Dempze Nancy E Reduces Stock Position in Automatic Data Processing, Inc. $ADP

Dempze Nancy E cut its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.2% during the second quarter, HoldingsChannel reports. The firm owned 17,218 shares of the business services provider’s stock after selling 389 shares during the period. Automatic Data Processing comprises 3.1% of Dempze Nancy E’s investment portfolio, making the stock its 9th biggest position. Dempze Nancy E’s holdings in Automatic Data Processing were worth $5,310,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bangor Savings Bank boosted its position in Automatic Data Processing by 0.7% in the second quarter. Bangor Savings Bank now owns 4,907 shares of the business services provider’s stock valued at $1,513,000 after buying an additional 34 shares in the last quarter. Ameritas Advisory Services LLC boosted its position in Automatic Data Processing by 2.1% in the second quarter. Ameritas Advisory Services LLC now owns 1,629 shares of the business services provider’s stock valued at $502,000 after buying an additional 34 shares in the last quarter. Syntegra Private Wealth Group LLC boosted its position in Automatic Data Processing by 4.7% in the first quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider’s stock valued at $238,000 after buying an additional 35 shares in the last quarter. Transamerica Financial Advisors LLC lifted its holdings in shares of Automatic Data Processing by 1.0% during the first quarter. Transamerica Financial Advisors LLC now owns 3,371 shares of the business services provider’s stock worth $1,030,000 after purchasing an additional 35 shares during the period. Finally, Ashton Thomas Securities LLC lifted its holdings in shares of Automatic Data Processing by 4.1% during the first quarter. Ashton Thomas Securities LLC now owns 883 shares of the business services provider’s stock worth $270,000 after purchasing an additional 35 shares during the period. 80.03% of the stock is owned by institutional investors and hedge funds.

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 on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $407,190.61. Following the completion of the sale, the vice president owned 11,781 shares of the company’s stock, valued at $3,493,891.17. This represents a 10.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 stock was sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the completion of the sale, the vice president directly owned 80,531 shares of the company’s stock, 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. Insiders have sold a total of 52,516 shares of company stock worth $15,632,410 over the last ninety days. 0.20% of the stock is owned by company insiders.

Automatic Data Processing Price Performance

ADP stock opened at $290.70 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. Automatic Data Processing, Inc. has a 52 week low of $272.62 and a 52 week high of $329.93. The firm’s fifty day moving average is $298.04 and its 200 day moving average is $303.25. The firm has a market cap of $117.76 billion, a P/E ratio of 29.13, a P/E/G ratio of 2.68 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly 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 business had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The company also recently declared 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 of this dividend was Friday, September 12th. This represents a $6.16 annualized dividend and a yield of 2.1%. Automatic Data Processing’s dividend payout ratio is presently 61.72%.

Wall Street Analyst Weigh In

ADP has been the topic of several recent analyst reports. UBS Group dropped their target price on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a research report on Wednesday. Morgan Stanley boosted their target price 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. BMO Capital Markets upgraded shares of Automatic Data Processing to a “hold” rating and set a $340.00 price target on the stock in a report on Thursday, July 10th. Finally, Mizuho upped their price target on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a research note on Friday, June 13th. Three investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Automatic Data Processing presently has a consensus rating of “Hold” and an average target price of $316.70.

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.