Automatic Data Processing, Inc. $ADP Shares Acquired by Howe & Rusling Inc.

Howe & Rusling Inc. boosted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 133.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,642 shares of the business services provider’s stock after buying an additional 2,085 shares during the quarter. Howe & Rusling Inc.’s holdings in Automatic Data Processing were worth $1,123,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Activest Wealth Management grew its holdings in shares of Automatic Data Processing by 2,600.0% in the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock worth $25,000 after acquiring an additional 78 shares during the last quarter. Harbor Asset Planning Inc. acquired a new position in shares of Automatic Data Processing in the 2nd quarter valued at $26,000. Mid American Wealth Advisory Group Inc. purchased a new position in Automatic Data Processing in the 2nd quarter worth about $26,000. Solstein Capital LLC acquired a new stake in Automatic Data Processing during the 2nd quarter worth about $28,000. Finally, Westside Investment Management Inc. raised its holdings in Automatic Data Processing by 80.0% during the 2nd quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock worth $28,000 after buying an additional 40 shares during the period. Institutional investors own 80.03% of the company’s stock.

Analyst Ratings Changes

ADP has been the subject of several recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Automatic Data Processing in a report on Wednesday. Morgan Stanley raised their price objective on shares of 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. Wells Fargo & Company lowered their price objective on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. UBS Group reduced their target price on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. Finally, Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $312.67.

Automatic Data Processing Stock Down 0.5%

Automatic Data Processing stock opened at $249.06 on Friday. Automatic Data Processing, Inc. has a twelve month low of $247.18 and a twelve month high of $329.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $100.73 billion, a PE ratio of 24.59, a P/E/G ratio of 2.39 and a beta of 0.86. The firm’s 50 day moving average price is $276.61 and its two-hundred day moving average price is $297.25.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the business posted $2.33 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. 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 Increases Dividend

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

Insider Buying and Selling

In other news, VP Don Mcguire sold 13,599 shares of Automatic Data Processing stock in a transaction dated 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 in the company, valued at $5,244,543.88. The trade was a 43.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Maria Black sold 23,605 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $298.32, for a total value of $7,041,843.60. Following the completion of the sale, 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 SEC filing for this sale provides additional information. Over the last 90 days, 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.