Tanager Wealth Management LLP Sells 178 Shares of Automatic Data Processing, Inc. $ADP

Tanager Wealth Management LLP lessened its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 12.0% in the second quarter, Holdings Channel reports. The institutional investor owned 1,307 shares of the business services provider’s stock after selling 178 shares during the period. Tanager Wealth Management LLP’s holdings in Automatic Data Processing were worth $403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADP. Brighton Jones LLC increased its position 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 buying an additional 4,808 shares in the last quarter. Bison Wealth LLC increased its position in Automatic Data Processing by 22.8% during the 4th 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 in the last quarter. Merit Financial Group LLC increased its holdings in shares of Automatic Data Processing by 15.7% in the 1st quarter. Merit Financial Group LLC now owns 17,448 shares of the business services provider’s stock worth $5,331,000 after purchasing an additional 2,371 shares in the last quarter. RFG Advisory LLC increased its holdings in shares of Automatic Data Processing by 10.8% in the 1st quarter. RFG Advisory LLC now owns 7,666 shares of the business services provider’s stock worth $2,342,000 after purchasing an additional 747 shares in the last quarter. Finally, Apella Capital LLC increased its holdings in shares of Automatic Data Processing by 9.1% in the 1st quarter. Apella Capital LLC now owns 4,644 shares of the business services provider’s stock worth $1,369,000 after purchasing an additional 389 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.

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%.

Analyst Ratings Changes

ADP has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Dbs Bank raised Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. 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 raised their price target on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Finally, UBS Group dropped their price target on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $316.70.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Don Mcguire sold 13,599 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 transaction of $4,033,055.43. Following the sale, the vice president directly owned 17,684 shares of the company’s stock, valued at $5,244,543.88. This trade represents a 43.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael A. Bonarti sold 8,728 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total value of $2,604,697.04. Following the sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 52,516 shares of company stock valued at $15,632,410. 0.20% of the stock is currently owned by corporate insiders.

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.