Fifth Third Bancorp Sells 5,532 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• Fifth Third Bancorp reduced its stake in Automatic Data Processing, Inc. (ADP) by 1.8%, selling 5,532 shares and retaining 307,748 shares valued at approximately $94.9 million.
• In a recent insider trading move, ADP's VP Joseph Desilva and CEO Maria Black sold 4,614 and 23,605 shares respectively, indicating a 20.83% and 23.66% decrease in their positions.
• ADP will pay a quarterly dividend of $1.54 per share on October 1st, contributing to an annualized dividend yield of 2.1%.

Fifth Third Bancorp lessened its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 1.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 307,748 shares of the business services provider's stock after selling 5,532 shares during the period. Fifth Third Bancorp owned about 0.08% of Automatic Data Processing worth $94,909,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Bangor Savings Bank increased its holdings in Automatic Data Processing by 0.7% during the second 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. Syntegra Private Wealth Group LLC increased its holdings in Automatic Data Processing by 4.7% during the first 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 increased its holdings in Automatic Data Processing by 1.0% during the first 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. Ashton Thomas Securities LLC increased its holdings in Automatic Data Processing by 4.1% during the first 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. Finally, CBIZ Investment Advisory Services LLC increased its holdings in Automatic Data Processing by 36.1% during the first quarter. CBIZ Investment Advisory Services LLC now owns 132 shares of the business services provider's stock valued at $41,000 after buying an additional 35 shares during the period. 80.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, 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 transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Maria Black sold 23,605 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the transaction, the chief executive officer owned 76,161 shares of the company's stock, valued at approximately $22,720,349.52. This trade represents a 23.66% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,516 shares of company stock worth $15,632,410. Company insiders own 0.21% of the company's stock.

Automatic Data Processing Trading Down 1.5%

ADP stock opened at $289.21 on Wednesday. The company's 50-day simple moving average is $301.01 and its 200-day simple moving average is $303.63. 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 $272.18 and a 52-week high of $329.93. The firm has a market cap of $117.14 billion, a P/E ratio of 28.98, a PEG ratio of 2.69 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its 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 business had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same period in the prior year, the company posted $2.09 EPS. The company's revenue for the quarter 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. As a group, equities analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

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

Wall Street Analyst Weigh In

ADP has been the topic of several research reports. Dbs Bank raised shares of Automatic Data Processing to a "hold" rating in a report on Thursday, August 21st. 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. UBS Group cut their price target on shares of Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating on the stock in a report on Wednesday, September 17th. Mizuho lifted 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. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $315.00 price target on shares of Automatic Data Processing in a report on Thursday, June 5th. Two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $314.73.

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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