Automatic Data Processing, Inc. $ADP Shares Sold by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services trimmed its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 8.2% during the second quarter, Holdings Channel reports. The firm owned 1,578 shares of the business services provider’s stock after selling 141 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in Automatic Data Processing were worth $487,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ADP. Bangor Savings Bank lifted its position in shares of Automatic Data Processing by 0.7% during the 2nd quarter. Bangor Savings Bank now owns 4,907 shares of the business services provider’s stock valued at $1,513,000 after acquiring an additional 34 shares during the period. Ameritas Advisory Services LLC raised its position in shares of Automatic Data Processing by 2.1% during the 2nd quarter. Ameritas Advisory Services LLC now owns 1,629 shares of the business services provider’s stock worth $502,000 after purchasing an additional 34 shares during the last quarter. Syntegra Private Wealth Group LLC raised its position in shares of Automatic Data Processing by 4.7% during the 1st quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider’s stock worth $238,000 after purchasing an additional 35 shares during the last quarter. Transamerica Financial Advisors LLC raised its position in shares of Automatic Data Processing by 1.0% during the 1st 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 last quarter. Finally, Ashton Thomas Securities LLC raised its position in shares of Automatic Data Processing by 4.1% during the 1st 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 last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Automatic Data Processing

In other news, VP Joseph Desilva sold 4,614 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $1,368,373.98. Following the completion of the sale, the vice president directly owned 17,536 shares of the company’s stock, valued at $5,200,651.52. The trade was a 20.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher D’ambrosio sold 597 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total transaction of $177,249.30. Following the sale, the vice president directly owned 10,541 shares of the company’s stock, valued at $3,129,622.90. This represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,516 shares of company stock worth $15,632,410. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ADP. Weiss Ratings restated a “buy (b)” rating on shares of Automatic Data Processing in a research report on Wednesday, October 8th. UBS Group cut their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research report on Wednesday, September 17th. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Morgan Stanley lifted their price objective on 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. Finally, Stifel Nicolaus lifted their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $316.70.

Automatic Data Processing Stock Down 1.4%

ADP stock opened at $280.16 on Friday. The stock has a market capitalization of $113.49 billion, a P/E ratio of 28.07, a PEG ratio of 2.60 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. Automatic Data Processing, Inc. has a one year low of $272.62 and a one year high of $329.93. The company has a 50 day moving average price of $295.82 and a two-hundred day moving average price of $302.51.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping 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 firm had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same period in the previous year, the company earned $2.09 EPS. Automatic Data Processing’s revenue for the quarter was up 6.3% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, sell-side analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were paid 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 dividend yield of 2.2%. Automatic Data Processing’s payout ratio is currently 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.