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

Boston Trust Walden Corp lessened its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 5.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 379,653 shares of the business services provider's stock after selling 21,626 shares during the quarter. Automatic Data Processing accounts for about 0.8% of Boston Trust Walden Corp's holdings, making the stock its 25th biggest holding. Boston Trust Walden Corp owned approximately 0.10% of Automatic Data Processing worth $97,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in ADP. BlackRock Inc. purchased a new position in shares of Automatic Data Processing during the 2nd quarter worth approximately $8,097,229,000. Bank of America Corp DE purchased a new stake in Automatic Data Processing in the second quarter valued at approximately $1,231,175,000. Deutsche Bank AG purchased a new stake in Automatic Data Processing in the second quarter valued at approximately $994,937,000. Bank of New York Mellon Corp acquired a new position in Automatic Data Processing during the second quarter worth $725,513,000. Finally, Legal & General Group Plc acquired a new position in Automatic Data Processing during the second quarter worth $562,425,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Price Performance

ADP stock opened at $303.54 on Thursday. The business's 50-day moving average is $278.29 and its two-hundred day moving average is $241.44. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.03 and a quick ratio of 1.05. The firm has a market capitalization of $119.83 billion, a P/E ratio of 26.91, a P/E/G ratio of 2.66 and a beta of 0.77. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $309.40.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The business services provider reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.77 by $0.05. Automatic Data Processing had a return on equity of 77.01% and a net margin of 20.33%. The business had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the company posted $2.49 earnings per share. The business's revenue for the quarter was up 6.1% on a year-over-year basis. Analysts anticipate that Automatic Data Processing, Inc. will post 12.38 earnings per share for the current fiscal year.

Key Headlines Impacting Automatic Data Processing

Here are the key news stories impacting Automatic Data Processing this week:

• Positive Sentiment: ADP’s October National Employment Report showed private employers added 86,000 jobs, above the 69,000 estimate. The result points to continued hiring, although it was slightly below September’s 90,000. October private-sector hiring report
• Positive Sentiment: Broader market coverage cited a rally as uncertainty surrounding the U.S. midterm elections eased, providing a potentially supportive backdrop for ADP shares. Market rally article
• Neutral Sentiment: ADP announced finalists for its 2027 HCM Distinction Awards, highlighting industry recognition but offering no clear near-term financial catalyst. HCM award finalists announcement
• Negative Sentiment: Vice President Michael Bonarti sold 7,487 shares worth about $2.25 million. The sale was made under a pre-arranged Rule 10b5-1 plan, which makes it a less direct bearish signal, but insider selling can still draw investor attention. Insider sale report

Analysts Set New Price Targets

Several research firms have recently commented on ADP. Wells Fargo & Company raised their price target on Automatic Data Processing from $248.00 to $283.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 30th. UBS Group boosted their price objective on Automatic Data Processing from $260.00 to $270.00 and gave the company a "neutral" rating in a report on Wednesday, July 22nd. Royal Bank Of Canada reissued a "sector perform" rating and issued a $290.00 price target on shares of Automatic Data Processing in a research report on Thursday, October 29th. Guggenheim restated a "buy" rating and issued a $340.00 price target on shares of Automatic Data Processing in a research note on Thursday, October 29th. Finally, Stifel Nicolaus upped their price objective on Automatic Data Processing from $285.00 to $305.00 and gave the stock a "hold" rating in a research report on Thursday, October 29th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Automatic Data Processing has a consensus rating of "Hold" and a consensus price target of $285.00.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, CEO Maria Black sold 29,810 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $280.91, for a total transaction of $8,373,927.10. Following the completion of the transaction, the chief executive officer owned 80,624 shares in the company, valued at $22,648,087.84. The trade was a 26.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Joseph Desilva sold 631 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $282.87, for a total transaction of $178,490.97. Following the completion of the sale, the vice president directly owned 18,824 shares in the company, 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 have sold 41,773 shares of company stock valued at $11,915,182 over the last quarter. Insiders own 0.15% of the company's stock.

About Automatic Data Processing

Automatic Data Processing, Inc NASDAQ: ADP is a global provider of human capital management and business outsourcing solutions. The company helps employers manage payroll, human resources, workforce administration, benefits, tax compliance, time and attendance, talent management, and related employment processes.

ADP offers cloud-based platforms and services designed for businesses of various sizes, from small enterprises to large organizations. Its portfolio includes payroll processing, human resources management, employee benefits administration, retirement services, workforce management, data analytics, and professional employer organization services through ADP TotalSource.

Founded in 1949, ADP serves businesses in the United States and international markets.

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