Automatic Data Processing, Inc. $ADP Shares Sold by Bill Few Associates Inc.

Bill Few Associates Inc. trimmed its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,736 shares of the business services provider’s stock after selling 656 shares during the period. Automatic Data Processing makes up about 1.1% of Bill Few Associates Inc.’s holdings, making the stock its 24th largest holding. Bill Few Associates Inc.’s holdings in Automatic Data Processing were worth $3,928,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in ADP. Activest Wealth Management lifted its stake in Automatic Data Processing by 2,600.0% during the first quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock worth $25,000 after purchasing an additional 78 shares in the last quarter. Clarity Asset Management Inc. acquired a new stake in Automatic Data Processing during the 1st quarter worth approximately $29,000. von Borstel & Associates Inc. acquired a new stake in Automatic Data Processing during the 1st quarter worth approximately $30,000. Y.D. More Investments Ltd acquired a new stake in Automatic Data Processing during the 1st quarter worth approximately $35,000. Finally, Abound Wealth Management lifted its holdings in Automatic Data Processing by 58.1% during the 1st quarter. Abound Wealth Management now owns 117 shares of the business services provider’s stock worth $36,000 after buying an additional 43 shares in the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Trading Down 0.2%

Shares of NASDAQ:ADP opened at $285.19 on Monday. Automatic Data Processing, Inc. has a 52 week low of $272.62 and a 52 week high of $329.93. The company’s 50 day moving average is $297.26 and its two-hundred day moving average is $303.05. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The company has a market cap of $115.53 billion, a PE ratio of 28.58, a P/E/G ratio of 2.61 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 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 for the quarter, compared to the consensus estimate of $5.05 billion. During the same period in the prior year, the firm posted $2.09 EPS. The company’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. Equities analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were given a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, September 12th. Automatic Data Processing’s dividend payout ratio (DPR) is 61.72%.

Analysts Set New Price Targets

ADP has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. BMO Capital Markets upgraded shares of Automatic Data Processing to a “hold” rating and set a $340.00 target price on the stock in a report on Thursday, July 10th. Stifel Nicolaus increased their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. Morgan Stanley increased 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 report on Thursday, July 31st. Finally, UBS Group reduced their target price on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and an average price target of $316.70.

Insider Transactions at Automatic Data Processing

In related news, VP Joseph Desilva sold 4,614 shares of the stock in a transaction 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 transaction, the vice president directly owned 17,536 shares of the company’s stock, valued at $5,200,651.52. This trade represents a 20.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Don Mcguire sold 13,599 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $4,033,055.43. Following the completion of the transaction, the vice president directly owned 17,684 shares in the company, valued at $5,244,543.88. This trade represents a 43.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,516 shares of company stock worth $15,632,410. Insiders own 0.20% of the company’s stock.

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.