Glass Jacobson Investment Advisors llc Cuts Stake in Automatic Data Processing, Inc. $ADP

Glass Jacobson Investment Advisors llc trimmed its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 10.8% in the second quarter, Holdings Channel.com reports. The firm owned 297 shares of the business services provider’s stock after selling 36 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in Automatic Data Processing were worth $91,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. PKO Investment Management Joint Stock Co boosted its holdings in shares of Automatic Data Processing by 87.5% in the 2nd quarter. PKO Investment Management Joint Stock Co now owns 15,000 shares of the business services provider’s stock valued at $4,626,000 after purchasing an additional 7,000 shares during the last quarter. Pinnacle Wealth Management Group Inc. purchased a new position in shares of Automatic Data Processing in the 2nd quarter worth $632,000. Sage Mountain Advisors LLC boosted its holdings in Automatic Data Processing by 26.8% in the second quarter. Sage Mountain Advisors LLC now owns 2,463 shares of the business services provider’s stock valued at $759,000 after acquiring an additional 521 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Automatic Data Processing by 1.2% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,025,726 shares of the business services provider’s stock valued at $316,334,000 after acquiring an additional 11,986 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in Automatic Data Processing by 1.9% during the second quarter. Asset Management One Co. Ltd. now owns 178,745 shares of the business services provider’s stock worth $55,125,000 after acquiring an additional 3,270 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Price Performance

Shares of ADP stock opened at $280.94 on Friday. The firm has a fifty day simple moving average of $293.36 and a 200-day simple moving average of $302.22. The company has a market capitalization of $113.81 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 2.57 and a beta of 0.82. Automatic Data Processing, Inc. has a twelve month low of $272.62 and a twelve month high of $329.93. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.03. The firm had revenue of $5.13 billion for 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%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 price objective on the stock in a research note on Thursday, July 10th. Citigroup started coverage on shares of Automatic Data Processing in a research report on Thursday. They set a “neutral” rating and a $303.00 price target on the stock. UBS Group dropped their price objective on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research report on Wednesday, September 17th. Weiss Ratings restated a “buy (b)” rating on shares of Automatic Data Processing in a report on Friday. Finally, Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Automatic Data Processing presently has an average rating of “Hold” and an average target price of $313.17.

Insider Buying and Selling

In other Automatic Data Processing news, VP Michael A. Bonarti sold 8,728 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the transaction, the vice president directly owned 80,531 shares in the company, valued at $24,032,866.33. This represents a 9.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP David Foskett sold 1,373 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $407,190.61. Following the completion of the sale, the vice president owned 11,781 shares in the company, valued at approximately $3,493,891.17. This trade represents a 10.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,516 shares of company stock worth $15,632,410 over the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

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.