4,007 Automatic Data Processing, Inc. $ADP Shares Sold by Financial & Tax Architects LLC

Financial & Tax Architects LLC reduced its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 12.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,163 shares of the business services provider’s stock after selling 4,007 shares during the quarter. Automatic Data Processing makes up approximately 1.6% of Financial & Tax Architects LLC’s holdings, making the stock its 20th biggest position. Financial & Tax Architects LLC’s holdings in Automatic Data Processing were worth $7,526,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Automatic Data Processing in the second quarter worth $8,097,229,000. Bank of America Corp DE acquired a new position in Automatic Data Processing during the second quarter worth $1,231,175,000. Deutsche Bank AG acquired a new position in Automatic Data Processing during the second quarter worth $994,937,000. Bank of New York Mellon Corp bought a new position in Automatic Data Processing in the second quarter valued at $725,513,000. Finally, Legal & General Group Plc bought a new position in Automatic Data Processing in the second quarter valued at $562,425,000. 80.03% of the stock is owned by institutional investors.

Insider Activity

In other Automatic Data Processing news, VP Joseph Desilva sold 631 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $282.87, for a total value of $178,490.97. Following the completion of the sale, the vice president owned 18,824 shares in the company, valued at $5,324,744.88. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Maria Black sold 29,810 shares of the stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $280.91, for a total transaction of $8,373,927.10. Following the completion of the sale, the chief executive officer owned 80,624 shares of the company’s stock, valued at approximately $22,648,087.84. This represents a 26.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 33,773 shares of company stock valued at $9,450,629 in the last ninety days. Corporate insiders own 0.15% of the company’s stock.

Automatic Data Processing Stock Up 1.9%

NASDAQ:ADP opened at $285.65 on Friday. The firm has a market capitalization of $113.19 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 2.54 and a beta of 0.83. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $289.80. The stock’s 50 day moving average price is $272.64 and its two-hundred day moving average price is $241.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.82.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $2.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.05. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.44 billion. Automatic Data Processing had a return on equity of 71.34% and a net margin of 20.11%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.26 EPS. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. Equities research analysts expect that Automatic Data Processing, Inc. will post 12.27 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 11th were issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, September 11th. Automatic Data Processing’s payout ratio is presently 62.16%.

Analyst Ratings Changes

Several brokerages have issued reports on ADP. Stifel Nicolaus lifted their price target on shares of Automatic Data Processing from $260.00 to $285.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. UBS Group boosted their price target on shares of Automatic Data Processing from $260.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Guggenheim increased their price objective on shares of Automatic Data Processing from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Wells Fargo & Company increased their price objective on shares of Automatic Data Processing from $248.00 to $283.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Finally, BMO Capital Markets raised their price objective on Automatic Data Processing from $248.00 to $305.00 and gave the company a “market perform” rating in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $273.50.

About Automatic Data Processing

Automatic Data Processing, Inc (NASDAQ: ADP) is a provider of human capital management and business outsourcing solutions. The company helps organizations manage payroll, tax withholding and compliance, employee benefits, time and attendance, workforce management, talent acquisition, and human resources administration.

ADP offers cloud-based platforms and related services designed for businesses of different sizes, from small companies to large multinational employers. Its offerings include payroll and HR software, workforce analytics, talent management tools, retirement and insurance-related administration, and professional employer organization services through ADP TotalSource.