First Pacific Financial Purchases 471 Shares of Automatic Data Processing, Inc. $ADP

First Pacific Financial boosted its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 124.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 848 shares of the business services provider’s stock after buying an additional 471 shares during the period. First Pacific Financial’s holdings in Automatic Data Processing were worth $262,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Trilogy Capital Inc. bought a new stake in Automatic Data Processing during the 2nd quarter worth approximately $230,000. Trust Co. of Vermont increased its holdings in Automatic Data Processing by 1.1% during the 2nd quarter. Trust Co. of Vermont now owns 58,662 shares of the business services provider’s stock worth $18,091,000 after purchasing an additional 640 shares in the last quarter. Ninety One North America Inc. increased its holdings in Automatic Data Processing by 35.3% during the 2nd quarter. Ninety One North America Inc. now owns 165,286 shares of the business services provider’s stock worth $50,974,000 after purchasing an additional 43,125 shares in the last quarter. Ninety One UK Ltd increased its holdings in Automatic Data Processing by 5.8% during the 2nd quarter. Ninety One UK Ltd now owns 2,402,723 shares of the business services provider’s stock worth $741,000,000 after purchasing an additional 131,049 shares in the last quarter. Finally, Loudon Investment Management LLC increased its holdings in Automatic Data Processing by 2.0% during the 2nd quarter. Loudon Investment Management LLC now owns 4,933 shares of the business services provider’s stock worth $1,521,000 after purchasing an additional 97 shares in the last quarter. 80.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ADP. Morgan Stanley boosted their price objective on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $315.00 target price on shares of Automatic Data Processing in a report on Thursday, June 5th. Mizuho upped their target price on Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a report on Friday, June 13th. Stifel Nicolaus upped their target price on Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a report on Thursday, July 31st. Finally, 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. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Automatic Data Processing has an average rating of “Hold” and an average price target of $316.70.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Joseph Desilva sold 4,614 shares of the stock in a transaction 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 in the company, valued at $5,200,651.52. This represents a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Maria Black sold 23,605 shares of the 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 sale, the chief executive officer owned 76,161 shares in the company, valued at approximately $22,720,349.52. This represents a 23.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,516 shares of company stock valued at $15,632,410 in the last quarter. 0.20% of the stock is currently owned by company insiders.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $291.61 on Thursday. Automatic Data Processing, Inc. has a 12 month low of $272.62 and a 12 month high of $329.93. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The business’s 50 day simple moving average is $299.76 and its 200 day simple moving average is $303.45. The company has a market cap of $118.13 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 2.69 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, beating the consensus estimate of $2.23 by $0.03. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The business had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter in the prior year, the business earned $2.09 earnings per share. Automatic Data Processing’s revenue for the quarter was up 6.3% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Sell-side analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were paid a $1.54 dividend. The ex-dividend date was Friday, September 12th. This represents a $6.16 annualized dividend and a yield of 2.1%. Automatic Data Processing’s dividend payout ratio is presently 61.72%.

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.