Automatic Data Processing, Inc. $ADP Shares Sold by Creative Planning

Creative Planning reduced its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 140,666 shares of the business services provider’s stock after selling 1,162 shares during the period. Creative Planning’s holdings in Automatic Data Processing were worth $43,381,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Automatic Data Processing by 92.1% in the fourth 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 period. Bison Wealth LLC increased its position in shares of Automatic Data Processing by 22.8% in the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 681 shares in the last quarter. MWA Asset Management lifted its holdings in shares of 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 valued at $798,000 after purchasing an additional 130 shares in the last quarter. Creekmur Asset Management LLC grew its holdings in Automatic Data Processing by 21,050.0% during the 1st quarter. Creekmur Asset Management LLC now owns 846 shares of the business services provider’s stock valued at $258,000 after buying an additional 842 shares during the last quarter. Finally, Diversify Advisory Services LLC increased its position in Automatic Data Processing by 12.4% during the 1st quarter. Diversify Advisory Services LLC now owns 4,662 shares of the business services provider’s stock worth $1,379,000 after purchasing an additional 516 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Insider Buying and Selling

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 597 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total value of $177,249.30. Following the sale, the vice president directly owned 10,541 shares in the company, valued at $3,129,622.90. This represents a 5.36% decrease in their ownership of the stock. 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 Automatic Data Processing stock in a transaction that occurred 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 owned 11,781 shares of the company’s stock, valued at $3,493,891.17. This trade represents a 10.44% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 52,516 shares of company stock worth $15,632,410. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

ADP has been the subject of several research analyst reports. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. UBS Group lowered their target price on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of Automatic Data Processing in a research report on Thursday. Morgan Stanley raised their price objective on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company dropped their target price on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Automatic Data Processing has a consensus rating of “Hold” and a consensus price target of $312.67.

Automatic Data Processing Stock Performance

ADP stock opened at $253.09 on Friday. 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 company has a market capitalization of $102.36 billion, a price-to-earnings ratio of 24.98, a P/E/G ratio of 2.39 and a beta of 0.86. The firm has a 50 day moving average of $280.33 and a two-hundred day moving average of $298.65. Automatic Data Processing, Inc. has a 12 month low of $249.68 and a 12 month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.05. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the firm posted $2.33 earnings per share. The company’s quarterly revenue was up 7.1% 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, equities analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 12th will be given a dividend of $1.70 per share. This is an increase from Automatic Data Processing’s previous quarterly dividend of $1.54. The ex-dividend date is Friday, December 12th. This represents a $6.80 annualized dividend and a dividend yield of 2.7%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 67.13%.

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.