Rockland Trust Co. Has $11.91 Million Stake in Automatic Data Processing, Inc. $ADP

Key Points

• Rockland Trust Co. decreased its stake in Automatic Data Processing, Inc. by 44.7%, selling 31,244 shares during the 2nd quarter, leaving it with 38,629 shares valued at approximately $11.9 million.
• Automatic Data Processing reported a net margin of 19.84% and a year-over-year revenue increase of 6.3%, with earnings per share reaching $2.26, slightly surpassing analysts' expectations.
• The company's latest quarterly dividend was announced at $1.54 per share, representing a yield of 2.1% and a payout ratio of 61.72%.

Rockland Trust Co. reduced its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 44.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,629 shares of the business services provider's stock after selling 31,244 shares during the period. Rockland Trust Co.'s holdings in Automatic Data Processing were worth $11,913,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bangor Savings Bank boosted its holdings in Automatic Data Processing by 0.7% during the 2nd quarter. Bangor Savings Bank now owns 4,907 shares of the business services provider's stock valued at $1,513,000 after acquiring an additional 34 shares during the period. Syntegra Private Wealth Group LLC raised its position in shares of Automatic Data Processing by 4.7% in the 1st quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider's stock worth $238,000 after acquiring an additional 35 shares in the last quarter. Transamerica Financial Advisors LLC increased its position in Automatic Data Processing by 1.0% during the 1st quarter. Transamerica Financial Advisors LLC now owns 3,371 shares of the business services provider's stock valued at $1,030,000 after buying an additional 35 shares in the last quarter. Ashton Thomas Securities LLC increased its holdings in shares of Automatic Data Processing by 4.1% in the first quarter. Ashton Thomas Securities LLC now owns 883 shares of the business services provider's stock valued at $270,000 after purchasing an additional 35 shares during the period. Finally, CBIZ Investment Advisory Services LLC boosted its stake in shares of Automatic Data Processing by 36.1% in the first quarter. CBIZ Investment Advisory Services LLC now owns 132 shares of the business services provider's stock worth $41,000 after buying an additional 35 shares during the last quarter. Institutional investors own 80.03% of the company's stock.

Automatic Data Processing Stock Performance

Shares of ADP traded up $1.66 during mid-day trading on Monday, reaching $293.66. 2,134,587 shares of the company's stock traded hands, compared to its average volume of 1,719,206. Automatic Data Processing, Inc. has a 12 month low of $272.18 and a 12 month high of $329.93. 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 stock has a market capitalization of $118.94 billion, a P/E ratio of 29.42, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82. The business's 50-day moving average price is $301.19 and its 200-day moving average price is $303.73.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.03. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the previous year, the business posted $2.09 earnings per share. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be paid a $1.54 dividend. This represents a $6.16 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, September 12th. Automatic Data Processing's payout ratio is presently 61.72%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ADP. Royal Bank Of Canada restated a "sector perform" rating and issued a $315.00 target price on shares of Automatic Data Processing in a research report on Thursday, June 5th. Stifel Nicolaus lifted 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. Morgan Stanley boosted 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. BMO Capital Markets upgraded Automatic Data Processing to a "hold" rating and set a $340.00 target price on the stock in a research report on Thursday, July 10th. Finally, Mizuho upped their target price on Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a research note on Friday, June 13th. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $314.73.

Insider Activity at Automatic Data Processing

In other news, VP Michael A. Bonarti sold 8,728 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Joseph Desilva sold 4,614 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 transaction of $1,368,373.98. Following the sale, the vice president directly owned 17,536 shares in the company, valued at $5,200,651.52. This represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,516 shares of company stock worth $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.