Delta Financial Advisors LLC Sells 374 Shares of Automatic Data Processing, Inc. $ADP

Delta Financial Advisors LLC decreased its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,201 shares of the business services provider’s stock after selling 374 shares during the period. Automatic Data Processing comprises approximately 1.5% of Delta Financial Advisors LLC’s holdings, making the stock its 19th largest holding. Delta Financial Advisors LLC’s holdings in Automatic Data Processing were worth $4,380,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Activest Wealth Management raised its stake in shares of Automatic Data Processing by 2,600.0% in the first quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 78 shares in the last quarter. Mid American Wealth Advisory Group Inc. acquired a new stake in Automatic Data Processing during the second quarter worth $26,000. Harbor Asset Planning Inc. bought a new stake in Automatic Data Processing in the 2nd quarter valued at $26,000. Solstein Capital LLC bought a new stake in Automatic Data Processing in the 2nd quarter valued at $28,000. Finally, Westside Investment Management Inc. raised its stake in shares of Automatic Data Processing by 80.0% in the 2nd quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock valued at $28,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 0.7%

Shares of ADP stock opened at $254.16 on Friday. The company has a market capitalization of $102.79 billion, a P/E ratio of 25.09, a P/E/G ratio of 2.39 and a beta of 0.86. Automatic Data Processing, Inc. has a 12-month low of $249.68 and a 12-month 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 0.62. The firm has a 50-day moving average price of $284.90 and a 200 day moving average price of $299.99.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the prior year, the firm earned $2.33 earnings per share. The company’s quarterly revenue 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. Research analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Automatic Data Processing

In related news, VP David Foskett sold 1,373 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was 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 directly owned 11,781 shares of the company’s stock, valued at $3,493,891.17. This trade represents a 10.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $177,249.30. Following the completion of the transaction, the vice president 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 SEC filing for this sale provides additional information. Insiders sold 52,516 shares of company stock worth $15,632,410 over the last 90 days. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ADP shares. JPMorgan Chase & Co. reduced their price objective on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Wells Fargo & Company cut their price target on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Finally, Stifel Nicolaus raised their target price on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Automatic Data Processing presently has an average rating of “Hold” and a consensus target price 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.