Automatic Data Processing, Inc. $ADP Shares Sold by Northstar Asset Management Inc.

Northstar Asset Management Inc. cut its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,601 shares of the business services provider’s stock after selling 356 shares during the quarter. Automatic Data Processing comprises about 4.7% of Northstar Asset Management Inc.’s holdings, making the stock its 3rd largest position. Northstar Asset Management Inc.’s holdings in Automatic Data Processing were worth $16,839,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ADP. Vanguard Group Inc. grew its holdings in Automatic Data Processing by 0.5% in the first quarter. Vanguard Group Inc. now owns 40,949,884 shares of the business services provider’s stock worth $12,511,418,000 after purchasing an additional 218,614 shares during the period. Ameriprise Financial Inc. grew its holdings in Automatic Data Processing by 15.7% in the first quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider’s stock worth $1,348,805,000 after purchasing an additional 601,400 shares during the period. Invesco Ltd. grew its holdings in Automatic Data Processing by 3.7% in the first quarter. Invesco Ltd. now owns 4,031,713 shares of the business services provider’s stock worth $1,231,809,000 after purchasing an additional 145,161 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Automatic Data Processing by 2.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,848,307 shares of the business services provider’s stock worth $1,175,773,000 after purchasing an additional 77,296 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Automatic Data Processing by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider’s stock worth $934,647,000 after purchasing an additional 564,187 shares during the period. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on ADP. Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. 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 report on Wednesday, September 17th. Wells Fargo & Company began coverage on shares of Automatic Data Processing in a report on Wednesday. They issued an “underweight” rating and a $288.00 price target for the company. Citigroup began coverage on shares of Automatic Data Processing in a research note on Thursday. They issued a “neutral” rating and a $303.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on shares of 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. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $313.17.

Automatic Data Processing Stock Down 0.2%

Automatic Data Processing stock opened at $280.94 on Friday. Automatic Data Processing, Inc. has a 1-year low of $272.62 and a 1-year high of $329.93. The firm has a market capitalization of $113.81 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 2.58 and a beta of 0.82. The firm’s fifty day moving average price is $293.36 and its two-hundred day moving average price is $302.04. 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 released its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share 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 business had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $5.05 billion. During the same period in the previous year, the company earned $2.09 earnings per share. The firm’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 predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were issued a dividend of $1.54 per share. The ex-dividend date was Friday, September 12th. This represents a $6.16 annualized dividend and a yield of 2.2%. Automatic Data Processing’s payout ratio is 61.72%.

Insider Buying and Selling at Automatic Data Processing

In related news, CEO Maria Black sold 23,605 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 76,161 shares in the company, valued at approximately $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 can be accessed through this link. Also, VP David Foskett sold 1,373 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $407,190.61. Following the transaction, the vice president owned 11,781 shares in the company, valued at approximately $3,493,891.17. This trade represents a 10.44% 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 quarter. 0.20% of the stock is owned by company insiders.

About Automatic Data Processing

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.