Automatic Data Processing, Inc. $ADP Shares Sold by Truvestments Capital LLC

Key Points

• Truvestments Capital LLC reduced its stake in Automatic Data Processing, Inc. by 47.5% in Q1, owning 6,512 shares valued at $1,990,000 after selling 5,898 shares.
• Automatic Data Processing reported quarterly earnings of $2.26 per share, exceeding expectations, with revenue of $5.13 billion, marking a 6.3% increase from the previous year.
• The company announced a quarterly dividend of $1.54 per share, with a yield of 2.0%, to be paid on October 1st to shareholders of record.

Truvestments Capital LLC lowered its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 47.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,512 shares of the business services provider's stock after selling 5,898 shares during the quarter. Truvestments Capital LLC's holdings in Automatic Data Processing were worth $1,990,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of ADP. von Borstel & Associates Inc. purchased a new stake in shares of Automatic Data Processing during the first quarter worth $30,000. Main Street Group LTD increased its position in shares of Automatic Data Processing by 50.7% during the fourth quarter. Main Street Group LTD now owns 113 shares of the business services provider's stock worth $33,000 after acquiring an additional 38 shares during the period. Y.D. More Investments Ltd acquired a new position in shares of Automatic Data Processing during the first quarter worth $35,000. Abound Wealth Management grew its stake in shares of Automatic Data Processing by 58.1% during the first quarter. Abound Wealth Management now owns 117 shares of the business services provider's stock worth $36,000 after purchasing an additional 43 shares in the last quarter. Finally, Banque de Luxembourg S.A. acquired a new position in shares of Automatic Data Processing during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 80.03% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on ADP shares. Royal Bank Of Canada reiterated a "sector perform" rating and set a $315.00 target price on shares of Automatic Data Processing in a research note on Thursday, June 5th. UBS Group lowered their target price on shares of Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating for the company in a research note on Friday, June 13th. BMO Capital Markets upgraded shares of Automatic Data Processing to a "hold" rating and set a $340.00 target price for the company in a research note on Thursday, July 10th. Dbs Bank upgraded shares of Automatic Data Processing to a "hold" rating in a research note on Thursday, August 21st. Finally, Morgan Stanley boosted their target price 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. Two investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $317.00.

Automatic Data Processing Stock Performance

Shares of NASDAQ:ADP traded down $0.05 on Monday, reaching $304.05. The company's stock had a trading volume of 1,106,856 shares, compared to its average volume of 1,436,462. The stock's 50-day moving average is $304.77 and its two-hundred day moving average is $305.49. Automatic Data Processing, Inc. has a 52-week low of $267.79 and a 52-week high of $329.93. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $123.15 billion, a P/E ratio of 30.47, a PEG ratio of 2.78 and a beta of 0.82.

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, 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 company had revenue of $5.13 billion during the quarter, compared to analysts' expectations of $5.05 billion. During the same period last year, the company posted $2.09 earnings per share. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, sell-side analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

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