Automatic Data Processing, Inc. $ADP Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,341 shares of the business services provider’s stock after selling 4,856 shares during the quarter. Yousif Capital Management LLC’s holdings in Automatic Data Processing were worth $17,120,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Andrew Hill Investment Advisors Inc. boosted its position in shares of Automatic Data Processing by 56.9% during the 3rd quarter. Andrew Hill Investment Advisors Inc. now owns 22,450 shares of the business services provider’s stock valued at $5,793,000 after acquiring an additional 8,145 shares during the last quarter. Boomfish Wealth Group LLC acquired a new stake in Automatic Data Processing in the 3rd quarter valued at approximately $257,000. MBL Wealth LLC acquired a new stake in shares of Automatic Data Processing in the third quarter valued at $381,000. Demars Financial Group LLC grew its position in Automatic Data Processing by 2.9% in the 3rd quarter. Demars Financial Group LLC now owns 7,681 shares of the business services provider’s stock valued at $1,982,000 after acquiring an additional 214 shares in the last quarter. Finally, Compass Wealth Management LLC purchased a new stake in Automatic Data Processing during the 3rd quarter worth approximately $95,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Joseph Desilva sold 631 shares of Automatic Data Processing stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $282.87, for a total value of $178,490.97. Following the completion of the sale, the vice president owned 18,824 shares of the company’s stock, valued at $5,324,744.88. The trade was a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP David Kwon sold 798 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $280.00, for a total value of $223,440.00. Following the completion of the sale, the vice president directly owned 13,193 shares in the company, valued at approximately $3,694,040. The trade was a 5.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 33,773 shares of company stock worth $9,450,629 over the last ninety days. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

ADP has been the topic of a number of recent research reports. Citigroup upped their target price on shares of Automatic Data Processing from $230.00 to $287.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. UBS Group upped their target price on Automatic Data Processing from $260.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Weiss Ratings raised shares of Automatic Data Processing from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 22nd. TD Cowen boosted their target price on Automatic Data Processing from $216.00 to $223.00 and gave the company a “hold” rating in a report on Monday, July 6th. Finally, Cantor Fitzgerald boosted their price target on shares of Automatic Data Processing from $295.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Automatic Data Processing currently has an average rating of “Hold” and an average target price of $276.36.

Automatic Data Processing Price Performance

ADP traded down $3.78 during midday trading on Friday, reaching $304.16. 1,694,101 shares of the company’s stock were exchanged, compared to its average volume of 1,864,279. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.05 and a quick ratio of 1.05. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $309.40. The stock has a market capitalization of $120.52 billion, a PE ratio of 27.80, a P/E/G ratio of 2.79 and a beta of 0.83. The business’s 50-day moving average price is $275.45 and its 200 day moving average price is $245.48.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, July 29th. The business services provider reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.05. Automatic Data Processing had a return on equity of 71.34% and a net margin of 20.11%. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same quarter in the prior year, the company earned $2.26 EPS. Automatic Data Processing’s revenue was up 6.8% on a year-over-year basis. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. As a group, equities analysts anticipate that Automatic Data Processing, Inc. will post 12.27 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 11th were paid a dividend of $1.70 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $6.80 annualized dividend and a dividend yield of 2.2%. Automatic Data Processing’s dividend payout ratio is presently 62.16%.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc (NASDAQ: ADP) is a global provider of human capital management and business outsourcing solutions. The company helps employers manage payroll, human resources, workforce administration, benefits, tax compliance, time and attendance, talent management, and related employment processes.

ADP offers cloud-based platforms and services designed for businesses of various sizes, from small enterprises to large organizations. Its portfolio includes payroll processing, human resources management, employee benefits administration, retirement services, workforce management, data analytics, and professional employer organization services through ADP TotalSource.

Founded in 1949, ADP serves businesses in the United States and international markets.