Inc. will post 12.27 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 11th were paid a $1.70 dividend. The ex-dividend date was Friday, September 11th. This represents a $6.80 annualized dividend and a yield of 2.2%. Automatic Data Processing’s dividend payout ratio is currently 62.16%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ADP. TD Cowen lifted their price target on shares of Automatic Data Processing from $216.00 to $223.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Morgan Stanley raised their price target on shares of Automatic Data Processing from $240.00 to $286.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Cantor Fitzgerald upped their price objective on shares of Automatic Data Processing from $295.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Weiss Ratings raised shares of Automatic Data Processing from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. Finally, Citigroup lifted their target price on shares of Automatic Data Processing from $230.00 to $287.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Automatic Data Processing currently has a consensus rating of “Hold” and a consensus price target of $273.50.

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.