Heathbridge Capital Management Ltd. Sells 5,575 Shares of Automatic Data Processing, Inc. $ADP

Heathbridge Capital Management Ltd. decreased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 16.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,725 shares of the business services provider’s stock after selling 5,575 shares during the period. Automatic Data Processing comprises 3.4% of Heathbridge Capital Management Ltd.’s portfolio, making the stock its 16th biggest holding. Heathbridge Capital Management Ltd.’s holdings in Automatic Data Processing were worth $8,550,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BankPlus Trust Department increased its holdings in shares of Automatic Data Processing by 5.6% during the second quarter. BankPlus Trust Department now owns 13,369 shares of the business services provider’s stock worth $4,123,000 after buying an additional 713 shares in the last quarter. SGL Investment Advisors Inc. acquired a new stake in shares of Automatic Data Processing during the second quarter worth approximately $509,000. Shell Asset Management Co. increased its holdings in shares of Automatic Data Processing by 45.7% during the second quarter. Shell Asset Management Co. now owns 27,107 shares of the business services provider’s stock worth $8,360,000 after buying an additional 8,497 shares in the last quarter. KLP Kapitalforvaltning AS increased its holdings in shares of Automatic Data Processing by 3.7% during the second quarter. KLP Kapitalforvaltning AS now owns 193,979 shares of the business services provider’s stock worth $60,074,000 after buying an additional 6,900 shares in the last quarter. Finally, Country Club Bank increased its holdings in shares of Automatic Data Processing by 17.5% during the second quarter. Country Club Bank now owns 6,667 shares of the business services provider’s stock worth $2,023,000 after buying an additional 991 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP David Foskett sold 1,373 shares of the 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 owned 11,781 shares of the company’s stock, valued at approximately $3,493,891.17. This represents a 10.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Michael A. Bonarti sold 8,728 shares of the 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 completion of the transaction, the vice president directly owned 80,531 shares in the company, valued at $24,032,866.33. The trade was a 9.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock valued at $15,632,410 over the last quarter. 0.20% of the stock is owned by corporate insiders.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock opened at $292.94 on Wednesday. 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 firm has a market cap of $118.67 billion, a P/E ratio of 29.35, a P/E/G ratio of 2.66 and a beta of 0.82. The firm has a 50 day simple moving average of $298.44 and a 200 day simple moving average of $303.34. 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 issued 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. The business had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. Automatic Data Processing’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $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 fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were given a $1.54 dividend. This represents a $6.16 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, September 12th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 61.72%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ADP. UBS Group dropped their price objective on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. Stifel Nicolaus raised their price objective on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. BMO Capital Markets raised shares of Automatic Data Processing to a “hold” rating and set a $340.00 price objective for the company in a 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 company an “equal weight” rating in a report on Thursday, July 31st. Finally, Mizuho raised their price target 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. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Automatic Data Processing currently has a consensus 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.