Insider Selling: Automatic Data Processing (NASDAQ:ADP) VP Sells $2,111,720.00 in Stock

Posted by Francis Steltz on Nov 6th, 2026

Automatic Data Processing, Inc. (NASDAQ:ADP – Get Free Report) VP Michael Bonarti sold 6,812 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $310.00, for a total transaction of $2,111,720.00. Following the completion of the sale, the vice president directly owned 81,849 shares of the company’s stock, valued at $25,373,190. The trade was a 7.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Automatic Data Processing Trading Down 1.2%

Automatic Data Processing stock traded down $3.79 during mid-day trading on Friday, hitting $303.35. 2,351,088 shares of the company’s stock were exchanged, compared to its average volume of 2,848,554. The firm has a market capitalization of $119.75 billion, a P/E ratio of 26.89, a PEG ratio of 2.72 and a beta of 0.77. The company has a quick ratio of 1.05, a current ratio of 1.03 and a debt-to-equity ratio of 0.98. The company’s 50 day simple moving average is $278.80 and its 200-day simple moving average is $241.67. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $310.98.

Automatic Data Processing (NASDAQ:ADP – Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.05. Automatic Data Processing had a return on equity of 77.01% and a net margin of 20.33%. The business had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period in the previous year, the firm earned $2.49 EPS. Automatic Data Processing’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities analysts anticipate that Automatic Data Processing, Inc. will post 12.38 earnings per share for the current year.

Institutional Investors Weigh In On Automatic Data Processing

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADP. Northwestern Mutual Wealth Management Co. bought a new position in shares of Automatic Data Processing in the second quarter worth $13,283,000. Royal Capital Wealth Management LLC purchased a new stake in Automatic Data Processing in the second quarter valued at approximately $1,226,000. Canada Pension Plan Investment Board purchased a new stake in shares of Automatic Data Processing during the 2nd quarter valued at $152,706,000. Murphy Pohlad Asset Management LLC bought a new stake in Automatic Data Processing during the second quarter worth about $1,044,000. Finally, Fulton Bank N.A. lifted its position in Automatic Data Processing by 192.0% in the 2nd quarter. Fulton Bank N.A. now owns 7,165 shares of the business services provider’s stock worth $1,605,000 after buying an additional 4,711 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ADP. Cantor Fitzgerald raised their target price on shares of Automatic Data Processing from $310.00 to $336.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. Weiss Ratings upgraded shares of Automatic Data Processing from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. Stifel Nicolaus increased their target price on Automatic Data Processing from $285.00 to $305.00 and gave the stock a “hold” rating in a research note on Thursday, October 29th. BMO Capital Markets lifted their price objective on shares of Automatic Data Processing from $248.00 to $305.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 29th. Finally, Citigroup increased their price objective on shares of Automatic Data Processing from $287.00 to $295.00 and gave the stock a “neutral” rating in a research note on Thursday, October 29th. 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $285.00.

Read Our Latest Analysis on ADP

More Automatic Data Processing News

Here are the key news stories impacting Automatic Data Processing this week:

Positive Sentiment: ADP’s October employment report showed private employers added 86,000 jobs, above expectations of 69,000. Continued hiring could support demand for ADP’s payroll and human-resources services. October private-sector hiring report
Neutral Sentiment: Three ADP vice presidents—Michael Bonarti, Virginia Magliulo and Jonathan Lehberger—reported share sales. Each transaction was made under a pre-arranged Rule 10b5-1 plan, so the sales are not necessarily a signal about their outlook for the company. SEC filing for Bonarti sale SEC filing for Magliulo sale SEC filing for Lehberger sale
Negative Sentiment: Recent valuation commentary argues ADP may be priced above estimated fair value, including one analysis identifying a potential 13% gap. Such concerns could temper demand for the shares, particularly after a strong run-up. ADP fair-value analysis ADP cash-flow valuation analysis

About Automatic Data Processing

(Get Free Report)

Automatic Data Processing, Inc (ADP) provides payroll processing and human resources technology and services to businesses of varying sizes. Its offerings include payroll administration, tax filing, benefits administration, workforce management, talent management, and human capital management software.

ADP also provides services such as compliance support and professional employer organization solutions, which help businesses manage employment responsibilities. Its products combine software with payroll and HR services to support organizations’ workforce operations.

Founded in 1949 as Automatic Payrolls, Inc, the company has grown from a payroll-processing business into a global provider of HR and workforce solutions.