Automatic Data Processing, Inc. $ADP Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL reduced its holdings in Automatic Data Processing, Inc. by 1.8%, owning 254,106 shares after selling 4,713 shares during the second quarter.
• Automatic Data Processing reported $2.26 earnings per share (EPS) for the quarter, surpassing analyst estimates, alongside revenue of $5.13 billion, a 6.3% year-over-year increase.
• The company declared a quarterly dividend of $1.54 per share, resulting in an annualized dividend yield of 2.1% for shareholders.

Blair William & Co. IL reduced its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,106 shares of the business services provider's stock after selling 4,713 shares during the quarter. Blair William & Co. IL owned 0.06% of Automatic Data Processing worth $78,366,000 at the end of the most recent quarter.

Other large investors have also 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% during the first quarter. Activest Wealth Management now owns 81 shares of the business services provider's stock valued at $25,000 after purchasing an additional 78 shares during the last quarter. Clarity Asset Management Inc. acquired a new stake in Automatic Data Processing during the 1st quarter worth about $29,000. von Borstel & Associates Inc. purchased a new stake in Automatic Data Processing during the first quarter valued at about $30,000. Y.D. More Investments Ltd acquired a new position in shares of Automatic Data Processing in the first quarter worth about $35,000. Finally, Abound Wealth Management boosted its holdings in shares of Automatic Data Processing by 58.1% in the first quarter. Abound Wealth Management now owns 117 shares of the business services provider's stock worth $36,000 after buying an additional 43 shares during the period. 80.03% of the stock is currently owned by institutional investors.

Automatic Data Processing Stock Performance

Shares of NASDAQ ADP opened at $290.70 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. Automatic Data Processing, Inc. has a one year low of $272.62 and a one year high of $329.93. The business's 50-day moving average price is $298.04 and its two-hundred day moving average price is $303.25. The company has a market capitalization of $117.76 billion, a P/E ratio of 29.13, a price-to-earnings-growth ratio of 2.68 and a beta of 0.82.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.03. The business had revenue of $5.13 billion during 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 revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were paid a dividend of $1.54 per share. The ex-dividend date was Friday, September 12th. This represents a $6.16 annualized dividend and a dividend yield of 2.1%. Automatic Data Processing's dividend payout ratio is 61.72%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. UBS Group reduced their price target on shares of Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating for the company in a research report on Wednesday, September 17th. Mizuho boosted 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Automatic Data Processing in a research report on Wednesday. BMO Capital Markets upgraded Automatic Data Processing to a "hold" rating and set a $340.00 price target on the stock in a report on Thursday, July 10th. Finally, Dbs Bank raised Automatic Data Processing to a "hold" rating in a research note on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $316.70.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP David Foskett sold 1,373 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $407,190.61. Following the transaction, the vice president directly owned 11,781 shares of the company's stock, valued at $3,493,891.17. This represents a 10.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Michael A. Bonarti sold 8,728 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total value of $2,604,697.04. Following the completion of the sale, the vice president directly owned 80,531 shares of the company's stock, valued at $24,032,866.33. This represents a 9.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,516 shares of company stock worth $15,632,410 in the last ninety days. Company insiders own 0.20% of the company's stock.

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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