Automatic Data Processing, Inc. $ADP Shares Bought by Stiles Financial Services Inc

Stiles Financial Services Inc lifted its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,614 shares of the business services provider’s stock after acquiring an additional 38 shares during the quarter. Stiles Financial Services Inc’s holdings in Automatic Data Processing were worth $1,115,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. AlphaCore Capital LLC bought a new position in Automatic Data Processing in the 1st quarter worth approximately $688,000. Golden State Wealth Management LLC grew 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 buying an additional 129 shares in the last quarter. Advisory Alpha LLC grew its holdings in Automatic Data Processing by 130.2% in the 1st quarter. Advisory Alpha LLC now owns 4,416 shares of the business services provider’s stock worth $1,349,000 after buying an additional 2,498 shares in the last quarter. Meiji Yasuda Life Insurance Co grew its holdings in Automatic Data Processing by 4.4% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 32,478 shares of the business services provider’s stock worth $9,923,000 after buying an additional 1,375 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in Automatic Data Processing in the 1st quarter worth approximately $39,906,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ADP. BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 price objective for the company in a report on Thursday, July 10th. Dbs Bank raised Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Mizuho increased their price objective on Automatic Data Processing from $321.00 to $332.00 and gave the stock an “outperform” rating in a report on Friday, June 13th. Morgan Stanley upped their target price on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. 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 report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Automatic Data Processing currently has an average rating of “Hold” and a consensus price target of $316.70.

Insider Activity at Automatic Data Processing

In related news, VP Don Mcguire sold 13,599 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $4,033,055.43. Following the completion of the sale, the vice president owned 17,684 shares of the company’s stock, valued at $5,244,543.88. This trade represents a 43.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David Foskett sold 1,373 shares of Automatic Data Processing stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $407,190.61. Following the sale, the vice president directly owned 11,781 shares of the company’s stock, valued at $3,493,891.17. This represents a 10.44% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,516 shares of company stock valued at $15,632,410. Insiders own 0.20% of the company’s stock.

Automatic Data Processing Trading Down 1.7%

NASDAQ ADP opened at $285.89 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. The company has a market capitalization of $115.81 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 2.66 and a beta of 0.82. Automatic Data Processing, Inc. has a 1-year low of $272.62 and a 1-year high of $329.93. The firm’s fifty day simple moving average is $297.56 and its 200-day simple moving average is $303.16.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping the consensus estimate of $2.23 by $0.03. The firm 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 business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, sell-side analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were paid a dividend of $1.54 per share. The ex-dividend date was Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a yield of 2.2%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 61.72%.

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.