Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Decreases Stake in Automatic Data Processing, Inc. $ADP

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its stake in Automatic Data Processing, Inc. (ADP) by 0.4%, owning 637,972 shares valued at approximately $196.75 million as of the latest SEC filing.
• Automatic Data Processing reported earnings of $2.26 per share for the recent quarter, exceeding analysts' expectations of $2.23, along with a revenue increase of 6.3% year-over-year.
• The company announced a quarterly dividend of $1.54 per share, providing a dividend yield of 2.2% and a payout ratio of 61.72% for its investors.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 637,972 shares of the business services provider's stock after selling 2,505 shares during the quarter. Automatic Data Processing comprises about 1.7% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings, making the stock its 21st biggest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 0.16% of Automatic Data Processing worth $196,751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Bleakley Financial Group LLC raised its position in Automatic Data Processing by 1.6% in the 2nd quarter. Bleakley Financial Group LLC now owns 13,827 shares of the business services provider's stock valued at $4,264,000 after purchasing an additional 213 shares during the last quarter. Freedom Investment Management Inc. grew its stake in shares of Automatic Data Processing by 4.7% during the 2nd quarter. Freedom Investment Management Inc. now owns 2,301 shares of the business services provider's stock worth $709,000 after purchasing an additional 103 shares during the period. Forum Financial Management LP grew its stake in shares of Automatic Data Processing by 4.9% during the 2nd quarter. Forum Financial Management LP now owns 5,358 shares of the business services provider's stock worth $1,653,000 after purchasing an additional 251 shares during the period. Ethic Inc. grew its stake in shares of Automatic Data Processing by 1.4% during the 2nd quarter. Ethic Inc. now owns 75,710 shares of the business services provider's stock worth $22,974,000 after purchasing an additional 1,067 shares during the period. Finally, Caliber Wealth Management LLC KS grew its stake in Automatic Data Processing by 2.5% in the 2nd quarter. Caliber Wealth Management LLC KS now owns 3,115 shares of the business services provider's stock valued at $961,000 after acquiring an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company's stock.

Automatic Data Processing Stock Performance

Shares of ADP opened at $283.95 on Thursday. Automatic Data Processing, Inc. has a 1 year low of $272.62 and a 1 year high of $329.93. The company has a market cap of $115.03 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 2.60 and a beta of 0.82. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a fifty day moving average of $294.18 and a 200-day moving average of $302.01.

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. 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 analysts' expectations of $5.05 billion. During the same period in the previous year, the business earned $2.09 earnings per share. The company's 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 analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors 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 2.2%. The ex-dividend date was Friday, September 12th. Automatic Data Processing's payout ratio is currently 61.72%.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Christopher D'ambrosio sold 597 shares of the business's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total value of $177,249.30. Following the sale, the vice president directly owned 10,541 shares in the company, valued at approximately $3,129,622.90. The trade was a 5.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Don Mcguire sold 13,599 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $4,033,055.43. Following the completion of the sale, the vice president owned 17,684 shares in the company, valued at approximately $5,244,543.88. This trade represents a 43.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,516 shares of company stock valued at $15,632,410. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ADP shares. Weiss Ratings reissued a "buy (b)" rating on shares of Automatic Data Processing in a research note on Wednesday, October 8th. Wells Fargo & Company began coverage on shares of Automatic Data Processing in a report on Wednesday. They set an "underweight" rating and a $288.00 price objective on the stock. BMO Capital Markets upgraded 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. Stifel Nicolaus lifted 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 note on Thursday, July 31st. Finally, Dbs Bank upgraded shares of Automatic Data Processing to a "hold" rating in a research note on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $314.09.

Automatic Data Processing 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.