Advisors Preferred LLC Cuts Holdings in Automatic Data Processing, Inc. $ADP

Advisors Preferred LLC trimmed its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 49.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,204 shares of the business services provider’s stock after selling 1,188 shares during the quarter. Advisors Preferred LLC’s holdings in Automatic Data Processing were worth $373,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management boosted its stake 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 valued at $25,000 after purchasing an additional 78 shares during the last quarter. Mid American Wealth Advisory Group Inc. purchased a new stake in Automatic Data Processing during the 2nd quarter valued at $26,000. Harbor Asset Planning Inc. purchased a new stake in Automatic Data Processing during the 2nd quarter valued at $26,000. Solstein Capital LLC purchased a new position in shares of Automatic Data Processing in the 2nd quarter worth $28,000. Finally, Westside Investment Management Inc. boosted its stake in shares of Automatic Data Processing by 80.0% in the 2nd quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock worth $28,000 after buying an additional 40 shares during the last quarter. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Automatic Data Processing Price Performance

NASDAQ ADP opened at $257.17 on Tuesday. The company has a market capitalization of $104.18 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 2.39 and a beta of 0.82. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.05. The business’s fifty day moving average is $288.68 and its 200 day moving average is $301.07. Automatic Data Processing, Inc. has a fifty-two week low of $255.16 and a fifty-two week high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.05. The business had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.14 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $2.33 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Sell-side analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were paid a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, September 12th. Automatic Data Processing’s payout ratio is presently 60.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ADP shares. Citigroup started coverage on Automatic Data Processing in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price target on the stock. Morgan Stanley raised their price target on 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. Stifel Nicolaus raised their price target on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. dropped their price target on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a research note on Thursday, October 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Automatic Data Processing in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $312.67.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP Don Mcguire sold 13,599 shares of the business’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 $4,033,055.43. Following the sale, the vice president directly owned 17,684 shares of the company’s stock, valued at $5,244,543.88. The trade was a 43.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP David Foskett sold 1,373 shares of the business’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 value of $407,190.61. Following the sale, the vice president directly owned 11,781 shares in the company, valued at $3,493,891.17. The trade was a 10.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 52,516 shares of company stock valued at $15,632,410 over the last ninety days. 0.20% of the stock is currently owned by company insiders.

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.