Automatic Data Processing, Inc. $ADP Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lowered its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 40.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,998 shares of the business services provider’s stock after selling 10,739 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Automatic Data Processing were worth $4,934,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. AlphaCore Capital LLC acquired a new position in Automatic Data Processing in the first quarter valued at about $688,000. Golden State Wealth Management LLC lifted its position in Automatic Data Processing by 29.6% in the first quarter. Golden State Wealth Management LLC now owns 565 shares of the business services provider’s stock valued at $173,000 after buying an additional 129 shares during the last quarter. Advisory Alpha LLC lifted its position in Automatic Data Processing by 130.2% in the first quarter. Advisory Alpha LLC now owns 4,416 shares of the business services provider’s stock valued at $1,349,000 after buying an additional 2,498 shares during the last quarter. Meiji Yasuda Life Insurance Co lifted its position in Automatic Data Processing by 4.4% in the first quarter. Meiji Yasuda Life Insurance Co now owns 32,478 shares of the business services provider’s stock valued at $9,923,000 after buying an additional 1,375 shares during the last quarter. Finally, MGO One Seven LLC lifted its position in Automatic Data Processing by 18.3% in the second quarter. MGO One Seven LLC now owns 13,578 shares of the business services provider’s stock valued at $4,187,000 after buying an additional 2,105 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ADP shares. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Citigroup started coverage on shares of Automatic Data Processing in a research note on Thursday. They issued a “neutral” rating and a $303.00 price objective for the company. Morgan Stanley raised their price objective on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Wells Fargo & Company started coverage on shares of Automatic Data Processing in a research note on Wednesday, October 22nd. They issued an “underweight” rating and a $288.00 price objective for the company. Finally, Stifel Nicolaus raised their price objective on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $313.17.

Insider Transactions at Automatic Data Processing

In related news, VP David Foskett sold 1,373 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $407,190.61. Following the sale, the vice president owned 11,781 shares of the company’s stock, valued at $3,493,891.17. This trade represents a 10.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Don Mcguire sold 13,599 shares of the stock in a transaction that occurred 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 owned 17,684 shares in the company, valued at $5,244,543.88. This represents a 43.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,516 shares of company stock valued at $15,632,410 over the last quarter. Insiders own 0.20% of the company’s stock.

Automatic Data Processing Stock Down 0.2%

Shares of NASDAQ:ADP opened at $280.94 on Monday. The firm’s 50 day moving average price is $293.36 and its 200 day moving average price is $302.27. The stock has a market cap of $113.81 billion, a price-to-earnings 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 fifty-two week low of $272.62 and a fifty-two week high of $329.93. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results 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 for the quarter, compared to analysts’ expectations 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 last year, the company earned $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, equities research 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 company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were issued a $1.54 dividend. 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 61.72%.

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.