SharkNinja shares soar 11% as third quarter results crush expectations
Automatic Data Processing (NASDAQ:ADP), a $121 billion market cap company trading at $299.03, saw Executive Vice President Joseph DeSilva sell 1,987 shares of company stock on September 2nd, at a price of $301.64, totaling $599,358. According to InvestingPro analysis, ADP currently trades above its Fair Value with a P/E ratio of 29.7x.
According to a Form 4 filing with the Securities and Exchange Commission, DeSilva also exercised options to acquire 1,987 shares of Automatic Data Processing at a price of $206.86 on September 2nd, for a total value of $411,030. These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted in September 2024. The company maintains a "GOOD" Financial Health Score according to InvestingPro metrics.
On September 1st, DeSilva acquired 3,879 shares of common stock at $0.00, with a total value of $0, representing restricted stock units converting to common stock. Additionally, on September 2nd, 5,909.418 shares were disposed of at $304.05, with a total value of $1,796,758.
Following these transactions, DeSilva directly owns 22,149.614 shares of Automatic Data Processing.
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 (EPS) of $2.26, exceeding the forecast of $2.23. Revenue also outpaced predictions, reaching $5.13 billion compared to the anticipated $5.04 billion. Stifel raised its price target for ADP to $318 from $305, citing strong margins and a fourth-quarter performance that came in slightly above expectations. The firm maintained a Hold rating, noting the company’s 6% organic constant currency revenue growth, which allowed ADP to reach the high end of its annual guidance range of 6-7%. Additionally, ADP announced a regular quarterly dividend of $1.54 per share, payable on October 1, 2025, to shareholders of record as of September 12, 2025. These developments reflect ADP’s recent business performance and strategic financial decisions.
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