32,415 Shares of Automatic Data Processing, Inc. $ADP Purchased by NBT Bank N.A.

NBT Bank N.A. bought a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 32,415 shares of the business services provider’s stock, valued at approximately $8,365,000.

Several other hedge funds have also recently made changes to their positions in ADP. Root Financial Partners LLC lifted its holdings in Automatic Data Processing by 15.5% in the third quarter. Root Financial Partners LLC now owns 1,254 shares of the business services provider’s stock worth $324,000 after buying an additional 168 shares during the period. Precedent Wealth Partners LLC boosted its position in Automatic Data Processing by 22.5% during the 3rd quarter. Precedent Wealth Partners LLC now owns 10,502 shares of the business services provider’s stock valued at $2,710,000 after acquiring an additional 1,931 shares in the last quarter. E. Ohman J or Asset Management AB grew its holdings in shares of Automatic Data Processing by 3.5% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 14,982 shares of the business services provider’s stock worth $3,866,000 after acquiring an additional 500 shares during the period. SBI Securities Co. Ltd. grew its holdings in shares of Automatic Data Processing by 7.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,983 shares of the business services provider’s stock worth $512,000 after acquiring an additional 129 shares during the period. Finally, Woodward Diversified Capital LLC grew its holdings in shares of Automatic Data Processing by 14.3% during the 3rd quarter. Woodward Diversified Capital LLC now owns 1,454 shares of the business services provider’s stock worth $375,000 after acquiring an additional 182 shares during the period. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing News Summary

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

• Positive Sentiment: Analysts expect ADP to report low-double-digit earnings growth in its upcoming first-quarter results, raising expectations for another strong print and potentially supportive guidance. Automatic Data Processing’s Quarterly Earnings Preview: What You Need to Know
• Positive Sentiment: A valuation analysis suggests ADP could trade at a roughly 17% premium based on its cash-flow generation, reinforcing the bullish case for the company’s predictable, recurring revenue model. Automatic Data Processing Stock Could Trade At A 17% Premium On Cash Flow
• Positive Sentiment: ADP reached a new 52-week high ahead of earnings, signaling strong investor momentum and confidence in the company’s operating outlook. Automatic Data Processing Stock Reaches a 52-Week High Ahead of Results
• Neutral Sentiment: ADP is scheduled to release quarterly results on October 28 before the Xetra market opens, giving investors a near-term catalyst while also increasing the risk of volatility if results or guidance disappoint. ADP Stock Has Results Scheduled October 28 Ahead of Xetra Open
• Neutral Sentiment: Broader concern that the artificial-intelligence trade may be weakening could encourage some investors to favor established, income-oriented companies such as ADP, although a wider market selloff could still weigh on the shares. The All-In Hosts Asked If the AI Trade Is Cracking

Automatic Data Processing Trading Up 4.6%

NASDAQ:ADP opened at $307.94 on Friday. The firm has a market capitalization of $122.02 billion, a P/E ratio of 28.15, a PEG ratio of 2.67 and a beta of 0.83. 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 one year low of $188.16 and a one year high of $308.63. The company’s 50-day simple moving average is $274.83 and its 200 day simple moving average is $245.07.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, July 29th. The business services provider reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.05. Automatic Data Processing had a net margin of 20.11% and a return on equity of 71.34%. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter last year, the firm earned $2.26 earnings per share. The business’s revenue for the quarter 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, analysts forecast that Automatic Data Processing, Inc. will post 12.27 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Friday, September 11th were given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, September 11th. Automatic Data Processing’s payout ratio is currently 62.16%.

Analyst Ratings Changes

ADP has been the subject of a number of research analyst reports. Wells Fargo & Company raised their target price on Automatic Data Processing from $248.00 to $283.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Citigroup lifted their price target on Automatic Data Processing from $230.00 to $287.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. TD Cowen upped their price target on Automatic Data Processing from $216.00 to $223.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Morgan Stanley increased their price objective on Automatic Data Processing from $240.00 to $286.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Finally, Cantor Fitzgerald raised their price objective on Automatic Data Processing from $295.00 to $310.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and a consensus target price of $273.50.

Insider Buying and Selling

In other Automatic Data Processing news, VP David Kwon sold 798 shares of Automatic Data Processing 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Maria Black sold 29,810 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $280.91, for a total value of $8,373,927.10. Following the completion of the sale, the chief executive officer directly owned 80,624 shares in the company, valued at $22,648,087.84. This trade represents a 26.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 33,773 shares of company stock worth $9,450,629. 0.15% of the stock is currently owned by corporate insiders.

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.