International Assets Investment Management LLC Sells 1,766 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• International Assets Investment Management LLC reduced its holdings in Automatic Data Processing, Inc. by 35.1%, selling 1,766 shares during the second quarter, leaving them with 3,270 shares valued at approximately $1,008,000.
• Insider transactions included VP Christopher D'ambrosio and VP Michael A. Bonarti selling shares, resulting in a 5.36% and 9.78% decrease in their positions, respectively.
• ADP reported a quarterly revenue of $5.13 billion, exceeding analyst expectations, with a 6.3% increase compared to the same quarter last year.

International Assets Investment Management LLC reduced its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 35.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,270 shares of the business services provider's stock after selling 1,766 shares during the quarter. International Assets Investment Management LLC's holdings in Automatic Data Processing were worth $1,008,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ADP. Activest Wealth Management boosted its holdings in shares of 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 worth $25,000 after purchasing an additional 78 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of Automatic Data Processing in the 2nd quarter worth about $26,000. Clarity Asset Management Inc. purchased a new position in shares of Automatic Data Processing in the 1st quarter worth about $29,000. von Borstel & Associates Inc. purchased a new position in shares of Automatic Data Processing in the 1st quarter worth about $30,000. Finally, Y.D. More Investments Ltd purchased a new position in shares of Automatic Data Processing in the 1st quarter worth about $35,000. 80.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Christopher D'ambrosio sold 597 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total value of $177,249.30. Following the completion of the sale, the vice president owned 10,541 shares in the company, valued at approximately $3,129,622.90. This trade represents a 5.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Michael A. Bonarti sold 8,728 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was 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 approximately $24,032,866.33. This trade represents a 9.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,516 shares of company stock worth $15,632,410. Insiders own 0.20% of the company's stock.

Automatic Data Processing Trading Up 0.6%

Shares of ADP stock opened at $283.03 on Tuesday. The stock has a market capitalization of $114.65 billion, a PE ratio of 28.36, a P/E/G ratio of 2.58 and a beta of 0.82. Automatic Data Processing, Inc. has a 1-year low of $272.62 and a 1-year high of $329.93. The business has a 50-day moving average of $294.91 and a 200 day moving average of $302.26. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.03. The company had revenue of $5.13 billion during the quarter, compared to analysts' expectations of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.Automatic Data Processing's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, sell-side analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ADP. Morgan Stanley upped their price objective 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. Dbs Bank upgraded Automatic Data Processing to a "hold" rating in a report on Thursday, August 21st. Stifel Nicolaus upped their price objective on Automatic Data Processing from $305.00 to $318.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. UBS Group cut their price objective 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. Finally, BMO Capital Markets upgraded Automatic Data Processing to a "hold" rating and set a $340.00 price objective for the company in a report on Thursday, July 10th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Automatic Data Processing presently has a consensus rating of "Hold" and an average price target of $316.70.

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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