SOA Wealth Advisors LLC. Sells 46 Shares of Automatic Data Processing, Inc. $ADP

SOA Wealth Advisors LLC. decreased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 12.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 320 shares of the business services provider’s stock after selling 46 shares during the period. SOA Wealth Advisors LLC.’s holdings in Automatic Data Processing were worth $99,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bangor Savings Bank raised its stake in Automatic Data Processing by 0.7% during the second quarter. Bangor Savings Bank now owns 4,907 shares of the business services provider’s stock valued at $1,513,000 after buying an additional 34 shares during the last quarter. Syntegra Private Wealth Group LLC lifted its position in shares of Automatic Data Processing by 4.7% in the first quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider’s stock worth $238,000 after buying an additional 35 shares in the last quarter. Transamerica Financial Advisors LLC raised its position in Automatic Data Processing by 1.0% during the first quarter. Transamerica Financial Advisors LLC now owns 3,371 shares of the business services provider’s stock valued at $1,030,000 after purchasing an additional 35 shares during the period. Ashton Thomas Securities LLC raised its position in Automatic Data Processing by 4.1% during the first quarter. Ashton Thomas Securities LLC now owns 883 shares of the business services provider’s stock valued at $270,000 after purchasing an additional 35 shares during the period. Finally, CBIZ Investment Advisory Services LLC grew its stake in shares of Automatic Data Processing by 36.1% during the first quarter. CBIZ Investment Advisory Services LLC now owns 132 shares of the business services provider’s stock valued at $41,000 after buying an additional 35 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Dbs Bank raised Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Morgan Stanley raised their target price on Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. BMO Capital Markets upgraded Automatic Data Processing to a “hold” rating and set a $340.00 price objective on the stock in a report on Thursday, July 10th. Stifel Nicolaus boosted their target price on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. Finally, UBS Group cut their target price on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. Two investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $316.70.

Automatic Data Processing Stock Down 0.6%

Shares of NASDAQ ADP opened at $289.87 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $117.42 billion, a P/E ratio of 29.05, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82. Automatic Data Processing, Inc. has a 1 year low of $272.62 and a 1 year high of $329.93. The firm’s 50 day moving average price is $299.43 and its 200 day moving average price is $303.40.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.03. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The company had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter last year, the firm posted $2.09 earnings per share. Automatic Data Processing’s revenue was up 6.3% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, sell-side analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were issued a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, September 12th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 61.72%.

Insiders Place Their Bets

In other news, CEO Maria Black sold 23,605 shares of Automatic Data Processing stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $298.32, for a total value of $7,041,843.60. Following the completion of the transaction, the chief executive officer directly owned 76,161 shares of the company’s stock, valued at approximately $22,720,349.52. The trade was a 23.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Michael A. Bonarti sold 8,728 shares of Automatic Data Processing stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the completion of the sale, the vice president owned 80,531 shares in the company, valued at approximately $24,032,866.33. This represents a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.

About Automatic Data Processing

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.