Automatic Data Processing, Inc. $ADP Shares Sold by Boston Trust Walden Corp

Key Points

• Boston Trust Walden Corp decreased its holdings in Automatic Data Processing, Inc. by 2.8%, owning about 497,530 shares after selling 14,462 shares in the second quarter.
• Automatic Data Processing recently declared a quarterly dividend of $1.54, resulting in an annualized dividend yield of 2.2%.
• Analysts have a consensus rating of "Hold" on Automatic Data Processing, with price targets recently adjusted, ranging from $305.00 to $340.00.

Boston Trust Walden Corp trimmed its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 497,530 shares of the business services provider's stock after selling 14,462 shares during the period. Automatic Data Processing accounts for about 1.1% of Boston Trust Walden Corp's investment portfolio, making the stock its 12th largest position. Boston Trust Walden Corp owned about 0.12% of Automatic Data Processing worth $153,438,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. AlphaCore Capital LLC acquired a new stake in shares of Automatic Data Processing during the 1st quarter worth about $688,000. Golden State Wealth Management LLC boosted its stake in shares of Automatic Data Processing by 29.6% during the 1st quarter. Golden State Wealth Management LLC now owns 565 shares of the business services provider's stock worth $173,000 after purchasing an additional 129 shares during the last quarter. Advisory Alpha LLC boosted its stake in shares of Automatic Data Processing by 130.2% during the 1st quarter. Advisory Alpha LLC now owns 4,416 shares of the business services provider's stock worth $1,349,000 after purchasing an additional 2,498 shares during the last quarter. Meiji Yasuda Life Insurance Co boosted its stake in shares of Automatic Data Processing by 4.4% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 32,478 shares of the business services provider's stock worth $9,923,000 after purchasing an additional 1,375 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of Automatic Data Processing during the 1st quarter worth about $39,906,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. Dbs Bank raised shares of Automatic Data Processing to a "hold" rating in a research note on Thursday, August 21st. Morgan Stanley raised their price target on shares of 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. Weiss Ratings reiterated a "buy (b)" rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. Finally, BMO Capital Markets upgraded shares of Automatic Data Processing to a "hold" rating and set a $340.00 price objective on the stock in a report on Thursday, July 10th. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $316.70.

Automatic Data Processing Trading Down 0.3%

NASDAQ ADP opened at $284.35 on Tuesday. Automatic Data Processing, Inc. has a one year low of $272.62 and a one year high of $329.93. The company's 50 day moving average price is $296.90 and its 200 day moving average price is $302.93. 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 capitalization of $115.19 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 2.61 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, beating the consensus estimate of $2.23 by $0.03. The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. Automatic Data Processing's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, sell-side analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were paid a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, September 12th. Automatic Data Processing's payout ratio is 61.72%.

Insiders Place Their Bets

In related news, VP Michael A. Bonarti sold 8,728 shares of Automatic Data Processing stock in a transaction on Tuesday, September 9th. The shares were 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 owned 80,531 shares in the company, valued at approximately $24,032,866.33. The trade was a 9.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Don Mcguire sold 13,599 shares of Automatic Data Processing stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $4,033,055.43. Following the completion of the sale, the vice president owned 17,684 shares of the company's stock, valued at approximately $5,244,543.88. This trade represents a 43.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,516 shares of company stock valued at $15,632,410. 0.20% of the stock is owned by insiders.

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.

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