Northstar Group Inc. Sells 193 Shares of Automatic Data Processing, Inc. $ADP

Northstar Group Inc. reduced its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,205 shares of the business services provider’s stock after selling 193 shares during the quarter. Northstar Group Inc.’s holdings in Automatic Data Processing were worth $4,689,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Activest Wealth Management boosted its position in shares of Automatic Data Processing by 2,600.0% during the first 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 in the last quarter. Clarity Asset Management Inc. bought a new stake in shares of Automatic Data Processing during the first quarter valued at approximately $29,000. von Borstel & Associates Inc. bought a new stake in shares of Automatic Data Processing during the first quarter valued at approximately $30,000. Y.D. More Investments Ltd bought a new stake in shares of Automatic Data Processing during the first quarter valued at approximately $35,000. Finally, Abound Wealth Management boosted its position in shares of Automatic Data Processing by 58.1% during the first 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 in the last quarter. 80.03% of the stock is currently owned by institutional investors.

Insider Transactions at Automatic Data Processing

In other news, CEO Maria Black sold 23,605 shares of the business’s stock in a transaction 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Joseph Desilva sold 4,614 shares of the business’s 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 completion of the transaction, the vice president owned 17,536 shares of the company’s stock, valued at $5,200,651.52. This represents a 20.83% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,516 shares of company stock valued at $15,632,410. Insiders own 0.20% of the company’s stock.

Automatic Data Processing Trading Down 0.6%

Automatic Data Processing stock opened at $291.61 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 business’s fifty day simple moving average is $299.76 and its two-hundred day simple moving average is $303.45. Automatic Data Processing, Inc. has a 12 month low of $272.62 and a 12 month high of $329.93. The company has a market capitalization of $118.13 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 2.69 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last released 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 return on equity of 72.84% and a net margin of 19.84%.The business had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same period in the previous year, the company posted $2.09 earnings per share. The company’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. As a group, equities analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders 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 payout ratio is currently 61.72%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ADP. BMO Capital Markets upgraded Automatic Data Processing to a “hold” rating and set a $340.00 price target on the stock in a research report on Thursday, July 10th. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. UBS Group dropped their price target 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. Stifel Nicolaus lifted their price target on 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, Royal Bank Of Canada reissued a “sector perform” rating and issued a $315.00 target price on shares of Automatic Data Processing in a report on Thursday, June 5th. Two investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $316.70.

Automatic Data Processing Company 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.