BSW Wealth Partners Sells 52 Shares of Automatic Data Processing, Inc. $ADP

BSW Wealth Partners trimmed its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,707 shares of the business services provider’s stock after selling 52 shares during the period. BSW Wealth Partners’ holdings in Automatic Data Processing were worth $1,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Woodward Diversified Capital LLC purchased a new stake in shares of Automatic Data Processing in the 2nd quarter worth approximately $351,000. USA Financial Formulas raised its stake in Automatic Data Processing by 17.0% in the second quarter. USA Financial Formulas now owns 859 shares of the business services provider’s stock worth $265,000 after buying an additional 125 shares in the last quarter. B.O.S.S. Retirement Advisors LLC lifted its holdings in Automatic Data Processing by 142.4% during the second quarter. B.O.S.S. Retirement Advisors LLC now owns 2,664 shares of the business services provider’s stock worth $821,000 after buying an additional 1,565 shares during the period. Parkwoods Wealth Partners LLC boosted its position in Automatic Data Processing by 9.7% during the second quarter. Parkwoods Wealth Partners LLC now owns 1,018 shares of the business services provider’s stock valued at $314,000 after purchasing an additional 90 shares in the last quarter. Finally, First Pacific Financial grew its position in shares of Automatic Data Processing by 124.9% in the 2nd quarter. First Pacific Financial now owns 848 shares of the business services provider’s stock worth $262,000 after buying an additional 471 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ADP. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $315.00 target price on shares of Automatic Data Processing in a research report on Thursday, June 5th. BMO Capital Markets upgraded Automatic Data Processing to a “hold” rating and set a $340.00 target price on the stock in a research report on Thursday, July 10th. Morgan Stanley raised their price target on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Finally, Mizuho raised their target price on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an “outperform” rating in a report on Friday, June 13th. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Automatic Data Processing currently has a consensus rating of “Hold” and an average target price of $316.70.

Automatic Data Processing Stock Down 0.6%

Automatic Data Processing stock opened at $291.61 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50 day simple moving average of $299.76 and a 200-day simple moving average of $303.45. The stock has a market capitalization 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. Automatic Data Processing, Inc. has a 12 month low of $272.62 and a 12 month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data 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. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The business had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same period last year, the firm posted $2.09 earnings per share. The company’s 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. On average, analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were issued a $1.54 dividend. 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%.

Insiders Place Their Bets

In other Automatic Data Processing news, VP David Foskett sold 1,373 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $407,190.61. Following the transaction, the vice president owned 11,781 shares of the company’s stock, valued at approximately $3,493,891.17. The trade was a 10.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Don Mcguire sold 13,599 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $4,033,055.43. Following the transaction, the vice president directly owned 17,684 shares in the company, valued at approximately $5,244,543.88. The trade was a 43.47% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,516 shares of company stock valued at $15,632,410. Corporate insiders own 0.20% of the company’s stock.

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.