Automatic Data Processing, Inc. $ADP Shares Sold by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. lowered its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,275 shares of the business services provider’s stock after selling 220 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Automatic Data Processing were worth $17,662,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADP. Brighton Jones LLC boosted its stake in Automatic Data Processing by 92.1% during the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock valued at $2,935,000 after purchasing an additional 4,808 shares in the last quarter. Bison Wealth LLC lifted its holdings in shares of Automatic Data Processing by 22.8% in the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 681 shares during the period. Merit Financial Group LLC lifted its holdings in shares of Automatic Data Processing by 15.7% in the first quarter. Merit Financial Group LLC now owns 17,448 shares of the business services provider’s stock valued at $5,331,000 after buying an additional 2,371 shares during the period. RFG Advisory LLC boosted its stake in Automatic Data Processing by 10.8% during the first quarter. RFG Advisory LLC now owns 7,666 shares of the business services provider’s stock valued at $2,342,000 after buying an additional 747 shares in the last quarter. Finally, Apella Capital LLC grew its holdings in Automatic Data Processing by 9.1% during the first quarter. Apella Capital LLC now owns 4,644 shares of the business services provider’s stock worth $1,369,000 after acquiring an additional 389 shares during the period. Institutional investors own 80.03% of the company’s stock.

Insider Activity

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 597 shares of Automatic Data Processing stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total transaction of $177,249.30. Following the transaction, the vice president owned 10,541 shares of the company’s stock, valued at $3,129,622.90. The trade was a 5.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Joseph Desilva sold 4,614 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $1,368,373.98. Following the completion of the sale, the vice president directly owned 17,536 shares of the company’s stock, valued at $5,200,651.52. This trade represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 52,516 shares of company stock worth $15,632,410. Corporate insiders own 0.20% of the company’s stock.

Automatic Data Processing Stock Down 0.6%

Shares of NASDAQ:ADP opened at $291.61 on Thursday. Automatic Data Processing, Inc. has a 52 week low of $272.62 and a 52 week high of $329.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $118.13 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 2.69 and a beta of 0.82. The firm has a 50 day simple moving average of $299.76 and a 200 day simple moving average of $303.45.

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

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were given a dividend of $1.54 per share. The ex-dividend date was 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 presently 61.72%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. BMO Capital Markets raised shares of Automatic Data Processing to a “hold” rating and set a $340.00 price target for the company in a report on Thursday, July 10th. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Stifel Nicolaus lifted 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. Mizuho upped their price target on Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a report on Friday, June 13th. Finally, UBS Group cut their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research report on Wednesday, September 17th. Two analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $316.70.

About Automatic Data Processing

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.