Welch & Forbes LLC Reduces Position in Automatic Data Processing, Inc. $ADP

Welch & Forbes LLC cut its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 237,424 shares of the business services provider’s stock after selling 3,714 shares during the period. Welch & Forbes LLC’s holdings in Automatic Data Processing were worth $73,221,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ADP. Activest Wealth Management lifted its holdings in Automatic Data Processing by 2,600.0% in the first quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 78 shares during the period. Mid American Wealth Advisory Group Inc. purchased a new position in Automatic Data Processing in the second quarter worth about $26,000. Harbor Asset Planning Inc. purchased a new position in Automatic Data Processing in the second quarter worth about $26,000. Solstein Capital LLC purchased a new position in Automatic Data Processing in the second quarter worth about $28,000. Finally, Clarity Asset Management Inc. purchased a new position in Automatic Data Processing in the first quarter worth about $29,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Automatic Data Processing

In related news, 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 transaction of $1,368,373.98. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David Foskett sold 1,373 shares of the business’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 transaction, the vice president owned 11,781 shares of the company’s stock, valued at approximately $3,493,891.17. The trade was a 10.44% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 52,516 shares of company stock worth $15,632,410. 0.20% of the stock is currently owned by corporate insiders.

Automatic Data Processing Stock Down 0.5%

Shares of ADP opened at $260.30 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a 12-month low of $258.19 and a 12-month high of $329.93. The business’s 50 day moving average is $289.62 and its 200 day moving average is $301.27. The company has a market capitalization of $105.44 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 2.39 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.05. The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.14 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.33 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Research analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share 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. Stockholders of record on Friday, September 12th were issued a $1.54 dividend. The ex-dividend date was Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.4%. Automatic Data Processing’s payout ratio is 60.81%.

Wall Street Analyst Weigh In

ADP has been the topic of several research reports. Morgan Stanley raised their target price on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Dbs Bank raised Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. BMO Capital Markets raised 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. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a research report on Wednesday, October 8th. Finally, UBS Group decreased 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 equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $312.67.

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.