J. Safra Sarasin Holding AG Sells 1,978 Shares of Automatic Data Processing, Inc. $ADP

J. Safra Sarasin Holding AG trimmed its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 241,452 shares of the business services provider’s stock after selling 1,978 shares during the quarter. Automatic Data Processing makes up 1.3% of J. Safra Sarasin Holding AG’s holdings, making the stock its 20th largest position. J. Safra Sarasin Holding AG’s holdings in Automatic Data Processing were worth $74,464,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ADP. Activest Wealth Management raised 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 valued at $25,000 after purchasing an additional 78 shares during the period. Clarity Asset Management Inc. bought a new stake in shares of Automatic Data Processing in the 1st quarter valued at about $29,000. von Borstel & Associates Inc. bought a new stake in shares of Automatic Data Processing in the 1st quarter valued at about $30,000. Y.D. More Investments Ltd bought a new stake in shares of Automatic Data Processing in the 1st quarter valued at about $35,000. Finally, Abound Wealth Management raised 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 valued at $36,000 after purchasing an additional 43 shares during the period. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Stock Down 0.6%

Shares of ADP opened at $291.61 on Thursday. Automatic Data Processing, Inc. has a 12 month low of $272.62 and a 12 month high of $329.93. The firm’s 50 day moving average is $299.76 and its 200-day moving average is $303.45. The stock has a market capitalization of $118.13 billion, a PE ratio of 29.22, a P/E/G 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 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 company had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $5.05 billion. During the same period last year, the firm earned $2.09 earnings per share. The business’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 research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were issued a dividend of $1.54 per share. 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 dividend payout ratio (DPR) is currently 61.72%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ADP shares. Mizuho increased their price target on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a report on Friday, June 13th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $315.00 price target on shares of Automatic Data Processing in a report on Thursday, June 5th. Morgan Stanley increased their price target 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. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Finally, BMO Capital Markets raised shares of Automatic Data Processing to a “hold” rating and set a $340.00 price target on the stock in a report on Thursday, July 10th. Two investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $316.70.

Insider Activity at Automatic Data Processing

In related news, CEO Maria Black sold 23,605 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the sale, the chief executive officer owned 76,161 shares in the company, valued at approximately $22,720,349.52. This trade represents a 23.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David Foskett sold 1,373 shares of the 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 $407,190.61. Following the sale, the vice president owned 11,781 shares in the company, valued at $3,493,891.17. This represents a 10.44% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 52,516 shares of company stock valued at $15,632,410. 0.20% of the stock is currently owned by company insiders.

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.