Compass Capital Management Inc. Sells 12,597 Shares of Automatic Data Processing, Inc. $ADP

Compass Capital Management Inc. cut its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 6.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 195,027 shares of the business services provider’s stock after selling 12,597 shares during the quarter. Automatic Data Processing makes up approximately 3.2% of Compass Capital Management Inc.’s investment portfolio, making the stock its 13th largest holding. Compass Capital Management Inc.’s holdings in Automatic Data Processing were worth $60,146,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. AlphaCore Capital LLC acquired a new stake in Automatic Data Processing in the first quarter valued at approximately $688,000. Advisory Alpha LLC lifted its holdings in shares of Automatic Data Processing by 130.2% during the 1st quarter. Advisory Alpha LLC now owns 4,416 shares of the business services provider’s stock valued at $1,349,000 after purchasing an additional 2,498 shares during the last quarter. Meiji Yasuda Life Insurance Co lifted its holdings in shares of Automatic Data Processing by 4.4% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 32,478 shares of the business services provider’s stock valued at $9,923,000 after purchasing an additional 1,375 shares during the last quarter. MGO One Seven LLC boosted its position in shares of Automatic Data Processing by 18.3% in the 2nd quarter. MGO One Seven LLC now owns 13,578 shares of the business services provider’s stock worth $4,187,000 after purchasing an additional 2,105 shares in the last quarter. Finally, Morningstar Investment Management LLC purchased a new position in Automatic Data Processing during the 2nd quarter worth $1,795,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $254.16 on Monday. Automatic Data Processing, Inc. has a 52 week low of $249.68 and a 52 week high of $329.93. The business’s 50 day moving average price is $284.90 and its 200 day moving average price is $300.08. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. The firm has a market cap of $102.79 billion, a P/E ratio of 25.09, a P/E/G ratio of 2.39 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, beating the consensus estimate of $2.44 by $0.05. The business had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.14 billion. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.33 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, sell-side analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ADP shares. Morgan Stanley increased their price target on 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. Citigroup initiated coverage on shares of Automatic Data Processing in a report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price objective on the stock. Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. dropped their target price on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Finally, Stifel Nicolaus raised their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. Three 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, Automatic Data Processing presently has a consensus rating of “Hold” and a consensus target price of $312.67.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing 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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joseph Desilva sold 4,614 shares of the stock in a transaction dated 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 directly owned 17,536 shares in the company, valued at $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. Insiders sold a total of 52,516 shares of company stock valued at $15,632,410 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

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.