Automatic Data Processing, Inc. $ADP Stock: Yousif Capital Management LLC Lowers Holdings

Yousif Capital Management LLC reduced its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 6.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 66,341 shares of the business services provider’s stock after selling 4,856 shares during the period. Yousif Capital Management LLC’s holdings in Automatic Data Processing were worth $17,120,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ADP. Andrew Hill Investment Advisors Inc. lifted its stake in shares of Automatic Data Processing by 56.9% in the third quarter. Andrew Hill Investment Advisors Inc. now owns 22,450 shares of the business services provider’s stock worth $5,793,000 after acquiring an additional 8,145 shares in the last quarter. Boomfish Wealth Group LLC acquired a new position in Automatic Data Processing during the 3rd quarter worth $257,000. MBL Wealth LLC acquired a new position in Automatic Data Processing during the 3rd quarter worth $381,000. Demars Financial Group LLC grew its holdings in Automatic Data Processing by 2.9% during the 3rd quarter. Demars Financial Group LLC now owns 7,681 shares of the business services provider’s stock worth $1,982,000 after acquiring an additional 214 shares in the last quarter. Finally, Compass Wealth Management LLC bought a new stake in shares of Automatic Data Processing in the 3rd quarter worth about $95,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ADP shares. UBS Group upped their target price on shares of Automatic Data Processing from $260.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Weiss Ratings upgraded Automatic Data Processing from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 22nd. Morgan Stanley boosted their price objective on Automatic Data Processing from $240.00 to $286.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Guggenheim boosted their price objective on Automatic Data Processing from $300.00 to $340.00 and gave the company a “buy” rating in a report on Friday. Finally, Citigroup upped their price objective on Automatic Data Processing from $230.00 to $287.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $276.36.

Insider Buying and Selling at Automatic Data Processing

In related news, VP Joseph Desilva sold 631 shares of the stock in a transaction dated Thursday, September 3rd. The shares were 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 in the company, valued at $5,324,744.88. This represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 transaction of $33,564.00. Following the completion of the transaction, the vice president directly owned 18,442 shares in the company, valued at $5,158,227.40. This represents a 0.65% decrease in their position. 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 worth $9,450,629 in the last ninety days. Insiders own 0.15% of the company’s stock.

Automatic Data Processing Stock Performance

Automatic Data Processing stock traded down $3.78 during mid-day trading on Friday, reaching $304.16. The company’s stock had a trading volume of 1,694,101 shares, compared to its average volume of 1,864,279. The firm has a market cap of $120.52 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 2.79 and a beta of 0.83. The business has a 50 day moving average price of $275.45 and a 200-day moving average price of $245.48. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.82. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $309.40.

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

Automatic Data Processing Dividend Announcement

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

About Automatic Data Processing

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.