Automatic Data Processing, Inc. $ADP Shares Bought by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC grew its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 142.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,664 shares of the business services provider’s stock after acquiring an additional 1,565 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Automatic Data Processing were worth $821,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. AlphaCore Capital LLC acquired a new position in shares of Automatic Data Processing during the 1st quarter worth approximately $688,000. Golden State Wealth Management LLC increased its holdings 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 acquiring an additional 129 shares in the last quarter. Advisory Alpha LLC raised its position in Automatic Data Processing by 130.2% during the first quarter. Advisory Alpha LLC now owns 4,416 shares of the business services provider’s stock worth $1,349,000 after acquiring an additional 2,498 shares during the period. Meiji Yasuda Life Insurance Co lifted its holdings in Automatic Data Processing by 4.4% during the first quarter. Meiji Yasuda Life Insurance Co now owns 32,478 shares of the business services provider’s stock valued at $9,923,000 after purchasing an additional 1,375 shares in the last quarter. Finally, Richard P Slaughter Associates Inc lifted its holdings in Automatic Data Processing by 92.5% during the second quarter. Richard P Slaughter Associates Inc now owns 1,913 shares of the business services provider’s stock valued at $590,000 after purchasing an additional 919 shares in the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ADP shares. BMO Capital Markets raised shares of 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. Dbs Bank raised Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Morgan Stanley lifted their price target on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. UBS Group reduced their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. Finally, Stifel Nicolaus raised their price objective on Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $316.70.

Insider Transactions at Automatic Data Processing

In related news, VP Joseph Desilva sold 4,614 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $1,368,373.98. Following the completion of the sale, the vice president directly owned 17,536 shares of the company’s stock, valued at $5,200,651.52. This represents a 20.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher D’ambrosio sold 597 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total value of $177,249.30. Following the transaction, the vice president owned 10,541 shares in the company, valued at $3,129,622.90. This represents a 5.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock valued at $15,632,410 over the last quarter. 0.20% of the stock is owned by corporate insiders.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $291.61 on Thursday. Automatic Data Processing, Inc. has a 52 week low of $272.62 and a 52 week high of $329.93. The stock has a market capitalization of $118.13 billion, a PE ratio of 29.22, a P/E/G ratio of 2.69 and a beta of 0.82. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average of $299.76 and a two-hundred day moving average of $303.45.

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

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were paid a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, September 12th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 61.72%.

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.