Automatic Data Processing, Inc. $ADP Shares Acquired by ST Germain D J Co. Inc.

Key Points

• ST Germain D J Co. Inc. increased its stake in Automatic Data Processing, Inc. by 15.9% during the second quarter, owning a total of 15,337 shares valued at approximately $4.73 million.
• Recent insider trading saw VP David Foskett and VP Joseph Desilva selling shares, with sales totaling over $1.77 million combined, resulting in a significant decrease in their ownership percentages.
• Automatic Data Processing recently announced a quarterly dividend of $1.54 per share, representing an annualized dividend yield of 2.1%, to be paid on October 1st to shareholders of record as of September 12th.

ST Germain D J Co. Inc. lifted its position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 15.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,337 shares of the business services provider's stock after purchasing an additional 2,099 shares during the quarter. ST Germain D J Co. Inc.'s holdings in Automatic Data Processing were worth $4,730,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ADP. Beaumont Financial Advisors LLC increased its holdings in Automatic Data Processing by 4.0% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 3,751 shares of the business services provider's stock worth $1,157,000 after buying an additional 145 shares during the period. Five Oceans Advisors purchased a new stake in shares of Automatic Data Processing in the 2nd quarter valued at $243,000. Patron Partners LLC boosted its holdings in shares of Automatic Data Processing by 3.9% in the 2nd quarter. Patron Partners LLC now owns 3,275 shares of the business services provider's stock valued at $1,010,000 after acquiring an additional 122 shares during the last quarter. BankPlus Wealth Management LLC increased its stake in shares of Automatic Data Processing by 3.6% in the second quarter. BankPlus Wealth Management LLC now owns 2,985 shares of the business services provider's stock worth $921,000 after acquiring an additional 104 shares during the period. Finally, FORM Wealth Advisors LLC raised its holdings in shares of Automatic Data Processing by 4.5% during the second quarter. FORM Wealth Advisors LLC now owns 836 shares of the business services provider's stock worth $258,000 after purchasing an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company's stock.

Insider Buying and Selling at Automatic Data Processing

In related news, VP David Foskett sold 1,373 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $407,190.61. Following the completion of the sale, the vice president owned 11,781 shares of the company's stock, valued at approximately $3,493,891.17. This represents a 10.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Joseph Desilva sold 4,614 shares of Automatic Data Processing stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $1,368,373.98. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,516 shares of company stock worth $15,632,410. Corporate insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

ADP has been the topic of several recent research reports. Mizuho upped their price target on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a report on Friday, June 13th. Morgan Stanley upped their target price 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. BMO Capital Markets raised Automatic Data Processing to a "hold" rating and set a $340.00 target price on the stock in a report on Thursday, July 10th. Dbs Bank upgraded Automatic Data Processing to a "hold" rating in a research report on Thursday, August 21st. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $315.00 price objective on shares of Automatic Data Processing in a research report on Thursday, June 5th. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $316.70.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $288.89 on Friday. The stock has a market capitalization of $117.01 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 2.67 and a beta of 0.82. The stock has a 50-day moving average of $300.57 and a 200 day moving average of $303.44. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. Automatic Data Processing, Inc. has a twelve month low of $272.18 and a twelve month high of $329.93.

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, beating analysts' consensus estimates of $2.23 by $0.03. The business had revenue of $5.13 billion during the quarter, compared to analysts' expectations of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The business's revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Sell-side analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be paid a $1.54 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.1%. Automatic Data Processing's dividend payout ratio (DPR) is 61.72%.

Automatic Data Processing Company 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.

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