International Assets Investment Management LLC Reduces Stake in Automatic Data Processing, Inc. $ADP

International Assets Investment Management LLC lessened its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 35.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,270 shares of the business services provider’s stock after selling 1,766 shares during the quarter. International Assets Investment Management LLC’s holdings in Automatic Data Processing were worth $1,008,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADP. Activest Wealth Management lifted its stake in shares of Automatic Data Processing by 2,600.0% in the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 78 shares during the period. Harbor Asset Planning Inc. bought a new position in Automatic Data Processing during the 2nd quarter valued at approximately $26,000. Clarity Asset Management Inc. bought a new stake in shares of Automatic Data Processing in the 1st quarter worth $29,000. von Borstel & Associates Inc. bought a new stake in shares of Automatic Data Processing in the 1st quarter worth $30,000. Finally, Y.D. More Investments Ltd bought a new stake in shares of Automatic Data Processing in the 1st quarter worth $35,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

ADP has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Stifel Nicolaus boosted their target price on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. BMO Capital Markets upgraded Automatic Data Processing to a “hold” rating and set a $340.00 target price on the stock in a research report on Thursday, July 10th. Finally, Morgan Stanley boosted their price objective on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $316.70.

Automatic Data Processing Stock Performance

Shares of ADP opened at $283.03 on Tuesday. Automatic Data Processing, Inc. has a 12 month low of $272.62 and a 12 month high of $329.93. The stock has a fifty day moving average price of $294.91 and a 200-day moving average price of $302.26. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The firm has a market cap of $114.65 billion, a PE ratio of 28.36, a P/E/G ratio of 2.58 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.03. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The firm had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same period in the prior year, the firm earned $2.09 EPS. The firm’s revenue 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. Equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.2%. Automatic Data Processing’s dividend payout ratio (DPR) is 61.72%.

Insider Activity

In related news, 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 transaction, the vice president directly owned 80,531 shares of the company’s stock, valued at approximately $24,032,866.33. This trade represents a 9.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Christopher D’ambrosio sold 597 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total transaction of $177,249.30. Following the completion of the transaction, the vice president directly owned 10,541 shares in the company, valued at $3,129,622.90. This trade 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 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.