Automatic Data Processing, Inc. $ADP Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.1% in the second quarter, Holdings Channel reports. The firm owned 482,230 shares of the business services provider’s stock after selling 15,291 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Automatic Data Processing were worth $147,071,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ADP. Brighton Jones LLC lifted its position in Automatic Data Processing by 92.1% during the 4th 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. Bison Wealth LLC lifted its position in Automatic Data Processing by 22.8% during the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock worth $1,073,000 after acquiring an additional 681 shares during the period. GAMMA Investing LLC lifted its position in Automatic Data Processing by 13.8% during the 1st quarter. GAMMA Investing LLC now owns 9,495 shares of the business services provider’s stock worth $2,901,000 after acquiring an additional 1,148 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Automatic Data Processing by 14.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 56,942 shares of the business services provider’s stock worth $17,397,000 after acquiring an additional 7,053 shares during the period. Finally, Live Oak Private Wealth LLC lifted its position in Automatic Data Processing by 0.8% during the 1st quarter. Live Oak Private Wealth LLC now owns 5,700 shares of the business services provider’s stock worth $1,742,000 after acquiring an additional 44 shares during the period. 80.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP Don Mcguire sold 13,599 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 transaction of $4,033,055.43. Following the completion of the transaction, the vice president owned 17,684 shares of the company’s stock, valued at approximately $5,244,543.88. This trade represents a 43.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Michael A. Bonarti sold 8,728 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total value of $2,604,697.04. Following the transaction, the vice president directly owned 80,531 shares of the company’s stock, valued at $24,032,866.33. The trade was a 9.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,516 shares of company stock valued at $15,632,410 in the last ninety days. 0.20% of the stock is owned by insiders.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $283.03 on Tuesday. Automatic Data Processing, Inc. has a 1-year low of $272.62 and a 1-year high of $329.93. The company has a market capitalization of $114.65 billion, a P/E ratio of 28.36, a PEG ratio of 2.58 and a beta of 0.82. The business has a 50 day moving average price of $294.91 and a 200 day moving average price of $302.26. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05.

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 for the quarter, beating the consensus estimate of $2.23 by $0.03. The firm had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.Automatic Data Processing’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business posted $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Sell-side analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ADP. BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 price objective for the company in a research report on Thursday, July 10th. Dbs Bank raised Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Stifel Nicolaus increased 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. Morgan Stanley increased 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 reissued a “buy (b)” rating on shares of Automatic Data Processing in a research note on Wednesday, October 8th. Three 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 a consensus rating of “Hold” and a consensus target price of $316.70.

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.