Bar Harbor Wealth Management Has $14.54 Million Stake in Automatic Data Processing, Inc. $ADP

Bar Harbor Wealth Management decreased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,138 shares of the business services provider’s stock after selling 41 shares during the quarter. Bar Harbor Wealth Management’s holdings in Automatic Data Processing were worth $14,537,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Activest Wealth Management lifted its holdings in shares of Automatic Data Processing by 2,600.0% in the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock worth $25,000 after purchasing an additional 78 shares in the last quarter. Clarity Asset Management Inc. bought a new position in shares of Automatic Data Processing in the 1st quarter worth $29,000. von Borstel & Associates Inc. bought a new position in shares of Automatic Data Processing in the 1st quarter worth $30,000. Y.D. More Investments Ltd bought a new position in shares of Automatic Data Processing in the 1st quarter worth $35,000. Finally, Abound Wealth Management lifted its holdings in shares of Automatic Data Processing by 58.1% in the 1st quarter. Abound Wealth Management now owns 117 shares of the business services provider’s stock worth $36,000 after purchasing an additional 43 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ADP shares. BMO Capital Markets upgraded Automatic Data Processing to a “hold” rating and set a $340.00 target price on the stock in a report on Thursday, July 10th. Morgan Stanley increased their target price on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday. Mizuho increased their target price on Automatic Data Processing from $321.00 to $332.00 and gave the stock an “outperform” rating in a report on Friday, June 13th. Finally, UBS Group dropped their price objective on 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. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $316.70.

Insider Activity at Automatic Data Processing

In other news, VP Christopher D’ambrosio sold 597 shares of Automatic Data Processing stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total transaction of $177,249.30. Following the sale, the vice president directly owned 10,541 shares in the company, valued at $3,129,622.90. The trade was a 5.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $1,368,373.98. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,516 shares of company stock worth $15,632,410. 0.20% of the stock is owned by company insiders.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $290.70 on Thursday. 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 stock’s fifty day simple moving average is $298.04 and its two-hundred day simple moving average is $303.25. 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 cap of $117.76 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 2.68 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.03. The business had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The business’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the business earned $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were paid a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, September 12th. Automatic Data Processing’s payout ratio is presently 61.72%.

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.