Automatic Data Processing, Inc. $ADP Stock Holdings Cut by KCM Investment Advisors LLC

KCM Investment Advisors LLC cut its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 173,834 shares of the business services provider’s stock after selling 3,120 shares during the quarter. Automatic Data Processing accounts for 1.8% of KCM Investment Advisors LLC’s portfolio, making the stock its 14th largest position. KCM Investment Advisors LLC’s holdings in Automatic Data Processing were worth $53,610,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Automatic Data Processing by 92.1% in the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock worth $2,935,000 after purchasing an additional 4,808 shares during the last quarter. Bison Wealth LLC boosted its holdings in Automatic Data Processing by 22.8% during the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock worth $1,073,000 after buying an additional 681 shares in the last quarter. MWA Asset Management grew its position in Automatic Data Processing by 5.2% in the first quarter. MWA Asset Management now owns 2,611 shares of the business services provider’s stock worth $798,000 after buying an additional 130 shares during the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of Automatic Data Processing by 5.7% in the first quarter. Linden Thomas Advisory Services LLC now owns 2,471 shares of the business services provider’s stock valued at $755,000 after buying an additional 133 shares in the last quarter. Finally, Stonebrook Private Inc. acquired a new stake in shares of Automatic Data Processing during the 1st quarter valued at $226,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 0.7%

Shares of NASDAQ ADP opened at $254.16 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a one year low of $249.68 and a one year high of $329.93. The business has a 50-day moving average price of $284.90 and a two-hundred day moving average price of $299.99. The firm has a market capitalization of $102.79 billion, a PE ratio of 25.09, a PEG ratio of 2.39 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.05. The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.14 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.33 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Insider Transactions at Automatic Data Processing

In other news, VP David Foskett sold 1,373 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $407,190.61. Following the transaction, the vice president directly owned 11,781 shares of the company’s stock, valued at approximately $3,493,891.17. This represents a 10.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Joseph Desilva sold 4,614 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $1,368,373.98. Following the sale, the vice president owned 17,536 shares of the company’s stock, valued at approximately $5,200,651.52. This represents a 20.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 52,516 shares of company stock worth $15,632,410. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Stifel Nicolaus boosted their price objective on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. Wells Fargo & Company reduced their price objective on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Finally, Citigroup began coverage on shares of Automatic Data Processing in a research report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $312.67.

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.