Automatic Data Processing, Inc. $ADP Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lessened its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 6.0% in the second quarter, Holdings Channel.com reports. The fund owned 1,055 shares of the business services provider’s stock after selling 67 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Automatic Data Processing were worth $325,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ADP. Brighton Jones LLC lifted its position in shares of Automatic Data Processing by 92.1% during the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock valued at $2,935,000 after acquiring an additional 4,808 shares during the last quarter. Bison Wealth LLC lifted its position in shares of Automatic Data Processing by 22.8% during the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock valued at $1,073,000 after acquiring an additional 681 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Automatic Data Processing by 13.8% during the 1st quarter. GAMMA Investing LLC now owns 9,495 shares of the business services provider’s stock valued at $2,901,000 after acquiring an additional 1,148 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of Automatic Data Processing by 212.2% during the 1st quarter. Golden State Wealth Management LLC now owns 1,361 shares of the business services provider’s stock valued at $416,000 after acquiring an additional 925 shares during the last quarter. Finally, Pure Financial Advisors LLC lifted its position in shares of Automatic Data Processing by 39.8% during the 1st quarter. Pure Financial Advisors LLC now owns 955 shares of the business services provider’s stock valued at $292,000 after acquiring an additional 272 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on ADP shares. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Citigroup started coverage on shares of Automatic Data Processing in a research note on Thursday. They set a “neutral” rating and a $303.00 target price on the stock. BMO Capital Markets raised shares of Automatic Data Processing to a “hold” rating and set a $340.00 target price on the stock in a research note on Thursday, July 10th. UBS Group cut 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 research note on Wednesday, September 17th. Finally, Morgan Stanley boosted their target price on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and a consensus target price of $313.17.

Insiders Place Their Bets

In related news, CEO Maria Black sold 23,605 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $298.32, for a total value of $7,041,843.60. Following the completion of the sale, the chief executive officer directly owned 76,161 shares in the company, valued at approximately $22,720,349.52. This represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP David Foskett sold 1,373 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,516 shares of company stock valued at $15,632,410 in the last three months. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Trading Down 0.2%

NASDAQ ADP opened at $280.94 on Friday. Automatic Data Processing, Inc. has a 1-year low of $272.62 and a 1-year high of $329.93. 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 company has a market capitalization of $113.81 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 2.57 and a beta of 0.82. The firm’s fifty day simple moving average is $293.36 and its 200-day simple moving average is $302.22.

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, topping analysts’ consensus estimates 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 business 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 business posted $2.09 earnings per share. Automatic Data Processing’s revenue for the quarter was up 6.3% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, sell-side analysts anticipate 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 paid a $1.54 dividend. The ex-dividend date of this dividend 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 is 61.72%.

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.