Automatic Data Processing, Inc. $ADP Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,123,872 shares of the business services provider’s stock after selling 103,377 shares during the period. ProShare Advisors LLC’s holdings in Automatic Data Processing were worth $290,026,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vise Technologies Inc. bought a new stake in Automatic Data Processing in the third quarter worth about $7,168,000. Investment Partners LTD. lifted its position in Automatic Data Processing by 46.8% during the third quarter. Investment Partners LTD. now owns 10,250 shares of the business services provider’s stock valued at $2,645,000 after purchasing an additional 3,270 shares in the last quarter. Cidel Asset Management Inc. grew its holdings in Automatic Data Processing by 8.8% in the third quarter. Cidel Asset Management Inc. now owns 2,093 shares of the business services provider’s stock worth $540,000 after purchasing an additional 169 shares during the last quarter. MGO One Seven LLC boosted its holdings in Automatic Data Processing by 9.1% in the third quarter. MGO One Seven LLC now owns 15,139 shares of the business services provider’s stock valued at $3,907,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Marin Bay Wealth Advisors LLC acquired a new position in shares of Automatic Data Processing during the 3rd quarter worth about $232,000. 80.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Maria Black sold 29,810 shares of Automatic Data Processing stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $280.91, for a total transaction of $8,373,927.10. Following the completion of the sale, the chief executive officer directly owned 80,624 shares of the company’s stock, valued at approximately $22,648,087.84. This trade represents a 26.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Joseph Desilva sold 631 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $282.87, for a total transaction of $178,490.97. Following the transaction, the vice president directly owned 18,824 shares in the company, valued at $5,324,744.88. The trade was a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 31,359 shares of company stock worth $8,809,422 over the last 90 days. Company insiders own 0.15% of the company’s stock.

Automatic Data Processing Trading Up 2.7%

NASDAQ:ADP opened at $293.84 on Friday. The firm has a market cap of $116.43 billion, a P/E ratio of 26.05, a P/E/G ratio of 2.65 and a beta of 0.83. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $309.40. The firm has a 50-day simple moving average of $277.25 and a 200-day simple moving average of $240.83. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.05 and a current ratio of 1.03.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, October 28th. The business services provider reported $2.82 EPS for the quarter, topping 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 firm had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the firm posted $2.49 EPS. Automatic Data Processing’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities analysts anticipate that Automatic Data Processing, Inc. will post 12.36 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Friday, September 11th were given a dividend of $1.70 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.3%. Automatic Data Processing’s dividend payout ratio is currently 60.28%.

Analysts Set New Price Targets

ADP has been the topic of a number of recent research reports. UBS Group lifted their target price on shares of Automatic Data Processing from $260.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Morgan Stanley upped their price objective on shares of Automatic Data Processing from $286.00 to $288.00 and gave the company an “equal weight” rating in a research note on Thursday. BMO Capital Markets upped their price target on Automatic Data Processing from $248.00 to $305.00 and gave the stock a “market perform” rating in a report on Wednesday, July 29th. Citigroup lifted their price objective on Automatic Data Processing from $287.00 to $295.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Weiss Ratings upgraded shares of Automatic Data Processing from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 22nd. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $283.27.

Key Headlines Impacting Automatic Data Processing

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

• Positive Sentiment: Raised fiscal 2027 outlook: ADP now forecasts 10%–12% growth in adjusted earnings per share and raised its outlook for client-funds interest revenue to $1.59 billion–$1.61 billion. The improved guidance is the clearest near-term catalyst for the stock. ADP forecasts fiscal 2027 adjusted EPS growth
• Positive Sentiment: Quarterly results exceeded expectations: ADP reported earnings of $2.82 per share versus the $2.77 consensus estimate, while revenue of $5.49 billion modestly topped forecasts and increased 6.1% year over year. Management also highlighted AI momentum during the earnings call. ADP fiscal 2027 first-quarter results
• Positive Sentiment: Some analysts see additional upside: Guggenheim reaffirmed a Buy rating with a $340 price target, while Stifel raised its target to $305. Jefferies also lifted its target, although it retained an Underperform rating. Guggenheim ADP rating
• Neutral Sentiment: Expansion in small-business payroll: ADP is broadening its reach among small-business customers, a move that could support long-term client and revenue growth but may require additional investment. ADP small-business payroll expansion
• Negative Sentiment: Valuation and analyst caution: Citi, Morgan Stanley, and RBC maintain neutral or equivalent ratings with targets around $288–$295, while Jefferies remains bearish. A Seeking Alpha analysis also argues that investors should not chase the rally despite ADP’s attractive dividend-growth record. ADP dividend growth and valuation analysis

About Automatic Data Processing

Automatic Data Processing, Inc (NASDAQ: ADP) is a global provider of human capital management and business outsourcing solutions. The company helps employers manage payroll, human resources, workforce administration, benefits, tax compliance, time and attendance, talent management, and related employment processes.

ADP offers cloud-based platforms and services designed for businesses of various sizes, from small enterprises to large organizations. Its portfolio includes payroll processing, human resources management, employee benefits administration, retirement services, workforce management, data analytics, and professional employer organization services through ADP TotalSource.

Founded in 1949, ADP serves businesses in the United States and international markets.