S&P 500 slips as Fed meeting kicks off
Director Carlos A Rodriguez of Automatic Data Processing Inc (NASDAQ:ADP), a $119.8 billion market cap company with impressive gross profit margins of 48.4%, sold 22,402 shares of common stock on September 3rd and 4th, for a total of approximately $7,004,406. The sales prices ranged from $296.3607 to $301.292 per share. According to InvestingPro analysis, ADP maintains strong financial health and generally trades with low price volatility.
The transactions, detailed in a Form 4 filing with the Securities and Exchange Commission, indicate that the sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted in September 2024. Following these transactions, Rodriguez directly owns 37,417.4431 shares of Automatic Data Processing Inc.
Additionally, the report shows that Rodriguez indirectly owns 13,813 shares of the company’s common stock through a trust.
In other recent news, Automatic Data Processing, Inc. (ADP) reported its fourth-quarter earnings for fiscal year 2025, surpassing analysts’ expectations. The company achieved an earnings per share of $2.26, exceeding the forecasted $2.23, and reported revenue of $5.13 billion, which was higher than the anticipated $5.04 billion. Additionally, ADP’s board of directors declared a regular quarterly dividend of $1.54 per share, payable on October 1, 2025, to shareholders of record as of September 12, 2025. In a related development, investment firm Stifel raised its price target for ADP to $318 from $305, citing strong margins and the company’s robust fourth-quarter performance. The firm maintained a Hold rating on the company. Meanwhile, the U.S. private sector, as reported by ADP, added 54,000 jobs in August, indicating a slowdown from previous months. Despite these developments, broader market factors have influenced investor sentiment toward ADP.
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