Insight Wealth Strategies LLC Acquires 2,142 Shares of Automatic Data Processing, Inc. $ADP

Insight Wealth Strategies LLC boosted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 14.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,272 shares of the business services provider’s stock after acquiring an additional 2,142 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Automatic Data Processing were worth $5,069,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Brighton Jones LLC grew its stake in Automatic Data Processing by 92.1% in the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock worth $2,935,000 after buying an additional 4,808 shares in the last quarter. Bison Wealth LLC raised its position in shares of Automatic Data Processing by 22.8% during the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 681 shares in the last quarter. Corient IA LLC bought a new stake in shares of Automatic Data Processing during the 1st quarter worth $306,000. Brooklyn Investment Group grew its position in Automatic Data Processing by 32.0% in the first quarter. Brooklyn Investment Group now owns 3,390 shares of the business services provider’s stock worth $1,036,000 after acquiring an additional 822 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its position in Automatic Data Processing by 12.9% in the first quarter. Aptus Capital Advisors LLC now owns 32,871 shares of the business services provider’s stock worth $10,043,000 after acquiring an additional 3,758 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Down 0.4%

Shares of NASDAQ ADP opened at $264.95 on Tuesday. The company has a market cap of $107.16 billion, a price-to-earnings ratio of 26.15 and a beta of 0.86. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average is $265.42 and its 200 day moving average is $290.13. Automatic Data Processing, Inc. has a 52 week low of $247.18 and a 52 week high of $329.93.

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

Automatic Data Processing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be issued a dividend of $1.70 per share. The ex-dividend date is Friday, December 12th. This represents a $6.80 dividend on an annualized basis and a yield of 2.6%. This is a boost from Automatic Data Processing’s previous quarterly dividend of $1.54. Automatic Data Processing’s dividend payout ratio (DPR) is presently 67.13%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup initiated coverage on Automatic Data Processing in a research report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price target on the stock. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. decreased their price objective on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 8th. Finally, Jefferies Financial Group restated an “underperform” rating and issued a $230.00 price objective (down from $245.00) on shares of Automatic Data Processing in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $306.42.

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.