Automatic Data Processing, Inc. $ADP Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lowered its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.2% during the second quarter, HoldingsChannel reports. The fund owned 29,283 shares of the business services provider’s stock after selling 661 shares during the period. Marks Group Wealth Management Inc’s holdings in Automatic Data Processing were worth $9,031,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bangor Savings Bank lifted its position in shares of Automatic Data Processing by 0.7% during the 2nd quarter. Bangor Savings Bank now owns 4,907 shares of the business services provider’s stock worth $1,513,000 after buying an additional 34 shares during the last quarter. Ameritas Advisory Services LLC raised its stake in Automatic Data Processing by 2.1% during the 2nd quarter. Ameritas Advisory Services LLC now owns 1,629 shares of the business services provider’s stock worth $502,000 after acquiring an additional 34 shares in the last quarter. Syntegra Private Wealth Group LLC raised its stake in Automatic Data Processing by 4.7% during the 1st quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider’s stock worth $238,000 after acquiring an additional 35 shares in the last quarter. Transamerica Financial Advisors LLC lifted its position in Automatic Data Processing by 1.0% in 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 acquiring an additional 35 shares during the last quarter. Finally, Ashton Thomas Securities LLC boosted its stake in Automatic Data Processing by 4.1% in the first quarter. Ashton Thomas Securities LLC now owns 883 shares of the business services provider’s stock valued at $270,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Don Mcguire sold 13,599 shares of Automatic Data Processing 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 $4,033,055.43. Following the sale, the vice president owned 17,684 shares of the company’s stock, valued at approximately $5,244,543.88. The trade was a 43.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Maria Black sold 23,605 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total value of $7,041,843.60. Following the transaction, the chief executive officer owned 76,161 shares in the company, valued at $22,720,349.52. The trade was a 23.66% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,516 shares of company stock valued at $15,632,410. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ADP has been the topic of a number of research analyst reports. 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. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Stifel Nicolaus boosted their price objective on Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a report on Saturday, September 27th. Finally, Morgan Stanley lifted their target price on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $316.70.

Automatic Data Processing Trading Up 0.5%

Shares of ADP stock opened at $291.31 on Monday. The company has a market capitalization of $118.01 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82. 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 business’s 50 day moving average is $299.08 and its two-hundred day moving average is $303.44. Automatic Data Processing, Inc. has a twelve month low of $272.62 and a twelve month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share 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 during the quarter, compared to the consensus estimate of $5.05 billion. During the same period last year, the company earned $2.09 earnings per share. The company’s revenue for the quarter 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. Equities analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current 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. The ex-dividend date of this dividend was Friday, September 12th. This represents a $6.16 annualized dividend and a dividend yield of 2.1%. Automatic Data Processing’s payout ratio is presently 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.