Automatic Data Processing, Inc. $ADP Shares Purchased by Carderock Capital Management Inc.

Carderock Capital Management Inc. boosted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,969 shares of the business services provider’s stock after buying an additional 339 shares during the period. Automatic Data Processing makes up 2.5% of Carderock Capital Management Inc.’s holdings, making the stock its 8th largest position. Carderock Capital Management Inc.’s holdings in Automatic Data Processing were worth $9,859,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ADP. Global Financial Private Client LLC increased its holdings in shares of Automatic Data Processing by 1.8% during the second quarter. Global Financial Private Client LLC now owns 4,660 shares of the business services provider’s stock valued at $1,437,000 after acquiring an additional 84 shares in the last quarter. ARS Wealth Advisors Group LLC acquired a new position in Automatic Data Processing during the 2nd quarter valued at approximately $282,000. Contravisory Investment Management Inc. raised its holdings in shares of Automatic Data Processing by 6.9% in the second quarter. Contravisory Investment Management Inc. now owns 25,902 shares of the business services provider’s stock worth $7,988,000 after buying an additional 1,683 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its stake in shares of Automatic Data Processing by 2,400.0% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 273,079 shares of the business services provider’s stock worth $84,218,000 after buying an additional 262,156 shares during the period. Finally, Fulton Bank N.A. grew its holdings in shares of Automatic Data Processing by 5.8% during the second quarter. Fulton Bank N.A. now owns 2,446 shares of the business services provider’s stock valued at $754,000 after buying an additional 133 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Transactions at Automatic Data Processing

In other news, VP Joseph Desilva sold 4,614 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $1,368,373.98. Following the transaction, the vice president owned 17,536 shares in the company, valued at $5,200,651.52. This trade represents a 20.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Don Mcguire sold 13,599 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $4,033,055.43. Following the completion of the sale, the vice president directly owned 17,684 shares of the company’s stock, valued at approximately $5,244,543.88. The trade was a 43.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,516 shares of company stock worth $15,632,410 over the last quarter. Company insiders own 0.21% of the company’s stock.

Automatic Data Processing Trading Up 0.8%

Shares of NASDAQ:ADP opened at $290.95 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. Automatic Data Processing, Inc. has a 12-month low of $272.18 and a 12-month high of $329.93. The business has a 50 day moving average of $301.59 and a two-hundred day moving average of $304.00. The company has a market capitalization of $117.85 billion, a PE ratio of 29.15, a PEG ratio of 2.64 and a beta of 0.82.

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

Automatic Data Processing Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. BMO Capital Markets upgraded 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. Stifel Nicolaus lifted their target price on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Morgan Stanley lifted their price objective on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Finally, Mizuho increased their price objective on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an “outperform” rating in a research note on Friday, June 13th. Two equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $314.73.

About Automatic Data Processing

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.