10 Large-Cap Stocks Insiders Are Selling Recently

6. Automatic Data Processing, Inc. (NASDAQ:ADP)

Number of Insiders Selling: 9

Market Capitalization: $125.711B

The sixth large-cap stock insiders are selling recently is Automatic Data Processing, a management services company. Operating in 140 countries, the company offers payroll processing, tax administration, and human capital management services. In the US, it handles payroll for one in six workers and a total of 16 million employees worldwide. It has a 75-year-long history and has been named the 2024 Fortune World’s Most Admired Companies list for 18 consecutive years.

In January, nine insiders sold a total of $11.79 million worth of Automatic Data Processing shares at an average price of $291.51 per share. The stock gained 4.46% since the beginning of the year, and it is now trading at $305.78 per share. Over the past 12 months, the company’s stock gained 22.28%.

As per data from StockAnalysis, the consensus rating on Automatic Data Processing stock is “Hold.” The 12-month stock price forecast is $293.55, representing a decrease of 4% from the latest price.

For the second quarter of fiscal 2023, the company disclosed revenue of $5.05 billion, up 8% from the same period last year. For fiscal year 2025, the company projects revenue growth of 6% to 7%. In January, the company’s board of directors declared a regular quarterly dividend of $1.54 per share. Automatic Data Processing is also one of the 15 Best Dividend Stocks To Buy and Hold.

Over the last five years, the stock returned 68.71%, and its price volatility has been lower than the market average.