Automatic Data Processing, Inc. $ADP Shares Sold by Segment Wealth Management LLC

Key Points

• Segment Wealth Management LLC reduced its position in Automatic Data Processing by 2.1%, now holding approximately 58,015 shares worth $17.89 million.
• Analysts have mixed opinions on ADP, with a consensus rating of "Hold" and an average price target of $316.70.
• In recent insider trading, VP Don Mcguire sold 13,599 shares, resulting in a 43.47% decrease in his ownership stake in the company.

Segment Wealth Management LLC lowered its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 2.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 58,015 shares of the business services provider's stock after selling 1,217 shares during the quarter. Automatic Data Processing comprises about 1.1% of Segment Wealth Management LLC's portfolio, making the stock its 24th largest position. Segment Wealth Management LLC's holdings in Automatic Data Processing were worth $17,892,000 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 lifted its holdings in shares of Automatic Data Processing by 0.7% in the 2nd quarter. Bangor Savings Bank now owns 4,907 shares of the business services provider's stock valued at $1,513,000 after buying an additional 34 shares during the period. Ameritas Advisory Services LLC lifted its holdings in shares of Automatic Data Processing by 2.1% in the 2nd quarter. Ameritas Advisory Services LLC now owns 1,629 shares of the business services provider's stock valued at $502,000 after buying an additional 34 shares during the period. Syntegra Private Wealth Group LLC lifted its holdings 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 valued at $238,000 after buying an additional 35 shares during the period. Transamerica Financial Advisors LLC lifted its holdings in shares of Automatic Data Processing by 1.0% in 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 during the period. Finally, Ashton Thomas Securities LLC lifted its holdings in shares of Automatic Data Processing by 4.1% in the 1st quarter. Ashton Thomas Securities LLC now owns 883 shares of the business services provider's stock valued at $270,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 80.03% of the company's stock.

Insiders Place Their Bets

In other news, VP Don Mcguire sold 13,599 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $4,033,055.43. Following the completion of the sale, the vice president directly owned 17,684 shares in the company, valued at $5,244,543.88. This represents a 43.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Michael A. Bonarti sold 8,728 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total value of $2,604,697.04. Following the completion of the sale, the vice president owned 80,531 shares of the company's stock, valued at $24,032,866.33. This trade represents a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,516 shares of company stock valued at $15,632,410. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ADP. Weiss Ratings reissued a "buy (b)" rating on shares of Automatic Data Processing in a report on Saturday, September 27th. Morgan Stanley upped their price target on Automatic Data Processing from $310.00 to $311.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. UBS Group reduced their price target on Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating for the company in a report on Wednesday, September 17th. BMO Capital Markets raised Automatic Data Processing to a "hold" rating and set a $340.00 price target for the company in a report on Thursday, July 10th. Finally, Dbs Bank raised Automatic Data Processing to a "hold" rating in a report on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $316.70.

Automatic Data Processing Price Performance

NASDAQ:ADP opened at $291.31 on Friday. Automatic Data Processing, Inc. has a 12 month low of $272.62 and a 12 month high of $329.93. The stock has a 50 day moving average of $299.08 and a two-hundred day moving average of $303.37. 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 firm has a market cap of $118.01 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 2.65 and a beta of 0.82.

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

Automatic Data Processing Announces Dividend

The business 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 was Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.1%. Automatic Data Processing's dividend payout ratio is 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.

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