Valley Brook Capital Group Inc. Trims Stake in Automatic Data Processing, Inc. $ADP

Valley Brook Capital Group Inc. cut its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.8% in the second quarter, Holdings Channel reports. The institutional investor owned 4,965 shares of the business services provider’s stock after selling 40 shares during the quarter. Automatic Data Processing accounts for 1.1% of Valley Brook Capital Group Inc.’s holdings, making the stock its 21st largest holding. Valley Brook Capital Group Inc.’s holdings in Automatic Data Processing were worth $1,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Second Half Financial Partners LLC purchased a new stake in shares of Automatic Data Processing in the second quarter valued at approximately $201,000. Orca Investment Management LLC lifted its holdings in Automatic Data Processing by 2.1% during the second quarter. Orca Investment Management LLC now owns 3,126 shares of the business services provider’s stock valued at $964,000 after purchasing an additional 63 shares in the last quarter. OFI Invest Asset Management lifted its holdings in Automatic Data Processing by 39.7% during the second quarter. OFI Invest Asset Management now owns 338 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 96 shares in the last quarter. Board of the Pension Protection Fund lifted its holdings in Automatic Data Processing by 15.8% during the second quarter. Board of the Pension Protection Fund now owns 2,200 shares of the business services provider’s stock valued at $678,000 after purchasing an additional 300 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Automatic Data Processing by 20.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 64,316 shares of the business services provider’s stock valued at $19,835,000 after purchasing an additional 10,882 shares in the last quarter. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Maria Black sold 23,605 shares of Automatic Data Processing stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the transaction, the chief executive officer owned 76,161 shares in the company, valued at approximately $22,720,349.52. This trade represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP David Foskett sold 1,373 shares of Automatic Data Processing stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $407,190.61. Following the transaction, the vice president owned 11,781 shares in the company, valued at approximately $3,493,891.17. The trade was a 10.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,516 shares of company stock valued at $15,632,410 in the last 90 days. 0.20% of the stock is owned by insiders.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock opened at $285.19 on Friday. Automatic Data Processing, Inc. has a one year low of $272.62 and a one year high of $329.93. The company has a market cap of $115.53 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 2.61 and a beta of 0.82. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. The business’s 50 day moving average price is $297.26 and its 200 day moving average price is $303.07.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.03. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The firm had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter last year, the business posted $2.09 earnings per share. The firm’s revenue was up 6.3% 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were given a dividend of $1.54 per share. The ex-dividend date was Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a yield of 2.2%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 61.72%.

Analyst Ratings Changes

Several research firms have issued reports on ADP. BMO Capital Markets raised shares of Automatic Data Processing to a “hold” rating and set a $340.00 price objective on the stock in a report on Thursday, July 10th. Morgan Stanley lifted their price target 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. Dbs Bank raised Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Automatic Data Processing in a research note on Wednesday. Finally, UBS Group lowered their price target on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Automatic Data Processing has an average rating of “Hold” and a consensus target price of $316.70.

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.