Ensign Peak Advisors Inc Sells 3,699 Shares of Automatic Data Processing, Inc. $ADP

Ensign Peak Advisors Inc cut its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 111,393 shares of the business services provider’s stock after selling 3,699 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Automatic Data Processing were worth $34,354,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. AlphaCore Capital LLC acquired a new stake in shares of Automatic Data Processing during the 1st quarter valued at about $688,000. Advisory Alpha LLC grew 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 purchasing an additional 2,498 shares during the period. Meiji Yasuda Life Insurance Co grew its holdings in Automatic Data Processing by 4.4% in the first 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 raised its stake in shares of 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 worth $4,187,000 after buying an additional 2,105 shares during the period. Finally, Morningstar Investment Management LLC purchased a new position in shares of Automatic Data Processing during the 2nd quarter valued at approximately $1,795,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analyst Ratings Changes

ADP has been the subject of several recent analyst reports. Morgan Stanley boosted their price target on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. UBS Group cut their target price on shares of 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. JPMorgan Chase & Co. reduced their price target 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. Citigroup started coverage on Automatic Data Processing in a report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price objective on the stock. Finally, 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 research note on Thursday, July 31st. 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $312.67.

Automatic Data Processing Stock Up 1.6%

ADP stock opened at $253.12 on Friday. The company has a 50 day moving average price of $275.80 and a two-hundred day moving average price of $296.90. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $102.37 billion, a P/E ratio of 24.99, a PEG ratio of 2.39 and a beta of 0.86. Automatic Data Processing, Inc. has a one year low of $247.18 and a one year high of $329.93.

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

Automatic Data Processing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 12th will be issued a $1.70 dividend. This is a positive change 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 yield of 2.7%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 67.13%.

Insider Activity at Automatic Data Processing

In related news, CEO Maria Black sold 23,605 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Joseph Desilva sold 4,614 shares of the company’s 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. The trade was a 20.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 52,516 shares of company stock worth $15,632,410. 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.