Automatic Data Processing, Inc. $ADP Shares Sold by Natural Investments LLC

Key Points

• Natural Investments LLC reduced its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 23.6%, selling 1,179 shares and holding a total of 3,816 shares valued at approximately $1.17 million at the end of the last quarter.
• Several institutional investors made significant changes in their positions during the first quarter, with Nuveen LLC acquiring a stake worth about $661.77 million and Mackenzie Financial Corp increasing its holdings by 128.1%.
• Automatic Data Processing recently announced a quarterly dividend of $1.54, bringing its annualized dividend yield to 2.2%, with a payout ratio currently at 61.72%.

Natural Investments LLC lowered its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 23.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,816 shares of the business services provider's stock after selling 1,179 shares during the quarter. Natural Investments LLC's holdings in Automatic Data Processing were worth $1,176,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ADP. Nuveen LLC acquired a new stake in Automatic Data Processing in the first quarter worth about $661,771,000. Mackenzie Financial Corp lifted its holdings in Automatic Data Processing by 128.1% in the first quarter. Mackenzie Financial Corp now owns 1,585,704 shares of the business services provider's stock worth $484,480,000 after purchasing an additional 890,440 shares during the period. Ameriprise Financial Inc. lifted its holdings in Automatic Data Processing by 15.7% in the first quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider's stock worth $1,348,805,000 after purchasing an additional 601,400 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Automatic Data Processing by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider's stock worth $934,647,000 after purchasing an additional 564,187 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Automatic Data Processing by 110.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 608,997 shares of the business services provider's stock worth $186,067,000 after purchasing an additional 319,132 shares during the period. Institutional investors and hedge funds own 80.03% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on ADP. Mizuho upped their price objective 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 upped their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Morgan Stanley upped their price target on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Dbs Bank raised shares of Automatic Data Processing to a "hold" rating in a report on Thursday, August 21st. Finally, UBS Group cut 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 report on Wednesday, September 17th. Three equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $316.70.

Insider Buying and Selling

In other news, VP David Foskett sold 1,373 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $407,190.61. Following the transaction, the vice president owned 11,781 shares in the company, valued at $3,493,891.17. This represents a 10.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Joseph Desilva sold 4,614 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $1,368,373.98. Following the completion of the transaction, the vice president owned 17,536 shares in the company, valued at $5,200,651.52. This represents a 20.83% 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 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

Automatic Data Processing Price Performance

NASDAQ ADP opened at $285.19 on Friday. The stock's 50-day moving average price is $297.26 and its two-hundred day moving average price is $303.06. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The company has a market cap of $115.53 billion, a PE ratio of 28.58, a PEG ratio of 2.62 and a beta of 0.82. Automatic Data Processing, Inc. has a 1 year low of $272.62 and a 1 year high of $329.93.

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, topping the consensus estimate of $2.23 by $0.03. The firm had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The business's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter 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. On average, analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were issued a $1.54 dividend. The ex-dividend date 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 is currently 61.72%.

Automatic Data Processing 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.

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.