Automatic Data Processing, Inc. $ADP Shares Sold by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC reduced its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 8.1%, selling 2,841 shares in the first quarter, bringing their total to 32,387 shares valued at approximately $9.9 million.
• Automatic Data Processing reported earnings of $2.26 per share for the last quarter, exceeding expectations, with a revenue of $5.13 billion and a year-over-year growth of 6.3%.
• The company announced a quarterly dividend of $1.54 per share, with the ex-dividend date set for September 12, representing an annualized yield of 2.0%.

Kestra Advisory Services LLC lessened its position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 8.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,387 shares of the business services provider's stock after selling 2,841 shares during the quarter. Kestra Advisory Services LLC's holdings in Automatic Data Processing were worth $9,895,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Kelly Lawrence W & Associates Inc. CA purchased a new position in Automatic Data Processing in the 1st quarter worth about $47,000. 1832 Asset Management L.P. increased its stake in Automatic Data Processing by 3.2% in the 1st quarter. 1832 Asset Management L.P. now owns 43,512 shares of the business services provider's stock worth $13,294,000 after buying an additional 1,343 shares during the period. Compound Planning Inc. increased its stake in Automatic Data Processing by 21.8% in the 1st quarter. Compound Planning Inc. now owns 4,642 shares of the business services provider's stock worth $1,418,000 after buying an additional 831 shares during the period. Ameriprise Financial Inc. increased its stake in Automatic Data Processing by 15.7% in the 1st quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider's stock worth $1,348,805,000 after buying an additional 601,400 shares during the period. Finally, Norinchukin Bank The increased its stake in Automatic Data Processing by 42.7% in the 1st quarter. Norinchukin Bank The now owns 35,900 shares of the business services provider's stock worth $10,969,000 after buying an additional 10,750 shares during the period. Institutional investors own 80.03% of the company's stock.

Automatic Data Processing Stock Up 0.3%

Shares of Automatic Data Processing stock traded up $1.01 on Thursday, reaching $304.10. The stock had a trading volume of 1,488,185 shares, compared to its average volume of 1,725,914. The company has a 50 day moving average price of $304.86 and a 200 day moving average price of $305.56. The stock has a market capitalization of $123.17 billion, a P/E ratio of 30.47, a P/E/G ratio of 2.78 and a beta of 0.81. 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 1 year low of $267.79 and a 1 year high of $329.93.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.23 by $0.03. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The company had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same quarter last year, the business posted $2.09 EPS. The firm's quarterly revenue 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 research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be paid a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, September 12th. Automatic Data Processing's payout ratio is presently 61.72%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Dbs Bank raised shares of Automatic Data Processing to a "hold" rating in a research note on Thursday, August 21st. UBS Group cut their target price on shares of Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating on the stock in a research report on Friday, June 13th. TD Securities raised their target price on shares of Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a research report on Wednesday, May 21st. Mizuho raised their target price on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a research report on Friday, June 13th. Finally, Stifel Nicolaus raised their target price 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. Two investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $317.00.

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.