Arlington Partners LLC Sells 422 Shares of Automatic Data Processing, Inc. $ADP

Arlington Partners LLC decreased its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,752 shares of the business services provider’s stock after selling 422 shares during the period. Automatic Data Processing accounts for approximately 1.7% of Arlington Partners LLC’s holdings, making the stock its 19th biggest holding. Arlington Partners LLC’s holdings in Automatic Data Processing were worth $4,550,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ADP. Foster Group Inc. raised its holdings in shares of Automatic Data Processing by 8.7% in the second quarter. Foster Group Inc. now owns 1,463 shares of the business services provider’s stock worth $451,000 after buying an additional 117 shares during the period. Financial Harvest LLC bought a new position in Automatic Data Processing in the second quarter worth approximately $616,000. KFG Wealth Management LLC raised its position in Automatic Data Processing by 6.0% during the 2nd quarter. KFG Wealth Management LLC now owns 2,654 shares of the business services provider’s stock valued at $819,000 after purchasing an additional 151 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Automatic Data Processing by 14.7% in the 2nd quarter. GAMMA Investing LLC now owns 10,891 shares of the business services provider’s stock worth $3,359,000 after buying an additional 1,396 shares during the period. Finally, Scharf Investments LLC grew its position in shares of Automatic Data Processing by 8.3% during the 2nd quarter. Scharf Investments LLC now owns 7,266 shares of the business services provider’s stock worth $2,241,000 after buying an additional 555 shares in the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Michael A. Bonarti sold 8,728 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total value of $2,604,697.04. Following the completion of the transaction, the vice president directly owned 80,531 shares in the company, valued at approximately $24,032,866.33. This represents a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David Foskett sold 1,373 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $407,190.61. Following the completion of the transaction, the vice president owned 11,781 shares in the company, valued at approximately $3,493,891.17. This trade represents a 10.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,516 shares of company stock worth $15,632,410. 0.21% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ADP. Stifel Nicolaus upped their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $315.00 price objective on shares of Automatic Data Processing in a research report on Thursday, June 5th. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. BMO Capital Markets upgraded shares of Automatic Data Processing to a “hold” rating and set a $340.00 price objective for the company in a research note on Thursday, July 10th. Finally, Mizuho upped their price objective on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a report on Friday, June 13th. Two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $314.73.

Automatic Data Processing Stock Up 0.4%

Shares of NASDAQ ADP opened at $292.00 on Monday. The business’s fifty day simple moving average is $301.38 and its 200-day simple moving average is $303.82. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. Automatic Data Processing, Inc. has a 12-month low of $272.18 and a 12-month high of $329.93. The stock has a market cap of $118.27 billion, a P/E ratio of 29.26, a PEG ratio of 2.67 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.03. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The firm had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same period in the previous year, the company earned $2.09 earnings per share. Automatic Data Processing’s quarterly revenue was up 6.3% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, equities analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be issued a $1.54 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a yield of 2.1%. Automatic Data Processing’s dividend payout ratio (DPR) is 61.72%.

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.