Clifford Swan Investment Counsel LLC Has $14.35 Million Stake in Automatic Data Processing, Inc. $ADP

Clifford Swan Investment Counsel LLC reduced its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.4% in the 2nd quarter, Holdings Channel reports. The firm owned 46,518 shares of the business services provider’s stock after selling 180 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Automatic Data Processing were worth $14,346,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ADP. Freedom Investment Management Inc. lifted its stake in shares of Automatic Data Processing by 4.7% in the second quarter. Freedom Investment Management Inc. now owns 2,301 shares of the business services provider’s stock worth $709,000 after acquiring an additional 103 shares during the period. Forum Financial Management LP increased its position in Automatic Data Processing by 4.9% during the 2nd quarter. Forum Financial Management LP now owns 5,358 shares of the business services provider’s stock valued at $1,653,000 after purchasing an additional 251 shares during the period. Ethic Inc. raised its holdings in Automatic Data Processing by 1.4% during the 2nd quarter. Ethic Inc. now owns 75,710 shares of the business services provider’s stock worth $22,974,000 after purchasing an additional 1,067 shares during the last quarter. Caliber Wealth Management LLC KS lifted its position in shares of Automatic Data Processing by 2.5% in the 2nd quarter. Caliber Wealth Management LLC KS now owns 3,115 shares of the business services provider’s stock worth $961,000 after purchasing an additional 77 shares during the period. Finally, Rehmann Capital Advisory Group increased its position in shares of Automatic Data Processing by 8.8% during the second quarter. Rehmann Capital Advisory Group now owns 4,087 shares of the business services provider’s stock worth $1,261,000 after buying an additional 330 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Activity

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 shares were sold at an average price of $296.57, for a total value of $4,033,055.43. Following the transaction, the vice president directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Joseph Desilva sold 4,614 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $1,368,373.98. Following the completion of the sale, the vice president owned 17,536 shares in the company, valued at $5,200,651.52. This represents a 20.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,516 shares of company stock valued at $15,632,410. 0.20% of the stock is currently owned by insiders.

Automatic Data Processing Stock Performance

Shares of ADP opened at $283.95 on Thursday. Automatic Data Processing, Inc. has a one year low of $272.62 and a one year high of $329.93. The company has a market cap of $115.03 billion, a PE ratio of 28.45, a P/E/G ratio of 2.60 and a beta of 0.82. The stock has a 50-day moving average of $294.18 and a 200-day moving average of $302.01. 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 announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (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 business had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the prior year, the company earned $2.09 earnings per share. The company’s quarterly revenue 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. On average, equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently issued reports on ADP. Morgan Stanley boosted their target price on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. UBS Group dropped their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. Weiss Ratings restated a “buy (b)” rating on shares of Automatic Data Processing in a research report on Wednesday, October 8th. Wells Fargo & Company began coverage on Automatic Data Processing in a research note on Wednesday. They set an “underweight” rating and a $288.00 target price for the company. Finally, BMO Capital Markets raised 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. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Automatic Data Processing presently has a consensus rating of “Hold” and a consensus price target of $314.09.

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.