Automatic Data Processing, Inc. $ADP Shares Sold by Stanley Laman Group Ltd.

Key Points

• Stanley Laman Group Ltd. decreased its stake in Automatic Data Processing, Inc. by 8.5%, owning 13,165 shares valued at approximately $4.06 million after selling 1,216 shares.
• The company reported earnings of $2.26 per share for the last quarter, beating analyst estimates, and had a revenue of $5.13 billion, which also exceeded expectations.
• Automatic Data Processing recently announced a quarterly dividend of $1.54 per share, representing a 2.2% yield, with a payout ratio of 61.72%.

Stanley Laman Group Ltd. cut its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 8.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,165 shares of the business services provider's stock after selling 1,216 shares during the period. Stanley Laman Group Ltd.'s holdings in Automatic Data Processing were worth $4,060,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ADP. Activest Wealth Management increased its holdings in 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 valued at $25,000 after purchasing an additional 78 shares during the last quarter. Harbor Asset Planning Inc. acquired a new position in Automatic Data Processing during the second quarter worth $26,000. Clarity Asset Management Inc. purchased a new position in shares of Automatic Data Processing during the first quarter worth $29,000. von Borstel & Associates Inc. acquired a new stake in shares of Automatic Data Processing in the first quarter valued at $30,000. Finally, Y.D. More Investments Ltd purchased a new stake in shares of Automatic Data Processing in the 1st quarter valued at $35,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Stock Up 0.4%

Shares of Automatic Data Processing stock opened at $281.27 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. Automatic Data Processing, Inc. has a 52-week low of $272.62 and a 52-week high of $329.93. The company has a market capitalization of $113.94 billion, a P/E ratio of 28.18, a P/E/G ratio of 2.57 and a beta of 0.82. The company has a 50 day moving average of $295.32 and a 200 day moving average of $302.34.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.03. The business 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 was up 6.3% on a year-over-year basis. During the same period last year, the business earned $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ADP. Morgan Stanley raised 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. 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 research report on Thursday, July 31st. 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 target price on the stock in a research note on Thursday, July 10th. Finally, UBS Group decreased 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 research report on Wednesday, September 17th. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $316.70.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Michael A. Bonarti sold 8,728 shares of the 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 transaction, the vice president directly owned 80,531 shares in the company, valued at $24,032,866.33. This represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Joseph Desilva sold 4,614 shares of the firm'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 transaction of $1,368,373.98. Following the sale, the vice president directly owned 17,536 shares in the company, valued at approximately $5,200,651.52. The trade was a 20.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,516 shares of company stock worth $15,632,410. Corporate insiders own 0.20% of the company's stock.

About Automatic Data Processing

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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