5,448 Automatic Data Processing, Inc. $ADP Shares Sold by Mather Group LLC.

Key Points

• Mather Group LLC. reduced its ADP position by 7.2% in the third quarter, selling 5,448 shares and retaining 69,722 shares valued at approximately $17.99 million. Institutional investors and hedge funds collectively own 80.03% of ADP.
• ADP reported quarterly earnings of $2.64 per share, exceeding analyst estimates of $2.59, while revenue rose 6.8% year over year to $5.47 billion. The company also declared a quarterly dividend of $1.70 per share, equivalent to a 2.4% annual yield.
• Analysts maintain a consensus “Hold” rating with an average price target of $273.50; ADP shares recently opened at $280.32, near their 52-week high of $288.00.

Mather Group LLC. decreased its position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 7.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,722 shares of the business services provider's stock after selling 5,448 shares during the period. Mather Group LLC.'s holdings in Automatic Data Processing were worth $17,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Polaris Financial Partners purchased a new stake in Automatic Data Processing during the 3rd quarter valued at about $25,000. Whipplewood Advisors LLC increased its holdings in shares of Automatic Data Processing by 2,740.0% in the first quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider's stock valued at $29,000 after purchasing an additional 137 shares during the period. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Automatic Data Processing in the second quarter valued at about $34,000. Cornerstone Financial Management LLC raised its stake in shares of Automatic Data Processing by 59.2% in the second quarter. Cornerstone Financial Management LLC now owns 156 shares of the business services provider's stock worth $35,000 after purchasing an additional 58 shares during the last quarter. Finally, HHM Wealth Advisors LLC raised its stake in shares of Automatic Data Processing by 42.4% in the first quarter. HHM Wealth Advisors LLC now owns 178 shares of the business services provider's stock worth $36,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company's stock.

Automatic Data Processing Price Performance

Shares of ADP opened at $280.32 on Thursday. The business's 50-day moving average is $272.40 and its two-hundred day moving average is $241.28. The company has a market capitalization of $111.08 billion, a P/E ratio of 25.62, a P/E/G ratio of 2.50 and a beta of 0.83. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.05 and a current ratio of 1.05. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $288.00.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The business services provider reported $2.64 earnings per share for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.44 billion. Automatic Data Processing had a return on equity of 71.34% and a net margin of 20.11%. The company's revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $2.26 EPS. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. Research analysts predict that Automatic Data Processing, Inc. will post 12.27 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The business 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 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, September 11th. Automatic Data Processing's dividend payout ratio (DPR) is 62.16%.

Analyst Upgrades and Downgrades

ADP has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on Automatic Data Processing from $260.00 to $285.00 and gave the stock a "hold" rating in a report on Thursday, July 30th. BMO Capital Markets increased their price target on shares of Automatic Data Processing from $248.00 to $305.00 and gave the stock a "market perform" rating in a report on Wednesday, July 29th. Citigroup raised their price target on shares of Automatic Data Processing from $230.00 to $287.00 and gave the stock a "neutral" rating in a research report on Thursday, July 30th. TD Cowen raised their price target on shares of Automatic Data Processing from $216.00 to $223.00 and gave the stock a "hold" rating in a research report on Monday, July 6th. Finally, Guggenheim lifted their price objective on shares of Automatic Data Processing from $270.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $273.50.

Insider Buying and Selling

In related news, VP David Kwon sold 798 shares of Automatic Data Processing stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $280.00, for a total transaction of $223,440.00. Following the completion of the transaction, the vice president directly owned 13,193 shares in the company, valued at approximately $3,694,040. This trade represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Joseph Desilva sold 631 shares of Automatic Data Processing stock in a transaction that occurred 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 transaction, the vice president owned 18,824 shares of the company's stock, valued at approximately $5,324,744.88. This represents a 3.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 33,773 shares of company stock valued at $9,450,629 in the last three months. 0.15% of the stock is currently owned by insiders.

Automatic Data Processing Profile

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.

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