Sunbelt Securities Inc. Sells 220 Shares of Automatic Data Processing, Inc. (NASDAQ:ADP)

28 Jun 2025, 07:01 by Scott Moore · The Cerbat Gem

Sunbelt Securities Inc. decreased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,567 shares of the business services provider’s stock after selling 220 shares during the quarter. Sunbelt Securities Inc.’s holdings in Automatic Data Processing were worth $1,395,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ADP. Main Street Group LTD increased its position in Automatic Data Processing by 50.7% during the fourth quarter. Main Street Group LTD now owns 113 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 38 shares during the last quarter. Cyrus J. Lawrence LLC boosted its stake in shares of Automatic Data Processing by 121.8% during the 4th quarter. Cyrus J. Lawrence LLC now owns 122 shares of the business services provider’s stock worth $35,000 after purchasing an additional 67 shares during the period. Abound Wealth Management boosted its stake in shares of Automatic Data Processing by 58.1% during the 1st quarter. Abound Wealth Management now owns 117 shares of the business services provider’s stock worth $36,000 after purchasing an additional 43 shares during the period. Banque de Luxembourg S.A. bought a new position in Automatic Data Processing during the 4th quarter valued at about $37,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Automatic Data Processing in the 4th quarter worth about $37,000. Institutional investors own 80.03% of the company’s stock.

Insider Buying and Selling

In other news, VP Brian L. Michaud sold 1,500 shares of Automatic Data Processing stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $305.38, for a total transaction of $458,070.00. Following the completion of the sale, the vice president now directly owns 12,073 shares in the company, valued at approximately $3,686,852.74. The trade was a 11.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Christopher D’ambrosio sold 478 shares of the business’s stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $293.14, for a total transaction of $140,120.92. Following the sale, the vice president now directly owns 7,364 shares in the company, valued at $2,158,682.96. This trade represents a 6.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

Automatic Data Processing Stock Up 0.2%

NASDAQ:ADP opened at $303.45 on Friday. Automatic Data Processing, Inc. has a fifty-two week low of $231.27 and a fifty-two week high of $329.93. The stock has a market capitalization of $123.18 billion, a P/E ratio of 31.06, a P/E/G ratio of 3.14 and a beta of 0.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.02 and a current ratio of 1.02. The company’s 50-day simple moving average is $310.53 and its 200-day simple moving average is $303.06.

Automatic Data Processing (NASDAQ:ADP – Get Free Report) last announced its earnings results on Wednesday, April 30th. The business services provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.09. Automatic Data Processing had a net margin of 19.79% and a return on equity of 77.33%. The company had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $5.49 billion. During the same period last year, the firm earned $2.88 earnings per share. Automatic Data Processing’s revenue was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $1.54 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.16 annualized dividend and a yield of 2.03%. Automatic Data Processing’s dividend payout ratio (DPR) is 63.05%.

Analyst Ratings Changes

ADP has been the topic of a number of analyst reports. UBS Group cut their target price on Automatic Data Processing from $323.00 to $315.00 and set a “neutral” rating on the stock in a research note on Friday, June 13th. Royal Bank Of Canada restated a “sector perform” rating and set a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, June 5th. Morgan Stanley increased their target price on Automatic Data Processing from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 17th. TD Securities lifted their target price on Automatic Data Processing from $298.00 to $321.00 and gave the stock a “hold” rating in a research report on Wednesday, May 21st. Finally, Mizuho upped their price target on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an “outperform” rating in a report on Friday, June 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $307.08.

Read Our Latest Stock Report on ADP

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