Notis McConarty Edward Decreases Holdings in Automatic Data Processing, Inc. $ADP

Notis McConarty Edward reduced its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,803 shares of the business services provider’s stock after selling 305 shares during the quarter. Automatic Data Processing makes up approximately 4.3% of Notis McConarty Edward’s investment portfolio, making the stock its 6th biggest position. Notis McConarty Edward’s holdings in Automatic Data Processing were worth $8,883,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ADP. Nuveen LLC bought a new position in Automatic Data Processing in the 1st quarter worth $661,771,000. Mackenzie Financial Corp raised its holdings in Automatic Data Processing by 128.1% in the 1st quarter. Mackenzie Financial Corp now owns 1,585,704 shares of the business services provider’s stock worth $484,480,000 after purchasing an additional 890,440 shares during the period. Ameriprise Financial Inc. raised its holdings in Automatic Data Processing by 15.7% in the 1st quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider’s stock worth $1,348,805,000 after purchasing an additional 601,400 shares during the period. Goldman Sachs Group Inc. raised its holdings in Automatic Data Processing by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider’s stock worth $934,647,000 after purchasing an additional 564,187 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Automatic Data Processing by 110.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 608,997 shares of the business services provider’s stock worth $186,067,000 after purchasing an additional 319,132 shares during the period. 80.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ADP shares. BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 price target on the stock in a report on Thursday, July 10th. Mizuho raised their price target on Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a report on Friday, June 13th. UBS Group decreased their price target on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Morgan Stanley raised their price target on Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $316.70.

Insider Transactions at Automatic Data Processing

In other news, VP Christopher D’ambrosio sold 597 shares of Automatic Data Processing stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total value of $177,249.30. Following the sale, the vice president directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $298.43, for a total value of $2,604,697.04. Following the completion of the transaction, the vice president owned 80,531 shares of the company’s stock, 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 ninety days, insiders sold 52,516 shares of company stock valued at $15,632,410. 0.20% of the stock is owned by insiders.

Automatic Data Processing Trading Down 0.8%

Shares of ADP stock opened at $290.70 on Thursday. Automatic Data Processing, Inc. has a 12-month low of $272.62 and a 12-month high of $329.93. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock’s 50-day moving average price is $298.04 and its 200-day moving average price is $303.25. The stock has a market capitalization of $117.76 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 2.68 and a beta of 0.82.

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

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were issued a $1.54 dividend. This represents a $6.16 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, September 12th. Automatic Data Processing’s payout ratio is 61.72%.

Automatic Data Processing 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.