Liberty Wealth Management LLC Sells 4,545 Shares of Automatic Data Processing, Inc. $ADP

Liberty Wealth Management LLC lessened its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 50.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,401 shares of the business services provider’s stock after selling 4,545 shares during the period. Liberty Wealth Management LLC’s holdings in Automatic Data Processing were worth $1,357,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Nuveen LLC acquired a new position in Automatic Data Processing in the first quarter valued at about $661,771,000. Mackenzie Financial Corp lifted its holdings in shares of Automatic Data Processing by 128.1% during the 1st quarter. Mackenzie Financial Corp now owns 1,585,704 shares of the business services provider’s stock valued at $484,480,000 after purchasing an additional 890,440 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Automatic Data Processing by 15.7% in the 1st quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider’s stock valued at $1,348,805,000 after purchasing an additional 601,400 shares during the period. Goldman Sachs Group Inc. increased its stake in Automatic Data Processing by 22.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider’s stock worth $934,647,000 after purchasing an additional 564,187 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Automatic Data Processing by 110.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 608,997 shares of the business services provider’s stock worth $186,067,000 after buying an additional 319,132 shares during the period. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Stock Down 0.2%

Automatic Data Processing stock opened at $280.94 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. Automatic Data Processing, Inc. has a 1-year low of $272.62 and a 1-year high of $329.93. The company has a fifty day simple moving average of $293.36 and a 200 day simple moving average of $302.27. The company has a market cap of $113.81 billion, a P/E ratio of 28.15, a price-to-earnings-growth ratio of 2.57 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.03. The company had revenue of $5.13 billion during 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 company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were paid a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, September 12th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 61.72%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ADP shares. Wells Fargo & Company started coverage on shares of Automatic Data Processing in a research note on Wednesday, October 22nd. They issued an “underweight” rating and a $288.00 price target on the stock. Citigroup began coverage on shares of Automatic Data Processing in a research report on Thursday. They issued a “neutral” rating and a $303.00 price objective on the stock. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 price target on the stock in a research note on Thursday, July 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Automatic Data Processing in a research report on Friday. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $313.17.

Insider Activity

In other news, CEO Maria Black sold 23,605 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was 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 owned 76,161 shares of the company’s stock, valued at approximately $22,720,349.52. This represents a 23.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David Foskett sold 1,373 shares of the firm’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 $407,190.61. Following the completion of the transaction, the vice president directly 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. Over the last three months, insiders have sold 52,516 shares of company stock worth $15,632,410. Corporate insiders own 0.20% of the company’s stock.

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.