Automatic Data Processing, Inc. $ADP Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA decreased its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,860 shares of the business services provider’s stock after selling 84 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Automatic Data Processing were worth $3,349,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Activest Wealth Management raised its stake in 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 buying an additional 78 shares in the last quarter. Clarity Asset Management Inc. acquired a new stake in Automatic Data Processing during the first quarter valued at approximately $29,000. von Borstel & Associates Inc. acquired a new stake in Automatic Data Processing during the first quarter valued at approximately $30,000. Y.D. More Investments Ltd acquired a new stake in Automatic Data Processing during the first quarter valued at approximately $35,000. Finally, Abound Wealth Management raised its stake in 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 buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $285.89 on Friday. Automatic Data Processing, Inc. has a 12-month low of $272.62 and a 12-month high of $329.93. The firm has a market capitalization of $115.81 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 2.66 and a beta of 0.82. The business has a 50 day simple moving average of $297.56 and a 200 day simple moving average of $303.16. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $5.05 billion. During the same period in the prior year, the company posted $2.09 EPS. The business’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. On average, equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders 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 yield of 2.2%. The ex-dividend date of this dividend was Friday, September 12th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 61.72%.

Wall Street Analyst Weigh In

ADP has been the topic of several research reports. Morgan Stanley upped their price objective on Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of Automatic Data Processing in a research note on Wednesday. Mizuho upped their price objective on Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a research note on Friday, June 13th. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Finally, Stifel Nicolaus increased their price target on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $316.70.

Insider Activity

In other Automatic Data Processing news, VP Don Mcguire sold 13,599 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $4,033,055.43. Following the completion of the transaction, the vice president directly owned 17,684 shares of the company’s stock, valued at approximately $5,244,543.88. This trade represents a 43.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Michael A. Bonarti sold 8,728 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total value of $2,604,697.04. Following the transaction, the vice president directly owned 80,531 shares of the company’s stock, valued at approximately $24,032,866.33. The trade was a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,516 shares of company stock worth $15,632,410 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.

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.