Bank of Montreal Can Decreases Position in Automatic Data Processing, Inc. $ADP

Bank of Montreal Can lowered its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 11.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 692,468 shares of the business services provider’s stock after selling 92,983 shares during the quarter. Bank of Montreal Can’s holdings in Automatic Data Processing were worth $213,557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Mission Wealth Management LP increased its stake in shares of Automatic Data Processing by 4.5% during the 2nd quarter. Mission Wealth Management LP now owns 7,888 shares of the business services provider’s stock worth $2,433,000 after purchasing an additional 339 shares during the last quarter. MUFG Securities EMEA plc bought a new position in Automatic Data Processing in the 2nd quarter worth approximately $69,390,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in Automatic Data Processing by 1.6% in the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 3,514 shares of the business services provider’s stock worth $1,084,000 after buying an additional 55 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Automatic Data Processing by 3.8% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 18,395 shares of the business services provider’s stock worth $5,680,000 after buying an additional 673 shares during the period. Finally, Strategic Financial Concepts LLC bought a new position in Automatic Data Processing in the 2nd quarter worth approximately $276,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Insider Activity at Automatic Data Processing

In other news, VP Christopher D’ambrosio sold 597 shares of Automatic Data Processing stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total transaction of $177,249.30. Following the completion of the sale, the vice president directly owned 10,541 shares of the company’s stock, valued at approximately $3,129,622.90. The trade was a 5.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Joseph Desilva sold 4,614 shares of Automatic Data Processing stock in a transaction on 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 sale, the vice president directly owned 17,536 shares of the company’s stock, valued at $5,200,651.52. This represents a 20.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 52,516 shares of company stock worth $15,632,410 in the last three months. 0.20% of the stock is owned by insiders.

Automatic Data Processing Stock Down 1.2%

ADP opened at $257.17 on Tuesday. The company has a fifty day moving average price of $288.68 and a 200-day moving average price of $301.07. The firm has a market capitalization of $104.18 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 2.39 and a beta of 0.82. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 1.05. Automatic Data Processing, Inc. has a one year low of $255.16 and a one year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.05. The firm had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.14 billion. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.33 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were issued a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, September 12th. Automatic Data Processing’s payout ratio is currently 60.81%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wells Fargo & Company cut their price objective on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Stifel Nicolaus raised their price objective 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. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Citigroup assumed coverage on shares of Automatic Data Processing in a report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price objective for the company. Finally, UBS Group cut 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 report on Wednesday, September 17th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $312.67.

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.