Automatic Data Processing, Inc. $ADP Shares Acquired by Coppell Advisory Solutions LLC

Coppell Advisory Solutions LLC raised its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 73.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,254 shares of the business services provider’s stock after acquiring an additional 531 shares during the period. Coppell Advisory Solutions LLC’s holdings in Automatic Data Processing were worth $371,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. AlphaCore Capital LLC purchased a new stake in Automatic Data Processing in the 1st quarter worth approximately $688,000. Golden State Wealth Management LLC boosted its position in Automatic Data Processing by 29.6% in the 1st quarter. Golden State Wealth Management LLC now owns 565 shares of the business services provider’s stock worth $173,000 after purchasing an additional 129 shares in the last quarter. GAMMA Investing LLC boosted its position in Automatic Data Processing by 13.8% in the 1st quarter. GAMMA Investing LLC now owns 9,495 shares of the business services provider’s stock worth $2,901,000 after purchasing an additional 1,148 shares in the last quarter. Toronto Dominion Bank boosted its position in Automatic Data Processing by 10.2% in the 4th quarter. Toronto Dominion Bank now owns 236,707 shares of the business services provider’s stock worth $69,290,000 after purchasing an additional 21,910 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Automatic Data Processing by 8.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 250,836 shares of the business services provider’s stock worth $76,638,000 after purchasing an additional 20,467 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Insider Transactions at Automatic Data Processing

In related news, CEO Maria Black sold 23,605 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total value of $7,041,843.60. Following the completion of the transaction, the chief executive officer directly owned 76,161 shares of the company’s stock, valued at approximately $22,720,349.52. This represents a 23.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joseph Desilva sold 4,614 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $1,368,373.98. Following the completion of the transaction, the vice president directly owned 17,536 shares of the company’s stock, valued at approximately $5,200,651.52. This represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,191 shares of company stock valued at $12,850,464 in the last 90 days. 0.21% of the stock is owned by company insiders.

Automatic Data Processing Trading Up 0.8%

Shares of ADP stock opened at $298.43 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $120.88 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 2.71 and a beta of 0.82. The stock has a 50 day simple moving average of $304.04 and a 200-day simple moving average of $305.05. Automatic Data Processing, Inc. has a 1-year low of $269.70 and a 1-year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.03. The business had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, equities research analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be paid a $1.54 dividend. This represents a $6.16 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, September 12th. Automatic Data Processing’s dividend payout ratio is currently 61.72%.

Analyst Upgrades and Downgrades

ADP has been the topic of several recent research reports. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Mizuho upped their price objective on Automatic Data Processing from $321.00 to $332.00 and gave the stock an “outperform” rating in a research report on Friday, June 13th. TD Securities upped their price objective 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. BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 target price for the company in a research note on Thursday, July 10th. Finally, Stifel Nicolaus upped their target price on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $317.00.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.