Choreo LLC Sells 1,917 Shares of Automatic Data Processing, Inc. $ADP

Choreo LLC decreased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 55,651 shares of the business services provider’s stock after selling 1,917 shares during the period. Choreo LLC’s holdings in Automatic Data Processing were worth $14,457,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Automatic Data Processing during the second quarter valued at about $8,097,229,000. Bank of America Corp DE purchased a new stake in shares of Automatic Data Processing in the second quarter worth about $1,231,175,000. Deutsche Bank AG bought a new position in shares of Automatic Data Processing in the second quarter valued at approximately $994,937,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Automatic Data Processing by 3.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,251,447 shares of the business services provider’s stock valued at $952,112,000 after acquiring an additional 129,376 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Automatic Data Processing in the second quarter valued at approximately $725,513,000. Institutional investors own 80.03% of the company’s stock.

More Automatic Data Processing News

Here are the key news stories impacting Automatic Data Processing this week:

• Positive Sentiment: Raised fiscal 2027 outlook: ADP now expects adjusted earnings-per-share growth of approximately 10%–12% for fiscal 2027 and increased its client-funds interest revenue outlook to $1.59 billion–$1.61 billion. ADP forecasts fiscal 2027 adjusted EPS growth
• Positive Sentiment: First-quarter beat: Fiscal Q1 earnings were $2.82 per share versus the $2.77 consensus, while revenue reached $5.49 billion, slightly above estimates and up 6.1% year over year. ADP Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: Growth initiatives: ADP’s earnings call highlighted momentum from AI adoption, while a new PNC Bank partnership will embed ADP payroll, HR and benefits tools into PNC’s digital banking platform, potentially expanding its small-business reach. PNC Bank and ADP announce embedded payroll solution
• Positive Sentiment: Some analysts raised targets: Guggenheim reaffirmed a Buy rating with a $340 target, while Stifel raised its target to $305 from $285. These targets imply additional upside and reinforce the positive reaction to the guidance increase.
• Neutral Sentiment: Mixed but generally higher targets: Citigroup raised its target to $295 while maintaining Neutral, Morgan Stanley lifted its target to $288 with an Equal Weight rating, and RBC assigned a $290 target with Sector Perform. The modest targets suggest analysts see limited near-term upside at the current valuation.
• Negative Sentiment: Valuation concerns remain: Jefferies raised its target to $250 but retained an Underperform rating, indicating that some analysts believe ADP’s valuation and slowing organic growth could limit gains despite the earnings beat.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP Brian Michaud sold 120 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $279.70, for a total value of $33,564.00. Following the completion of the transaction, the vice president owned 18,442 shares of the company’s stock, valued at $5,158,227.40. The trade was a 0.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP David Kwon sold 798 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $280.00, for a total transaction of $223,440.00. Following the completion of the transaction, the vice president directly owned 13,193 shares in the company, valued at $3,694,040. The trade was a 5.70% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 31,359 shares of company stock valued at $8,809,422. Company insiders own 0.15% of the company’s stock.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $286.08 on Friday. The firm has a market capitalization of $113.36 billion, a P/E ratio of 25.36, a P/E/G ratio of 2.58 and a beta of 0.83. The company has a quick ratio of 1.05, a current ratio of 1.03 and a debt-to-equity ratio of 0.98. The stock’s 50-day simple moving average is $276.96 and its two-hundred day simple moving average is $240.67. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $309.40.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, October 28th. The business services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.05. The firm had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Automatic Data Processing had a return on equity of 77.01% and a net margin of 20.33%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.49 EPS. As a group, equities analysts anticipate that Automatic Data Processing, Inc. will post 12.29 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 11th were given a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, September 11th. Automatic Data Processing’s dividend payout ratio is 60.28%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Weiss Ratings raised shares of Automatic Data Processing from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 22nd. BMO Capital Markets increased their target price on shares of Automatic Data Processing from $248.00 to $305.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 29th. Morgan Stanley increased their target price on shares of Automatic Data Processing from $286.00 to $288.00 and gave the stock an “equal weight” rating in a research note on Thursday. Cantor Fitzgerald raised their price target on shares of Automatic Data Processing from $295.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Finally, Stifel Nicolaus boosted their price target on shares of Automatic Data Processing from $285.00 to $305.00 and gave the company a “hold” rating in a research report on Thursday. Three 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $283.27.

Automatic Data Processing 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.