Automatic Data Processing, Inc. $ADP Shares Sold by Hamilton Point Investment Advisors LLC

Key Points

• Hamilton Point Investment Advisors LLC decreased its stake in Automatic Data Processing, Inc. by 5.2% during Q2, owning 39,635 shares valued at approximately $12.28 million, making ADP their 11th largest holding.
• CEO Maria Black sold 23,605 shares at an average price of $298.32, resulting in a 23.66% decrease in her ownership, while insider sales totaled 52,516 shares in the last 90 days.
• Automatic Data Processing, Inc. reported earnings of $2.26 per share for the last quarter, beating estimates and reflecting a 6.3% year-over-year revenue increase, while also announcing a quarterly dividend of $1.54.

Hamilton Point Investment Advisors LLC decreased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 5.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,635 shares of the business services provider's stock after selling 2,159 shares during the period. Automatic Data Processing accounts for about 2.0% of Hamilton Point Investment Advisors LLC's investment portfolio, making the stock its 11th largest holding. Hamilton Point Investment Advisors LLC's holdings in Automatic Data Processing were worth $12,284,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management grew its stake in shares of Automatic Data Processing by 2,600.0% in the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider's stock worth $25,000 after purchasing an additional 78 shares during the last quarter. Clarity Asset Management Inc. acquired a new position in shares of Automatic Data Processing in the 1st quarter worth approximately $29,000. von Borstel & Associates Inc. acquired a new position in shares of Automatic Data Processing in the 1st quarter worth approximately $30,000. Y.D. More Investments Ltd acquired a new position in shares of Automatic Data Processing in the 1st quarter worth approximately $35,000. Finally, Abound Wealth Management grew its stake in shares of Automatic Data Processing by 58.1% in the 1st quarter. Abound Wealth Management now owns 117 shares of the business services provider's stock worth $36,000 after purchasing an additional 43 shares during the last quarter. 80.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Maria Black sold 23,605 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the completion of the transaction, the chief executive officer directly owned 76,161 shares in the company, valued at $22,720,349.52. This represents a 23.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Joseph Desilva sold 4,614 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $1,368,373.98. Following the transaction, the vice president owned 17,536 shares of the company's stock, valued at approximately $5,200,651.52. The trade was 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 valued at $15,632,410. 0.20% of the stock is owned by corporate insiders.

Automatic Data Processing Price Performance

Shares of ADP opened at $284.35 on Tuesday. The firm has a market cap of $115.19 billion, a PE ratio of 28.49, a PEG ratio of 2.61 and a beta of 0.82. The firm'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. Automatic Data Processing, Inc. has a twelve month low of $272.62 and a twelve month high of $329.93.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 earnings per share 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%. The company's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, research analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

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

Analysts Set New Price Targets

Several research firms have issued reports on ADP. Weiss Ratings restated a "buy (b)" rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. BMO Capital Markets raised shares of Automatic Data Processing to a "hold" rating and set a $340.00 price objective for the company in a research note on Thursday, July 10th. Dbs Bank raised shares of Automatic Data Processing to a "hold" rating in a research note on Thursday, August 21st. Stifel Nicolaus upped their target price on Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Finally, Morgan Stanley upped their target price on Automatic Data Processing from $310.00 to $311.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Automatic Data Processing presently has a consensus rating of "Hold" and a consensus target price of $316.70.

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.

Want to see what other hedge funds are holding ADP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.