J. Safra Sarasin Holding AG Sells 1,978 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• J. Safra Sarasin Holding AG sold 1,978 shares of Automatic Data Processing, Inc. in the 2nd quarter, reducing their holdings by 0.8%, now owning a total of 241,452 shares.
• Insiders at Automatic Data Processing have recently sold significant volumes of stock, with VP Joseph Desilva selling 4,614 shares, reflecting a 20.83% decrease in his position.
• The company announced a quarterly dividend of $1.54 per share, representing a 2.1% dividend yield, with the annual payout projected at $6.16.

J. Safra Sarasin Holding AG decreased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 241,452 shares of the business services provider's stock after selling 1,978 shares during the period. Automatic Data Processing makes up 1.3% of J. Safra Sarasin Holding AG's holdings, making the stock its 20th largest position. J. Safra Sarasin Holding AG owned 0.06% of Automatic Data Processing worth $74,464,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Automatic Data Processing by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 40,949,884 shares of the business services provider's stock valued at $12,511,418,000 after acquiring an additional 218,614 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Automatic Data Processing by 15.7% during the 1st quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider's stock valued at $1,348,805,000 after acquiring an additional 601,400 shares during the last quarter. Invesco Ltd. raised its position in shares of Automatic Data Processing by 3.7% during the 1st quarter. Invesco Ltd. now owns 4,031,713 shares of the business services provider's stock valued at $1,231,809,000 after acquiring an additional 145,161 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Automatic Data Processing by 2.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,848,307 shares of the business services provider's stock valued at $1,175,773,000 after acquiring an additional 77,296 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Automatic Data Processing by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider's stock valued at $934,647,000 after buying an additional 564,187 shares in the last quarter. Institutional investors own 80.03% of the company's stock.

Insider Activity at Automatic Data Processing

In other news, VP Joseph Desilva sold 4,614 shares of the 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 directly 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 filing with the SEC, which is available at the SEC website. Also, VP David Foskett sold 1,373 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $407,190.61. Following the transaction, the vice president owned 11,781 shares of the company's stock, valued at approximately $3,493,891.17. This represents a 10.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,516 shares of company stock worth $15,632,410. Corporate insiders own 0.20% of the company's stock.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $291.61 on Thursday. The firm has a market cap of $118.13 billion, a PE ratio of 29.22, a PEG ratio of 2.69 and a beta of 0.82. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. Automatic Data Processing, Inc. has a 1-year low of $272.62 and a 1-year high of $329.93. The company has a fifty day moving average price of $299.76 and a 200 day moving average price of $303.45.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, topping 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 net margin of 19.84% and a return on equity of 72.84%. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share 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 paid a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, September 12th. Automatic Data Processing's dividend payout ratio is currently 61.72%.

Analysts Set New Price Targets

A number of research firms recently commented on ADP. Royal Bank Of Canada restated a "sector perform" rating and issued a $315.00 price objective on shares of Automatic Data Processing in a research report on Thursday, June 5th. UBS Group lowered their price objective 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. Stifel Nicolaus upped their price objective on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. Morgan Stanley upped their price objective on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Finally, BMO Capital Markets upgraded shares of Automatic Data Processing to a "hold" rating and set a $340.00 price objective for the company in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Automatic Data Processing currently has an average 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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