Parsons Capital Management Inc. RI trimmed its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) by 0.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 20,011 shares of the business services provider’s stock after selling 50 shares during the period. Parsons Capital Management Inc. RI’s holdings in Automatic Data Processing were worth $6,171,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. AlphaCore Capital LLC purchased a new stake in shares of Automatic Data Processing in the first quarter worth about $688,000. Golden State Wealth Management LLC lifted its position in shares of 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 worth $173,000 after buying an additional 129 shares in the last quarter. Advisory Alpha LLC lifted its position in shares of 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 worth $1,349,000 after buying an additional 2,498 shares in the last quarter. Meiji Yasuda Life Insurance Co lifted its position in shares of 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 worth $9,923,000 after buying an additional 1,375 shares in the last quarter. Finally, Richard P Slaughter Associates Inc lifted its position in shares of Automatic Data Processing by 92.5% in the second quarter. Richard P Slaughter Associates Inc now owns 1,913 shares of the business services provider’s stock worth $590,000 after buying an additional 919 shares in the last quarter. 80.03% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, VP Joseph Desilva sold 4,614 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president owned 17,536 shares of the company’s stock, valued at approximately $5,200,651.52. This represents a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Michael A. Bonarti sold 8,728 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total value of $2,604,697.04. Following the transaction, the vice president directly owned 80,531 shares in the company, valued at approximately $24,032,866.33. This represents a 9.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,516 shares of company stock valued at $15,632,410. 0.20% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
View Our Latest Analysis on Automatic Data Processing
Automatic Data Processing Trading Down 0.6%
Shares of NASDAQ ADP opened at $291.61 on Thursday. The stock has a market capitalization of $118.13 billion, a P/E ratio of 29.22, a PEG ratio of 2.69 and a beta of 0.82. The business’s 50 day moving average is $299.76 and its two-hundred day moving average is $303.45. Automatic Data Processing, Inc. has a 1-year low of $272.62 and a 1-year high of $329.93. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05.
Automatic Data Processing (NASDAQ:ADP – Get Free Report) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 72.84% and a net margin of 19.84%.The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, research analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.
Automatic Data Processing Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were paid a dividend of $1.54 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.1%. Automatic Data Processing’s dividend payout ratio is currently 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.
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