NBT Bank N A NY Sells 1,520 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• NBT Bank N A NY reduced its stake in Automatic Data Processing, Inc. by 3.6%, selling 1,520 shares and now holding 40,896 shares worth $12,612,000.
• Insider selling at Automatic Data Processing includes VP Joseph Desilva, who sold 4,614 shares for approximately $1.37 million, reducing his holdings by 20.83%.
• Automatic Data Processing reported earnings of $2.26 per share for the last quarter, exceeding expectations and reflecting a 6.3% year-over-year revenue increase.

NBT Bank N A NY trimmed its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 3.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,896 shares of the business services provider's stock after selling 1,520 shares during the quarter. Automatic Data Processing accounts for 0.9% of NBT Bank N A NY's holdings, making the stock its 26th biggest position. NBT Bank N A NY's holdings in Automatic Data Processing were worth $12,612,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. AlphaCore Capital LLC bought a new stake in Automatic Data Processing during the 1st quarter worth approximately $688,000. Golden State Wealth Management LLC grew its stake in shares of Automatic Data Processing by 29.6% during the 1st quarter. Golden State Wealth Management LLC now owns 565 shares of the business services provider's stock worth $173,000 after acquiring an additional 129 shares in the last quarter. Advisory Alpha LLC grew its stake in shares of Automatic Data Processing by 130.2% during the 1st quarter. Advisory Alpha LLC now owns 4,416 shares of the business services provider's stock worth $1,349,000 after acquiring an additional 2,498 shares in the last quarter. Meiji Yasuda Life Insurance Co grew its stake in shares of Automatic Data Processing by 4.4% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 32,478 shares of the business services provider's stock worth $9,923,000 after acquiring an additional 1,375 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of Automatic Data Processing during the 1st quarter worth approximately $39,906,000. 80.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Joseph Desilva sold 4,614 shares of the firm's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $1,368,373.98. Following the completion of the sale, the vice president owned 17,536 shares of the company's stock, valued at $5,200,651.52. This trade represents a 20.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David Foskett sold 1,373 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $407,190.61. Following the sale, the vice president directly owned 11,781 shares of the company's stock, valued at $3,493,891.17. This represents a 10.44% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,516 shares of company stock worth $15,632,410. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on ADP. Morgan Stanley raised their price target on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Automatic Data Processing in a research note on Saturday, September 27th. Dbs Bank raised shares of Automatic Data Processing to a "hold" rating in a research note on Thursday, August 21st. Mizuho raised their price target on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. Finally, BMO Capital Markets raised shares of Automatic Data Processing to a "hold" rating and set a $340.00 price target for the company in a research note on Thursday, July 10th. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Automatic Data Processing currently has a consensus rating of "Hold" and an average target price of $316.70.

Automatic Data Processing Price Performance

NASDAQ:ADP opened at $292.94 on Wednesday. Automatic Data Processing, Inc. has a 1-year low of $272.62 and a 1-year high of $329.93. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The firm has a fifty day simple moving average of $298.44 and a 200 day simple moving average of $303.34. The stock has a market capitalization of $118.67 billion, a PE ratio of 29.35, a P/E/G ratio of 2.66 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released 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. 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 during the quarter, compared to analysts' expectations of $5.05 billion. During the same period last year, the business earned $2.09 earnings per share. The firm'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. On average, research analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were paid a $1.54 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $6.16 annualized dividend and a dividend yield of 2.1%. Automatic Data Processing's dividend payout ratio (DPR) is currently 61.72%.

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.

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