Automatic Data Processing, Inc. $ADP Shares Sold by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp has reduced its stake in Automatic Data Processing, Inc. by 47.9% to 5,063 shares, valued at approximately $1.55 million.
• Automatic Data Processing's recent quarterly earnings report showed an EPS of $2.26, beating expectations, with revenue of $5.13 billion.
• The company announced a quarterly dividend of $1.54 per share, resulting in an annualized yield of 2.1%, payable on October 1st, 2023.

Jones Financial Companies Lllp decreased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 47.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,063 shares of the business services provider's stock after selling 4,655 shares during the quarter. Jones Financial Companies Lllp's holdings in Automatic Data Processing were worth $1,547,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Activest Wealth Management increased its stake in Automatic Data Processing by 2,600.0% during the 1st 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 in the last quarter. Clarity Asset Management Inc. purchased a new stake in shares of Automatic Data Processing in the 1st quarter valued at $29,000. von Borstel & Associates Inc. purchased a new stake in shares of Automatic Data Processing in the 1st quarter valued at $30,000. Y.D. More Investments Ltd purchased a new stake in shares of Automatic Data Processing in the 1st quarter valued at $35,000. Finally, Abound Wealth Management boosted its holdings 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 valued at $36,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ADP. TD Securities upped their price objective on shares of Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a report on Wednesday, May 21st. UBS Group lowered their price target on shares of Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating on the stock in a report on Friday, June 13th. Mizuho increased their price target on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a report on Friday, June 13th. Stifel Nicolaus increased their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. Finally, BMO Capital Markets raised shares of Automatic Data Processing to a "hold" rating and set a $340.00 price target on the stock in a report on Thursday, July 10th. Two research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $317.00.

Automatic Data Processing Stock Performance

ADP opened at $293.50 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The company has a market cap of $118.88 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 2.73 and a beta of 0.82. Automatic Data Processing, Inc. has a 52-week low of $272.18 and a 52-week high of $329.93. The firm's fifty day simple moving average is $303.00 and its two-hundred day simple moving average is $304.67.

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 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 for the quarter, compared to the consensus estimate 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 was up 6.3% compared to the same quarter last year. During the same period 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. Equities 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be issued a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, September 12th. Automatic Data Processing's dividend payout ratio (DPR) is presently 61.72%.

Insider Buying and Selling at Automatic Data Processing

In other news, CEO Maria Black sold 23,605 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $298.32, for a total value of $7,041,843.60. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Don Mcguire sold 13,599 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were 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 $5,244,543.88. This trade represents a 43.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,516 shares of company stock valued at $15,632,410. Insiders own 0.21% 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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