Automatic Data Processing, Inc. $ADP Holdings Lessened by Heritage Wealth Advisors

Heritage Wealth Advisors trimmed its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 185,744 shares of the business services provider’s stock after selling 313 shares during the period. Automatic Data Processing makes up about 2.7% of Heritage Wealth Advisors’ portfolio, making the stock its 10th biggest position. Heritage Wealth Advisors’ holdings in Automatic Data Processing were worth $57,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the company. Jacobsen Capital Management lifted its holdings in shares of Automatic Data Processing by 3.8% in the 2nd quarter. Jacobsen Capital Management now owns 907 shares of the business services provider’s stock worth $280,000 after acquiring an additional 33 shares during the last quarter. Signature Wealth Management Group raised its position in Automatic Data Processing by 2.3% in the 2nd quarter. Signature Wealth Management Group now owns 1,450 shares of the business services provider’s stock worth $447,000 after purchasing an additional 33 shares during the period. Bangor Savings Bank lifted its stake in Automatic Data Processing by 0.7% in the second quarter. Bangor Savings Bank now owns 4,907 shares of the business services provider’s stock worth $1,513,000 after purchasing an additional 34 shares during the last quarter. Ameritas Advisory Services LLC boosted its position in shares of Automatic Data Processing by 2.1% during the second quarter. Ameritas Advisory Services LLC now owns 1,629 shares of the business services provider’s stock valued at $502,000 after buying an additional 34 shares during the period. Finally, Syntegra Private Wealth Group LLC grew its stake in shares of Automatic Data Processing by 4.7% during the first quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider’s stock valued at $238,000 after buying an additional 35 shares during the last quarter. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Down 0.5%

Shares of Automatic Data Processing stock opened at $249.69 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $100.99 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 2.39 and a beta of 0.86. The firm’s 50-day moving average is $278.43 and its two-hundred day moving average is $297.92. Automatic Data Processing, Inc. has a 1 year low of $247.21 and a 1 year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, beating the consensus estimate of $2.44 by $0.05. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The business had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the previous year, the business posted $2.33 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, research analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 12th will be issued a dividend of $1.70 per share. This is an increase from Automatic Data Processing’s previous quarterly dividend of $1.54. This represents a $6.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, December 12th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 67.13%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Dbs Bank raised Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. reduced their target price on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a research note on Thursday, October 30th. Stifel Nicolaus boosted their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Citigroup assumed coverage on shares of Automatic Data Processing in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price target on the stock. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Automatic Data Processing in a research note on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $312.67.

Insiders Place Their Bets

In other news, CEO Maria Black sold 23,605 shares of the business’s 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. The trade was a 23.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 sale, the vice president directly owned 17,536 shares in the company, valued at approximately $5,200,651.52. The trade was a 20.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 52,516 shares of company stock worth $15,632,410. Insiders own 0.20% of the company’s stock.

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.