Automatic Data Processing, Inc. $ADP Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC cut its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,995 shares of the business services provider’s stock after selling 37 shares during the quarter. Kintegral Advisory LLC’s holdings in Automatic Data Processing were worth $7,747,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ADP. Activest Wealth Management raised its position in Automatic Data Processing by 2,600.0% during the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock worth $25,000 after buying an additional 78 shares during the last quarter. Clarity Asset Management Inc. purchased a new position in Automatic Data Processing during the 1st quarter worth approximately $29,000. von Borstel & Associates Inc. purchased a new position in Automatic Data Processing during the 1st quarter worth approximately $30,000. Y.D. More Investments Ltd purchased a new position in Automatic Data Processing during the 1st quarter worth approximately $35,000. Finally, Abound Wealth Management raised its position in Automatic Data Processing by 58.1% during the 1st quarter. Abound Wealth Management now owns 117 shares of the business services provider’s stock worth $36,000 after buying an additional 43 shares during the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Joseph Desilva sold 4,614 shares of Automatic Data Processing stock in a transaction 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 in the company, valued at $5,200,651.52. The trade was a 20.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David Foskett sold 1,373 shares of Automatic Data Processing stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $407,190.61. Following the transaction, the vice president owned 11,781 shares in the company, valued at approximately $3,493,891.17. This represents a 10.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,516 shares of company stock worth $15,632,410 in the last ninety days. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $285.19 on Monday. The company’s fifty day moving average price is $297.26 and its 200 day moving average price is $303.05. Automatic Data Processing, Inc. has a 1 year low of $272.62 and a 1 year high of $329.93. The stock has a market capitalization of $115.53 billion, a P/E ratio of 28.58, a P/E/G ratio of 2.61 and a beta of 0.82. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $5.05 billion. During the same quarter last year, the company earned $2.09 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were issued a $1.54 dividend. The ex-dividend date was Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a yield of 2.2%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 61.72%.

Analyst Upgrades and Downgrades

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

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.