Automatic Data Processing (NASDAQ:ADP) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Automatic Data Processing (NASDAQ:ADP) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The firm issued an underweight rating and a $288.00 price target on the business services provider’s stock.

A number of other equities research analysts also recently commented on ADP. UBS Group decreased their target price on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. BMO Capital Markets raised shares of Automatic Data Processing to a “hold” rating and set a $340.00 price target for the company in a report on Thursday, July 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Finally, Stifel Nicolaus increased their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a report on Thursday, July 31st. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $313.17.

Automatic Data Processing Price Performance

NASDAQ:ADP opened at $280.94 on Wednesday. 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 $113.81 billion, a P/E ratio of 28.15, a P/E/G ratio of 2.58 and a beta of 0.82. Automatic Data Processing has a 12 month low of $272.62 and a 12 month high of $329.93. The business’s 50-day moving average is $293.36 and its 200 day moving average is $302.04.

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 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 return on equity of 72.84% and a net margin of 19.84%.The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, equities research analysts forecast that Automatic Data Processing will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

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

Insiders Place Their Bets

In other Automatic Data Processing news, VP Joseph Desilva sold 4,614 shares of the firm’s stock in a transaction dated 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 sale, the vice president owned 17,536 shares of the company’s stock, valued at $5,200,651.52. This trade represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael A. Bonarti sold 8,728 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the completion of the sale, the vice president directly owned 80,531 shares of the company’s stock, valued at approximately $24,032,866.33. The trade was a 9.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,516 shares of company stock valued at $15,632,410 over the last quarter. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of Automatic Data Processing

Institutional investors and hedge funds have recently modified their holdings of the stock. Activest Wealth Management raised its stake in shares of Automatic Data Processing by 2,600.0% during the first quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 78 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new position in Automatic Data Processing during the second quarter valued at approximately $26,000. Harbor Asset Planning Inc. purchased a new position in Automatic Data Processing during the second quarter valued at approximately $26,000. Howard Hughes Medical Institute purchased a new position in Automatic Data Processing during the second quarter valued at approximately $27,000. Finally, Solstein Capital LLC purchased a new position in Automatic Data Processing during the second quarter valued at approximately $28,000. Institutional investors own 80.03% of the company’s stock.

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.