Vontobel Holding Ltd. Reduces Stake in Automatic Data Processing, Inc. $ADP

Vontobel Holding Ltd. lowered its position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 15.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 134,268 shares of the business services provider's stock after selling 24,522 shares during the period. Vontobel Holding Ltd.'s holdings in Automatic Data Processing were worth $41,408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of ADP. Brighton Jones LLC lifted its holdings in Automatic Data Processing by 92.1% in the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider's stock valued at $2,935,000 after acquiring an additional 4,808 shares during the period. Bison Wealth LLC lifted its holdings in Automatic Data Processing by 22.8% in the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider's stock valued at $1,073,000 after acquiring an additional 681 shares during the period. Farther Finance Advisors LLC lifted its holdings in Automatic Data Processing by 0.7% in the first quarter. Farther Finance Advisors LLC now owns 9,993 shares of the business services provider's stock valued at $3,063,000 after acquiring an additional 68 shares during the period. GAMMA Investing LLC lifted its holdings in Automatic Data Processing by 13.8% in the first quarter. GAMMA Investing LLC now owns 9,495 shares of the business services provider's stock valued at $2,901,000 after acquiring an additional 1,148 shares during the period. Finally, Fiduciary Financial Group LLC lifted its holdings in Automatic Data Processing by 19.9% in the first quarter. Fiduciary Financial Group LLC now owns 1,210 shares of the business services provider's stock valued at $354,000 after acquiring an additional 201 shares during the period. 80.03% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing Stock Down 0.8%

Shares of ADP opened at $290.70 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. Automatic Data Processing, Inc. has a one year low of $272.62 and a one year high of $329.93. The stock has a market capitalization of $117.76 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.68 and a beta of 0.82. The stock has a 50 day moving average price of $298.04 and a 200 day moving average price of $303.25.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its quarterly earnings results 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. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The firm had revenue of $5.13 billion during 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 firm's revenue for the quarter 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. Equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ADP shares. Dbs Bank raised Automatic Data Processing to a "hold" rating in a report on Thursday, August 21st. Stifel Nicolaus upped their target price on Automatic Data Processing from $305.00 to $318.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. UBS Group reduced their target price on Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating for the company in a research note on Wednesday, September 17th. Morgan Stanley upped their target price on 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. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Automatic Data Processing in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $316.70.

Insider Activity

In related news, VP Michael A. Bonarti sold 8,728 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the completion of the sale, the vice president directly owned 80,531 shares in the company, valued at approximately $24,032,866.33. The trade was a 9.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher D'ambrosio sold 597 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total value of $177,249.30. Following the sale, the vice president owned 10,541 shares of the company's stock, valued at $3,129,622.90. The trade was a 5.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock valued at $15,632,410 in the last three months. Company insiders own 0.20% of the company's stock.

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.

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