Strategic Blueprint LLC Sells 921 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• Strategic Blueprint LLC reduced its stake in Automatic Data Processing, Inc. by 31.6%, owning 1,990 shares worth approximately $614,000.
• Automatic Data Processing reported $2.26 EPS for the last quarter, beating estimates, with revenue of $5.13 billion, marking a 6.3% year-over-year increase.
• The company recently announced a quarterly dividend of $1.54, resulting in an annual yield of 2.2%.

Strategic Blueprint LLC lessened its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 31.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,990 shares of the business services provider's stock after selling 921 shares during the quarter. Strategic Blueprint LLC's holdings in Automatic Data Processing were worth $614,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ADP. Activest Wealth Management lifted its position in 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 valued at $25,000 after acquiring an additional 78 shares in the last quarter. Harbor Asset Planning Inc. bought a new position in Automatic Data Processing in the 2nd quarter valued at about $26,000. Mid American Wealth Advisory Group Inc. bought a new position in Automatic Data Processing in the 2nd quarter valued at about $26,000. Clarity Asset Management Inc. bought a new position in Automatic Data Processing in the 1st quarter valued at about $29,000. Finally, von Borstel & Associates Inc. purchased a new stake in Automatic Data Processing in the 1st quarter valued at about $30,000. Institutional investors own 80.03% of the company's stock.

Automatic Data Processing Trading Down 0.2%

Shares of ADP stock opened at $280.94 on Friday. The company has a 50 day moving average of $293.36 and a 200-day moving average of $302.22. 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 12-month low of $272.62 and a 12-month high of $329.93. The firm has a market cap of $113.81 billion, a P/E ratio of 28.15, a PEG ratio of 2.57 and a beta of 0.82.

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

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were issued a $1.54 dividend. The ex-dividend date of this dividend 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%.

Insider Buying and Selling

In related news, VP Joseph Desilva sold 4,614 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $1,368,373.98. Following the completion of the transaction, the vice president directly owned 17,536 shares of the company's stock, valued at approximately $5,200,651.52. This trade represents a 20.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $407,190.61. Following the completion of the transaction, the vice president directly owned 11,781 shares of the company's stock, valued at approximately $3,493,891.17. The trade was a 10.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock worth $15,632,410 in the last 90 days. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Automatic Data Processing in a research note on Friday. Stifel Nicolaus increased 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. Dbs Bank upgraded shares of Automatic Data Processing to a "hold" rating in a research note on Thursday, August 21st. 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 note on Thursday, July 10th. Finally, Morgan Stanley increased 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 note on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $313.17.

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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