Automatic Data Processing (NASDAQ:ADP) Stock: Insider Michael Bonarti Sells 7,487 Shares

Automatic Data Processing, Inc. (NASDAQ:ADP) VP Michael Bonarti sold 7,487 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $300.00, for a total value of $2,246,100.00. Following the completion of the sale, the vice president directly owned 81,849 shares in the company, valued at approximately $24,554,700. The trade was a 8.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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%

Automatic Data Processing stock opened at $303.54 on Thursday. The stock has a market capitalization of $119.83 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 2.66 and a beta of 0.77. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $309.40. The business has a 50 day simple moving average of $278.29 and a 200-day simple moving average of $241.44. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.03 and a quick ratio of 1.05.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings raised shares of Automatic Data Processing from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. BMO Capital Markets boosted 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 boosted 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, October 29th. Jefferies Financial Group upped their price target on shares of Automatic Data Processing from $225.00 to $250.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 28th. Finally, Citigroup raised their price target on shares of Automatic Data Processing from $287.00 to $295.00 and gave the company a “neutral” rating in a research note on Thursday, October 29th. 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 company has a consensus rating of “Hold” and an average target price of $285.00.

Automatic Data Processing News Roundup

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

Hedge Funds Weigh In On Automatic Data Processing

Several hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Automatic Data Processing during the 2nd quarter worth approximately $13,283,000. Royal Capital Wealth Management LLC purchased a new stake in shares of Automatic Data Processing during the second quarter worth approximately $1,226,000. Canada Pension Plan Investment Board acquired a new stake in shares of Automatic Data Processing in the 2nd quarter valued at $152,706,000. Fulton Bank N.A. lifted its holdings in Automatic Data Processing by 192.0% during the 2nd quarter. Fulton Bank N.A. now owns 7,165 shares of the business services provider’s stock worth $1,605,000 after buying an additional 4,711 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC purchased a new stake in Automatic Data Processing during the second quarter worth approximately $1,044,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

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.