Focus Partners Advisor Solutions LLC Sells 1,209 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• Focus Partners Advisor Solutions LLC reduced its stake in Automatic Data Processing, Inc. by 10.3%, selling 1,209 shares and maintaining a total of 10,567 shares valued at approximately $3.26 million as of the latest SEC filing.
• Several institutional investors, including Jacobsen Capital Management and Bangor Savings Bank, have increased their holdings in ADP, indicating continued interest from large financiers in the company.
• ADP's recent quarterly earnings showed better-than-expected performance with $2.26 EPS and a revenue of $5.13 billion, significantly beating analyst estimates.

Focus Partners Advisor Solutions LLC trimmed its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 10.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,567 shares of the business services provider's stock after selling 1,209 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Automatic Data Processing were worth $3,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Jacobsen Capital Management raised its holdings in Automatic Data Processing by 3.8% in the 2nd quarter. Jacobsen Capital Management now owns 907 shares of the business services provider's stock worth $280,000 after purchasing an additional 33 shares during the period. Bangor Savings Bank raised its holdings in 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 worth $1,513,000 after purchasing an additional 34 shares during the period. Ameritas Advisory Services LLC increased its stake in 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 worth $502,000 after buying an additional 34 shares in the last quarter. Syntegra Private Wealth Group LLC increased its stake in 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 buying an additional 35 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its stake in 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 worth $1,030,000 after buying an additional 35 shares in the last quarter. 80.03% of the stock is owned by institutional investors.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP David Foskett sold 1,373 shares of the business'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 $407,190.61. Following the completion of the transaction, the vice president owned 11,781 shares in the company, valued at $3,493,891.17. The trade was a 10.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Don Mcguire sold 13,599 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $4,033,055.43. Following the transaction, the vice president owned 17,684 shares of the company's stock, valued at $5,244,543.88. This trade represents a 43.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,516 shares of company stock valued at $15,632,410 over the last ninety days. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ADP has been the subject of a number of analyst reports. Citigroup initiated coverage on Automatic Data Processing in a research note on Thursday. They issued a "neutral" rating and a $303.00 price target for the company. Dbs Bank upgraded Automatic Data Processing to a "hold" rating in a research note on Thursday, August 21st. Stifel Nicolaus increased their price target on Automatic Data Processing from $305.00 to $318.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. UBS Group cut their price target on Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating for the company in a research note on Wednesday, September 17th. Finally, Wells Fargo & Company started coverage on Automatic Data Processing in a research note on Wednesday. They issued an "underweight" rating and a $288.00 price target for the company. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $313.17.

Automatic Data Processing Trading Down 0.2%

Shares of Automatic Data Processing stock opened at $280.94 on Friday. The firm has a market cap of $113.81 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.57 and a beta of 0.82. The business has a 50-day moving average price of $293.36 and a 200-day moving average price of $302.22. 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 twelve month low of $272.62 and a twelve month high of $329.93.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued 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 firm had revenue of $5.13 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

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

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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