Automatic Data Processing, Inc. $ADP Stake Trimmed by TFG Advisers LLC

TFG Advisers LLC cut its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.0% during the second quarter, HoldingsChannel.com reports. The fund owned 24,173 shares of the business services provider’s stock after selling 499 shares during the quarter. Automatic Data Processing makes up approximately 2.6% of TFG Advisers LLC’s investment portfolio, making the stock its 7th biggest holding. TFG Advisers LLC’s holdings in Automatic Data Processing were worth $7,455,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Lecap Asset Management Ltd. bought a new position in shares of Automatic Data Processing during the second quarter valued at approximately $1,888,000. DMKC Advisory Services LLC bought a new position in shares of Automatic Data Processing during the second quarter valued at approximately $1,889,000. Wiser Wealth Management Inc boosted its stake in Automatic Data Processing by 5.0% in the second quarter. Wiser Wealth Management Inc now owns 989 shares of the business services provider’s stock valued at $305,000 after acquiring an additional 47 shares in the last quarter. Vicus Capital acquired a new stake in Automatic Data Processing in the second quarter valued at approximately $202,000. Finally, Naples Global Advisors LLC boosted its stake in Automatic Data Processing by 24.7% in the second quarter. Naples Global Advisors LLC now owns 5,614 shares of the business services provider’s stock valued at $1,740,000 after acquiring an additional 1,111 shares in the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Automatic Data Processing

In related news, VP Michael A. Bonarti sold 8,728 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total value of $2,604,697.04. Following the completion of the sale, the vice president owned 80,531 shares in the company, valued at $24,032,866.33. This trade represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher D’ambrosio sold 597 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total transaction of $177,249.30. Following the completion of the sale, the vice president owned 10,541 shares of the company’s stock, valued at $3,129,622.90. This trade represents a 5.36% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,516 shares of company stock valued at $15,632,410. 0.20% of the stock is owned by company insiders.

Automatic Data Processing Price Performance

Shares of ADP opened at $291.61 on Thursday. Automatic Data Processing, Inc. has a twelve month low of $272.62 and a twelve month high of $329.93. The firm’s fifty day simple moving average is $299.76 and its 200-day simple moving average is $303.45. The firm has a market capitalization of $118.13 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 2.69 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.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $5.05 billion. During the same period last year, the business earned $2.09 EPS. Automatic Data Processing’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. Equities analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently commented on ADP. Royal Bank Of Canada reiterated a “sector perform” rating and set a $315.00 price objective on shares of Automatic Data Processing in a research note on Thursday, June 5th. Morgan Stanley raised their target price on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. UBS Group cut their price objective on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. BMO Capital Markets upgraded shares of Automatic Data Processing to a “hold” rating and set a $340.00 target price on the stock in a research report on Thursday, July 10th. Finally, Mizuho lifted their target price on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a research report on Friday, June 13th. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Automatic Data Processing currently 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.