Rep. Jefferson Shreve Sells Automatic Data Processing, Inc. (NASDAQ:ADP) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of Automatic Data Processing, Inc. NASDAQ: ADP. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in Automatic Data Processing stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Automatic Data Processing Price Performance

Shares of ADP traded up $2.39 during midday trading on Friday, hitting $308.63. The company's stock had a trading volume of 936,145 shares, compared to its average volume of 1,343,466. Automatic Data Processing, Inc. has a one year low of $249.49 and a one year high of $329.93. The company's fifty day simple moving average is $311.78 and its two-hundred day simple moving average is $304.60. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $125.28 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 2.80 and a beta of 0.76.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The business services provider reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.09. The company had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.49 billion. Automatic Data Processing had a return on equity of 77.33% and a net margin of 19.79%. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.88 EPS. As a group, equities analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Automatic Data Processing

Several institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of 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 worth $2,935,000 after acquiring an additional 4,808 shares during the period. Bank Pictet & Cie Europe AG bought a new stake in Automatic Data Processing during the fourth quarter valued at $957,000. Navellier & Associates Inc. boosted its stake in Automatic Data Processing by 36.8% during the fourth quarter. Navellier & Associates Inc. now owns 2,146 shares of the business services provider's stock valued at $628,000 after buying an additional 577 shares during the period. Oxbow Advisors LLC raised its position in Automatic Data Processing by 1.1% during the fourth quarter. Oxbow Advisors LLC now owns 6,173 shares of the business services provider's stock valued at $1,807,000 after purchasing an additional 68 shares in the last quarter. Finally, Redmond Asset Management LLC purchased a new stake in Automatic Data Processing during the fourth quarter valued at about $3,177,000. 80.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ADP shares. TD Securities lifted their target price on Automatic Data Processing from $298.00 to $321.00 and gave the stock a "hold" rating in a report on Wednesday, May 21st. UBS Group dropped their price objective on Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating on the stock in a research note on Friday, June 13th. Mizuho upped their price target on Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. Morgan Stanley upped their price target on Automatic Data Processing from $305.00 to $310.00 and gave the stock an "equal weight" rating in a research note on Tuesday, June 17th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $315.00 price objective on shares of Automatic Data Processing in a research note on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $309.62.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

Automatic Data Processing Company 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.