Signal Advisors Wealth LLC Has $443,000 Holdings in Automatic Data Processing, Inc. $ADP

Key Points

• Signal Advisors Wealth LLC has reduced its stake in Automatic Data Processing, Inc. by 50.9%, now owning 1,435 shares valued at approximately $443,000.
• Insiders sold a total of 52,516 shares of the company's stock over the last 90 days, indicating a significant decrease in their ownership.
• Automatic Data Processing will pay a quarterly dividend of $1.54 per share on October 1st, representing an annual dividend yield of 2.1%.

Signal Advisors Wealth LLC trimmed its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 50.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,435 shares of the business services provider's stock after selling 1,490 shares during the period. Signal Advisors Wealth LLC's holdings in Automatic Data Processing were worth $443,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ADP. Brighton Jones LLC grew its position in Automatic Data Processing by 92.1% during the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider's stock worth $2,935,000 after purchasing an additional 4,808 shares in the last quarter. Bank Pictet & Cie Europe AG purchased a new position in Automatic Data Processing during the 4th quarter worth approximately $957,000. Bison Wealth LLC grew its position in Automatic Data Processing by 22.8% during the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider's stock worth $1,073,000 after purchasing an additional 681 shares in the last quarter. State of Wyoming grew its position in Automatic Data Processing by 26.1% during the 4th quarter. State of Wyoming now owns 449 shares of the business services provider's stock worth $131,000 after purchasing an additional 93 shares in the last quarter. Finally, Novem Group purchased a new position in Automatic Data Processing during the 4th quarter worth approximately $286,000. 80.03% of the stock is currently owned by institutional investors.

Automatic Data Processing Stock Up 0.5%

Shares of ADP traded up $1.47 during mid-day trading on Monday, hitting $293.47. 792,775 shares of the company's stock were exchanged, compared to its average volume of 1,733,138. The firm has a fifty day moving average of $301.38 and a two-hundred day moving average of $303.82. Automatic Data Processing, Inc. has a twelve month low of $272.18 and a twelve month high of $329.93. The stock has a market cap of $118.87 billion, a price-to-earnings ratio of 29.41, a P/E/G ratio of 2.67 and a beta of 0.82. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping the consensus estimate of $2.23 by $0.03. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the prior year, the business posted $2.09 EPS. Automatic Data Processing's quarterly revenue was up 6.3% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, sell-side analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current 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 paid a $1.54 dividend. The ex-dividend date is Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a yield of 2.1%. Automatic Data Processing's dividend payout ratio (DPR) is presently 61.72%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ADP shares. Dbs Bank upgraded shares of Automatic Data Processing to a "hold" rating in a research report on Thursday, August 21st. BMO Capital Markets raised shares of Automatic Data Processing to a "hold" rating and set a $340.00 target price for the company in a research note on Thursday, July 10th. Stifel Nicolaus lifted their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. Mizuho lifted their target price on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a research note on Friday, June 13th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $315.00 target price on shares of Automatic Data Processing in a research note on Thursday, June 5th. Two investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $314.73.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Joseph Desilva sold 4,614 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $1,368,373.98. Following the sale, the vice president directly owned 17,536 shares in the company, valued at $5,200,651.52. This trade represents a 20.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Maria Black sold 23,605 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer owned 76,161 shares in the company, valued at $22,720,349.52. This represents a 23.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,516 shares of company stock worth $15,632,410 in the last ninety days. 0.21% of the stock is owned by insiders.

Automatic Data Processing 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.