Clifford Swan Investment Counsel LLC Sells 180 Shares of Automatic Data Processing, Inc. $ADP

Clifford Swan Investment Counsel LLC trimmed its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,518 shares of the business services provider’s stock after selling 180 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Automatic Data Processing were worth $14,346,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ADP. Vanguard Group Inc. increased its position in Automatic Data Processing by 0.5% during the first quarter. Vanguard Group Inc. now owns 40,949,884 shares of the business services provider’s stock worth $12,511,418,000 after acquiring an additional 218,614 shares during the period. Ameriprise Financial Inc. grew its position in shares of Automatic Data Processing by 15.7% during the 1st quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider’s stock worth $1,348,805,000 after purchasing an additional 601,400 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Automatic Data Processing by 3.7% during the first quarter. Invesco Ltd. now owns 4,031,713 shares of the business services provider’s stock worth $1,231,809,000 after purchasing an additional 145,161 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Automatic Data Processing by 2.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,848,307 shares of the business services provider’s stock worth $1,175,773,000 after purchasing an additional 77,296 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Automatic Data Processing by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider’s stock valued at $934,647,000 after buying an additional 564,187 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Activity at Automatic Data Processing

In related news, VP Michael A. Bonarti sold 8,728 shares of the business’s stock in a transaction on 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 sale, the vice president owned 80,531 shares in the company, valued at $24,032,866.33. The trade was a 9.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP David Foskett sold 1,373 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $407,190.61. Following the completion of the transaction, 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 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 90 days. 0.20% of the stock is currently owned by company insiders.

Automatic Data Processing Stock Performance

Automatic Data Processing stock opened at $283.95 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock has a market cap of $115.03 billion, a PE ratio of 28.45, a P/E/G ratio of 2.60 and a beta of 0.82. Automatic Data Processing, Inc. has a 12-month low of $272.62 and a 12-month high of $329.93. The business’s 50-day moving average price is $294.18 and its two-hundred day moving average price is $302.01.

Automatic Data Processing (NASDAQ:ADP) last posted 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 company had revenue of $5.13 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, analysts expect 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 issued a dividend of $1.54 per share. The ex-dividend date was Friday, September 12th. This represents a $6.16 annualized dividend and a dividend yield of 2.2%. Automatic Data Processing’s dividend payout ratio is 61.72%.

Wall Street Analyst Weigh In

A number of research firms have commented on ADP. Stifel Nicolaus raised their price objective 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. Morgan Stanley increased 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. Wells Fargo & Company started coverage on Automatic Data Processing in a research note on Wednesday. They issued an “underweight” rating and a $288.00 price target for the company. UBS Group cut 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 research report on Wednesday, September 17th. Finally, Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Automatic Data Processing has a consensus rating of “Hold” and an average target price of $314.09.

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.