Commonwealth Equity Services LLC Cuts Stake in Automatic Data Processing, Inc. $ADP

Commonwealth Equity Services LLC decreased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,494 shares of the business services provider’s stock after selling 11,346 shares during the period. Commonwealth Equity Services LLC’s holdings in Automatic Data Processing were worth $59,982,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ADP. AlphaCore Capital LLC acquired a new position in shares of Automatic Data Processing in the first quarter worth about $688,000. Advisory Alpha LLC increased its holdings in Automatic Data Processing by 130.2% during the 1st quarter. Advisory Alpha LLC now owns 4,416 shares of the business services provider’s stock worth $1,349,000 after purchasing an additional 2,498 shares during the last quarter. Meiji Yasuda Life Insurance Co raised its position in shares of Automatic Data Processing by 4.4% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 32,478 shares of the business services provider’s stock valued at $9,923,000 after purchasing an additional 1,375 shares in the last quarter. MGO One Seven LLC boosted its stake in shares of Automatic Data Processing by 18.3% during the 2nd 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. Finally, Morningstar Investment Management LLC acquired a new stake in shares of Automatic Data Processing during the second quarter worth approximately $1,795,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ADP. Wells Fargo & Company cut their price target on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. JPMorgan Chase & Co. dropped their target price on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. Morgan Stanley upped 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 research note on Thursday, July 31st. Citigroup started coverage on Automatic Data Processing in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price target for the company. Finally, UBS Group lowered their price objective on 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 research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $312.67.

Automatic Data Processing Trading Up 0.7%

Automatic Data Processing stock opened at $254.16 on Friday. Automatic Data Processing, Inc. has a 1 year low of $249.68 and a 1 year high of $329.93. The firm’s 50-day moving average is $284.90 and its 200-day moving average is $299.99. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $102.79 billion, a P/E ratio of 25.09, a PEG ratio of 2.39 and a beta of 0.86.

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

Insider Buying and Selling at Automatic Data Processing

In related news, VP Michael A. Bonarti sold 8,728 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president owned 80,531 shares of the company’s stock, valued at approximately $24,032,866.33. This trade represents a 9.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Don Mcguire sold 13,599 shares of the business’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 $4,033,055.43. Following the transaction, the vice president owned 17,684 shares of the company’s stock, valued at $5,244,543.88. This represents a 43.47% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 52,516 shares of company stock worth $15,632,410. Corporate insiders own 0.20% of the company’s stock.

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.