First County Bank CT Reduces Position in Automatic Data Processing, Inc. $ADP

First County Bank CT decreased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,950 shares of the business services provider’s stock after selling 175 shares during the period. First County Bank CT’s holdings in Automatic Data Processing were worth $1,527,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Smith Salley Wealth Management purchased a new position in Automatic Data Processing during the second quarter worth $289,000. City Holding Co. grew its position in shares of Automatic Data Processing by 1.0% in the second quarter. City Holding Co. now owns 16,831 shares of the business services provider’s stock valued at $5,190,000 after purchasing an additional 167 shares during the period. Beacon Capital Management LLC grew its position in shares of Automatic Data Processing by 6.4% in the second quarter. Beacon Capital Management LLC now owns 611 shares of the business services provider’s stock valued at $188,000 after purchasing an additional 37 shares during the period. Fort Washington Investment Advisors Inc. OH grew its position in shares of Automatic Data Processing by 1.7% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 148,443 shares of the business services provider’s stock valued at $45,780,000 after purchasing an additional 2,536 shares during the period. Finally, Charles Schwab Trust Co grew its position in shares of Automatic Data Processing by 6.1% in the second quarter. Charles Schwab Trust Co now owns 1,745 shares of the business services provider’s stock valued at $538,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ADP shares. Royal Bank Of Canada restated a “sector perform” rating and issued a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, June 5th. Mizuho boosted their price objective 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. BMO Capital Markets upgraded Automatic Data Processing to a “hold” rating and set a $340.00 price target on the stock in a research note on Thursday, July 10th. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Finally, Morgan Stanley boosted their price target 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. Two investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $316.70.

Insider Transactions at Automatic Data Processing

In other 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 value of $1,368,373.98. Following the transaction, the vice president directly owned 17,536 shares in the company, valued at $5,200,651.52. This trade represents a 20.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David Foskett sold 1,373 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 value of $407,190.61. Following the completion of the transaction, the vice president owned 11,781 shares in the company, valued at $3,493,891.17. This represents a 10.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,516 shares of company stock worth $15,632,410 over the last ninety days. 0.20% of the stock is currently owned by insiders.

Automatic Data Processing Stock Up 0.9%

ADP opened at $291.54 on Monday. Automatic Data Processing, Inc. has a fifty-two week low of $272.18 and a fifty-two week high of $329.93. The business has a 50-day moving average of $300.36 and a 200-day moving average of $303.59. 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 company has a market capitalization of $118.10 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.03. The business had revenue of $5.13 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.09 EPS. 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 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be paid a $1.54 dividend. The ex-dividend date is Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.1%. Automatic Data Processing’s dividend payout ratio (DPR) is 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.