Christopher D'ambrosio Sells 597 Shares of Automatic Data Processing (NASDAQ:ADP) Stock

Key Points

• Christopher D'ambrosio, VP of Automatic Data Processing, sold 597 shares of ADP stock for approximately $177,249.30, resulting in a 5.36% decrease in ownership.
• ADP is set to issue a quarterly dividend of $1.54 on October 1st, with a yield of 2.1% and a payout ratio of 61.72%.
• The company reported a quarterly EPS of $2.26, exceeding analyst expectations, while projecting an FY 2026 EPS guidance between $10.811 and $11.011.

Automatic Data Processing, Inc. (NASDAQ:ADP - Get Free Report) VP Christopher D'ambrosio sold 597 shares of the firm'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 transaction, the vice president directly owned 10,541 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is available through the SEC website.

Automatic Data Processing Trading Up 1.9%

Shares of ADP stock traded up $5.64 on Thursday, hitting $298.03. The company had a trading volume of 1,943,923 shares, compared to its average volume of 1,720,681. Automatic Data Processing, Inc. has a twelve month low of $272.18 and a twelve month high of $329.93. 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 firm has a market cap of $120.71 billion, a P/E ratio of 29.86, a P/E/G ratio of 2.72 and a beta of 0.82. The stock's 50-day moving average is $303.53 and its two-hundred day moving average is $304.90.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted 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. The company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The firm's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be issued a $1.54 dividend. The ex-dividend date is Friday, September 12th. This represents a $6.16 annualized dividend and a yield of 2.1%. Automatic Data Processing's payout ratio is presently 61.72%.

Analysts Set New Price Targets

A number of analysts have weighed in on ADP shares. UBS Group decreased their price target on Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating for the company in a report on Friday, June 13th. Dbs Bank upgraded Automatic Data Processing to a "hold" rating in a research report on Thursday, August 21st. Stifel Nicolaus lifted their target price on Automatic Data Processing from $305.00 to $318.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. TD Securities boosted their price target on Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a research note on Wednesday, May 21st. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $315.00 price target on shares of Automatic Data Processing in a report on Thursday, June 5th. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Automatic Data Processing presently has a consensus rating of "Hold" and an average price target of $317.00.

Institutional Investors Weigh In On Automatic Data Processing

Hedge funds have recently added to or reduced their stakes in the company. Activest Wealth Management lifted its holdings in shares of Automatic Data Processing by 2,600.0% in the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider's stock worth $25,000 after purchasing an additional 78 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in Automatic Data Processing during the second quarter worth $26,000. Mid American Wealth Advisory Group Inc. acquired a new position in Automatic Data Processing during the second quarter worth $26,000. Howard Hughes Medical Institute bought a new position in shares of Automatic Data Processing in the second quarter valued at $27,000. Finally, Solstein Capital LLC acquired a new position in shares of Automatic Data Processing during the second quarter valued at about $28,000. Institutional investors and hedge funds own 80.03% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.