Bingham Private Wealth LLC Sells 258 Shares of Automatic Data Processing, Inc. $ADP

Bingham Private Wealth LLC decreased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 27.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 685 shares of the business services provider’s stock after selling 258 shares during the quarter. Bingham Private Wealth LLC’s holdings in Automatic Data Processing were worth $211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ADP. Brighton Jones LLC raised its holdings in Automatic Data Processing by 92.1% during the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock valued at $2,935,000 after acquiring an additional 4,808 shares during the period. Bison Wealth LLC raised its holdings in Automatic Data Processing by 22.8% during the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock valued at $1,073,000 after acquiring an additional 681 shares during the period. Patriot Financial Group Insurance Agency LLC grew its position in shares of Automatic Data Processing by 6.2% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,672 shares of the business services provider’s stock valued at $511,000 after purchasing an additional 97 shares in the last quarter. Miracle Mile Advisors LLC grew its position in shares of Automatic Data Processing by 5.2% during the 1st quarter. Miracle Mile Advisors LLC now owns 4,570 shares of the business services provider’s stock valued at $1,396,000 after purchasing an additional 226 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in shares of Automatic Data Processing by 8.0% during the 1st quarter. Park Avenue Securities LLC now owns 18,018 shares of the business services provider’s stock valued at $5,505,000 after purchasing an additional 1,341 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Down 0.3%

Shares of NASDAQ:ADP opened at $290.55 on Tuesday. Automatic Data Processing, Inc. has a 52-week low of $272.62 and a 52-week high of $329.93. The firm has a fifty day moving average of $298.75 and a 200 day moving average of $303.41. The firm has a market capitalization of $117.70 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (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 company had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same period in the previous year, the business earned $2.09 earnings per share. The firm’s quarterly revenue 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. As a group, research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

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

Insider Buying and Selling

In related news, VP David Foskett sold 1,373 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $407,190.61. Following the completion of the transaction, the vice president directly owned 11,781 shares in the company, valued at approximately $3,493,891.17. The trade was a 10.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joseph Desilva sold 4,614 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $1,368,373.98. Following the completion of the transaction, the vice president owned 17,536 shares of the company’s stock, valued at $5,200,651.52. This trade represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock valued at $15,632,410 in the last three months. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ADP has been the subject of a number of recent analyst reports. UBS Group reduced their price target on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research report on Wednesday, September 17th. Weiss Ratings restated a “buy (b)” rating on shares of Automatic Data Processing in a research report on Saturday, September 27th. Mizuho boosted their price target 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. Stifel Nicolaus boosted their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research report on Thursday, July 31st. Finally, BMO Capital Markets upgraded shares of Automatic Data Processing to a “hold” rating and set a $340.00 price target for the company in a research report on Thursday, July 10th. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and an average price target 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.