Automatic Data Processing, Inc. $ADP Shares Acquired by Rodgers & Associates LTD

Rodgers & Associates LTD lifted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 21.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 918 shares of the business services provider’s stock after purchasing an additional 164 shares during the period. Rodgers & Associates LTD’s holdings in Automatic Data Processing were worth $283,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ADP. Nuveen LLC acquired a new position in shares of Automatic Data Processing in the first quarter valued at approximately $661,771,000. Mackenzie Financial Corp grew its holdings in shares of Automatic Data Processing by 128.1% in the first quarter. Mackenzie Financial Corp now owns 1,585,704 shares of the business services provider’s stock valued at $484,480,000 after purchasing an additional 890,440 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Automatic Data Processing by 15.7% in the first quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider’s stock valued at $1,348,805,000 after purchasing an additional 601,400 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Automatic Data Processing by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider’s stock valued at $934,647,000 after purchasing an additional 564,187 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Automatic Data Processing by 110.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 608,997 shares of the business services provider’s stock valued at $186,067,000 after purchasing an additional 319,132 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Wall Street Analyst Weigh In

ADP has been the subject of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. BMO Capital Markets upgraded shares of Automatic Data Processing to a “hold” rating and set a $340.00 price target for the company in a research note on Thursday, July 10th. Morgan Stanley lifted their price target 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. Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Finally, UBS Group decreased their price target on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Automatic Data Processing has a consensus rating of “Hold” and an average price target of $316.70.

Insider Buying and Selling at Automatic Data Processing

In other news, VP David Foskett sold 1,373 shares of the business’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 transaction of $407,190.61. Following the completion of the sale, the vice president owned 11,781 shares in the company, valued at approximately $3,493,891.17. The trade was a 10.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joseph Desilva sold 4,614 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $1,368,373.98. Following the sale, the vice president owned 17,536 shares of the company’s stock, valued at $5,200,651.52. This represents a 20.83% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,516 shares of company stock worth $15,632,410. 0.20% of the stock is owned by insiders.

Automatic Data Processing Stock Up 0.4%

Shares of Automatic Data Processing stock opened at $281.27 on Friday. The company has a market capitalization of $113.94 billion, a P/E ratio of 28.18, a P/E/G ratio of 2.57 and a beta of 0.82. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. Automatic Data Processing, Inc. has a 52-week low of $272.62 and a 52-week high of $329.93. The company has a 50 day moving average of $295.32 and a 200 day moving average of $302.34.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.03. The business had revenue of $5.13 billion during 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 company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

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

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.