SG Americas Securities LLC Sells 560,573 Shares of Automatic Data Processing, Inc. $ADP

SG Americas Securities LLC trimmed its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 87.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,028 shares of the business services provider’s stock after selling 560,573 shares during the quarter. SG Americas Securities LLC’s holdings in Automatic Data Processing were worth $23,755,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ADP. AlphaCore Capital LLC acquired a new stake in shares of Automatic Data Processing in the first quarter valued at about $688,000. Advisory Alpha LLC boosted its holdings in Automatic Data Processing by 130.2% in the first quarter. Advisory Alpha LLC now owns 4,416 shares of the business services provider’s stock valued at $1,349,000 after acquiring an additional 2,498 shares during the last quarter. Meiji Yasuda Life Insurance Co increased its position in 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 period. MGO One Seven LLC increased its position in Automatic Data Processing by 18.3% during the 2nd quarter. MGO One Seven LLC now owns 13,578 shares of the business services provider’s stock valued at $4,187,000 after purchasing an additional 2,105 shares during the period. Finally, Morningstar Investment Management LLC acquired a new position in shares of Automatic Data Processing in the 2nd quarter worth approximately $1,795,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Transactions at Automatic Data Processing

In related news, VP Joseph Desilva sold 4,614 shares of the business’s 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 approximately $5,200,651.52. The trade was a 20.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Don Mcguire sold 13,599 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $4,033,055.43. Following the sale, the vice president directly owned 17,684 shares in the company, valued at approximately $5,244,543.88. This trade represents a 43.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 52,516 shares of company stock valued at $15,632,410. 0.20% of the stock is currently owned by insiders.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $253.09 on Friday. The company has a market capitalization of $102.36 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 2.39 and a beta of 0.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.05. Automatic Data Processing, Inc. has a 52-week low of $249.68 and a 52-week high of $329.93. The company has a 50-day simple moving average of $280.33 and a 200 day simple moving average of $298.65.

Automatic Data Processing (NASDAQ:ADP) last released 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. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The firm had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the prior year, the firm earned $2.33 EPS. The company’s 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. On average, research analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ADP. JPMorgan Chase & Co. decreased their price objective on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. UBS Group cut their price target on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Citigroup began 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 for the company. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Finally, Stifel Nicolaus upped their price objective on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. Three equities research 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, the company currently has a consensus rating of “Hold” and a consensus price target 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.