Automatic Data Processing, Inc. $ADP Shares Sold by Seilern Investment Management Ltd

Seilern Investment Management Ltd cut its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 23.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,418 shares of the business services provider’s stock after selling 1,990 shares during the quarter. Automatic Data Processing accounts for about 0.2% of Seilern Investment Management Ltd’s portfolio, making the stock its 20th biggest holding. Seilern Investment Management Ltd’s holdings in Automatic Data Processing were worth $1,656,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sax Wealth Advisors LLC lifted its position in shares of Automatic Data Processing by 38.9% in the third quarter. Sax Wealth Advisors LLC now owns 8,416 shares of the business services provider’s stock worth $2,172,000 after purchasing an additional 2,358 shares in the last quarter. Fermata Advisors LLC boosted its holdings in Automatic Data Processing by 6.0% during the third quarter. Fermata Advisors LLC now owns 1,260 shares of the business services provider’s stock worth $325,000 after purchasing an additional 71 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in Automatic Data Processing by 18.8% in the third quarter. NorthCrest Asset Manangement LLC now owns 1,589 shares of the business services provider’s stock valued at $430,000 after purchasing an additional 251 shares in the last quarter. Woodstock Corp grew its position in Automatic Data Processing by 1.2% in the third quarter. Woodstock Corp now owns 56,739 shares of the business services provider’s stock valued at $14,642,000 after purchasing an additional 684 shares in the last quarter. Finally, Baron Financial Group LLC acquired a new stake in Automatic Data Processing in the 3rd quarter valued at $217,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock traded up $1.12 on Tuesday, hitting $274.94. The stock had a trading volume of 420,957 shares, compared to its average volume of 2,873,617. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $288.00. The business’s 50 day moving average is $272.09 and its two-hundred day moving average is $240.23. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.82. The stock has a market cap of $108.94 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 2.45 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported $2.64 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.44 billion. During the same period in the prior year, the company posted $2.26 earnings per share. Automatic Data Processing’s revenue was up 6.8% compared to the same quarter last year. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. Analysts forecast that Automatic Data Processing, Inc. will post 12.27 EPS for the current year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 11th were issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, September 11th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 62.16%.

Insiders Place Their Bets

In other Automatic Data Processing news, CEO Maria Black sold 29,810 shares of Automatic Data Processing stock in a transaction dated 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 transaction, the chief executive officer owned 80,624 shares in the company, valued at $22,648,087.84. The trade was a 26.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Brian Michaud sold 120 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $279.70, for a total transaction of $33,564.00. Following the transaction, the vice president owned 18,442 shares of the company’s stock, valued at approximately $5,158,227.40. This represents a 0.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In 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 company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Morgan Stanley increased their price target on Automatic Data Processing from $240.00 to $286.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Wells Fargo & Company boosted their price target on Automatic Data Processing from $248.00 to $283.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. UBS Group upped their price objective on Automatic Data Processing from $260.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. TD Cowen increased their price objective 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, BMO Capital Markets raised their target price on shares of Automatic Data Processing from $248.00 to $305.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $273.50.

About Automatic Data Processing

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

ADP offers cloud-based platforms and related services designed for businesses of different sizes, from small companies to large multinational employers. Its offerings include payroll and HR software, workforce analytics, talent management tools, retirement and insurance-related administration, and professional employer organization services through ADP TotalSource.