Automatic Data Processing, Inc. $ADP Shares Bought by Lafayette Investments Inc.

Lafayette Investments Inc. raised its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,789 shares of the business services provider’s stock after acquiring an additional 39 shares during the period. Lafayette Investments Inc.’s holdings in Automatic Data Processing were worth $1,169,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ADP. Activest Wealth Management raised its position in Automatic Data Processing by 2,600.0% in the first quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 78 shares during the period. Harbor Asset Planning Inc. acquired a new stake in shares of Automatic Data Processing in the second quarter valued at $26,000. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Automatic Data Processing in the 2nd quarter valued at $26,000. Clarity Asset Management Inc. acquired a new position in Automatic Data Processing during the 1st quarter worth about $29,000. Finally, von Borstel & Associates Inc. acquired a new position in Automatic Data Processing during the 1st quarter worth about $30,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Trading Up 0.6%

NASDAQ ADP opened at $283.03 on Tuesday. Automatic Data Processing, Inc. has a 52 week low of $272.62 and a 52 week high of $329.93. The firm has a 50 day moving average of $294.91 and a two-hundred day moving average of $302.26. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $114.65 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 2.58 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) 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 analysts’ expectations 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 for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.09 EPS. 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 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

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

Analyst Upgrades and Downgrades

ADP has been the subject of several research reports. Morgan Stanley lifted their target price on Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. UBS Group dropped their price objective on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. Stifel Nicolaus upped their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. BMO Capital Markets upgraded shares of Automatic Data Processing to a “hold” rating and set a $340.00 target price on the stock in a report on Thursday, July 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Automatic Data Processing in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Automatic Data Processing presently has a consensus rating of “Hold” and a consensus price target of $316.70.

Insiders Place Their Bets

In other Automatic Data Processing news, VP David Foskett sold 1,373 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $407,190.61. Following the transaction, the vice president directly owned 11,781 shares in the company, valued at $3,493,891.17. This represents a 10.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Maria Black sold 23,605 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the sale, the chief executive officer owned 76,161 shares of the company’s stock, valued at $22,720,349.52. This represents a 23.66% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,516 shares of company stock worth $15,632,410. 0.20% of the stock is currently owned by company insiders.

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.