Insider Selling: Automatic Data Processing (NASDAQ:ADP) VP Sells $859,659.90 in Stock

Automatic Data Processing, Inc. (NASDAQ:ADP) VP Virginia Magliulo sold 2,927 shares of Automatic Data Processing stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $293.70, for a total transaction of $859,659.90. Following the transaction, the vice president directly owned 14,865 shares in the company, valued at $4,365,850.50. The trade was a 16.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Automatic Data Processing Stock Up 2.5%

Shares of NASDAQ:ADP opened at $303.54 on Thursday. The company has a 50 day moving average price of $278.29 and a two-hundred day moving average price of $241.44. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.05 and a current ratio of 1.03. The company has a market capitalization of $119.83 billion, a PE ratio of 26.91, a PEG ratio of 2.66 and a beta of 0.77. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $309.40.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, October 28th. The business services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The company had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Automatic Data Processing had a net margin of 20.33% and a return on equity of 77.01%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $2.49 earnings per share. Analysts forecast that Automatic Data Processing, Inc. will post 12.38 earnings per share for the current year.

Key Headlines Impacting Automatic Data Processing

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

• Positive Sentiment: ADP’s October National Employment Report showed private employers added 86,000 jobs, above the 69,000 estimate. The result points to continued hiring, although it was slightly below September’s 90,000. October private-sector hiring report
• Positive Sentiment: Broader market coverage cited a rally as uncertainty surrounding the U.S. midterm elections eased, providing a potentially supportive backdrop for ADP shares. Market rally article
• Neutral Sentiment: ADP announced finalists for its 2027 HCM Distinction Awards, highlighting industry recognition but offering no clear near-term financial catalyst. HCM award finalists announcement
• Negative Sentiment: Vice President Michael Bonarti sold 7,487 shares worth about $2.25 million. The sale was made under a pre-arranged Rule 10b5-1 plan, which makes it a less direct bearish signal, but insider selling can still draw investor attention. Insider sale report

Institutional Investors Weigh In On Automatic Data Processing

Several large investors have recently made changes to their positions in ADP. BlackRock Inc. acquired a new stake in shares of Automatic Data Processing in the 2nd quarter valued at approximately $8,097,229,000. Bank of America Corp DE acquired a new position in Automatic Data Processing during the second quarter worth $1,231,175,000. Deutsche Bank AG acquired a new position in Automatic Data Processing during the second quarter worth $994,937,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Automatic Data Processing by 3.1% during 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 worth $952,112,000 after buying an additional 129,376 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Automatic Data Processing during the second quarter worth $725,513,000. Institutional investors own 80.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ADP shares. Weiss Ratings upgraded Automatic Data Processing from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. Stifel Nicolaus boosted their target price on Automatic Data Processing from $285.00 to $305.00 and gave the company a “hold” rating in a research note on Thursday, October 29th. Citigroup increased their price target on Automatic Data Processing from $287.00 to $295.00 and gave the stock a “neutral” rating in a report on Thursday, October 29th. Morgan Stanley raised their price target on Automatic Data Processing from $286.00 to $288.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 29th. Finally, Jefferies Financial Group lifted their price objective on Automatic Data Processing from $225.00 to $250.00 and gave the company an “underperform” rating in a report on Wednesday, October 28th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $285.00.

About Automatic Data Processing

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.