Parsons Capital Management Inc. RI Sells 50 Shares of Automatic Data Processing, Inc. $ADP

Parsons Capital Management Inc. RI lessened its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,011 shares of the business services provider’s stock after selling 50 shares during the period. Parsons Capital Management Inc. RI’s holdings in Automatic Data Processing were worth $6,171,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Pure Financial Advisors LLC increased its holdings in shares of Automatic Data Processing by 6.8% in the 2nd quarter. Pure Financial Advisors LLC now owns 1,020 shares of the business services provider’s stock worth $314,000 after purchasing an additional 65 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Automatic Data Processing by 90.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 649,511 shares of the business services provider’s stock worth $200,309,000 after purchasing an additional 309,061 shares in the last quarter. Woodward Diversified Capital LLC bought a new stake in shares of Automatic Data Processing in the 2nd quarter worth $351,000. USA Financial Formulas increased its holdings in shares of Automatic Data Processing by 17.0% in the 2nd quarter. USA Financial Formulas now owns 859 shares of the business services provider’s stock worth $265,000 after purchasing an additional 125 shares in the last quarter. Finally, B.O.S.S. Retirement Advisors LLC increased its holdings in shares of Automatic Data Processing by 142.4% in the 2nd quarter. B.O.S.S. Retirement Advisors LLC now owns 2,664 shares of the business services provider’s stock worth $821,000 after purchasing an additional 1,565 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.

Insider Activity at Automatic Data Processing

In other news, VP David Foskett sold 1,373 shares of the business’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 transaction, the vice president directly owned 11,781 shares in the company, valued at $3,493,891.17. The trade was a 10.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $4,033,055.43. Following the completion of the transaction, the vice president owned 17,684 shares in the company, valued at $5,244,543.88. The trade was a 43.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock valued at $15,632,410 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

ADP has been the subject of a number of research analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $315.00 target price on shares of Automatic Data Processing in a report on Thursday, June 5th. Stifel Nicolaus lifted their target price on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. UBS Group reduced their target price on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 price objective for the company in a report on Thursday, July 10th. Finally, Dbs Bank raised Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and a consensus target price of $316.70.

Automatic Data Processing Price Performance

NASDAQ ADP opened at $291.61 on Thursday. The company 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. 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 business’s fifty day moving average is $299.76 and its 200 day moving average is $303.45. Automatic Data Processing, Inc. has a fifty-two week low of $272.62 and a fifty-two week high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share 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 return on equity of 72.84% and a net margin of 19.84%.Automatic Data Processing’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Sell-side analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors 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 annualized dividend and a yield of 2.1%. Automatic Data Processing’s payout ratio is 61.72%.

Automatic Data Processing 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.