Mitchell Mcleod Pugh & Williams Inc. Boosts Stake in Automatic Data Processing, Inc. $ADP

Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,244 shares of the business services provider’s stock after acquiring an additional 271 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Automatic Data Processing were worth $2,542,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Activest Wealth Management increased its holdings in shares of 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 last quarter. Clarity Asset Management Inc. acquired a new position in Automatic Data Processing during the first quarter worth $29,000. von Borstel & Associates Inc. purchased a new stake in Automatic Data Processing in the 1st quarter valued at $30,000. Y.D. More Investments Ltd purchased a new stake in Automatic Data Processing in the 1st quarter valued at $35,000. Finally, Abound Wealth Management raised its holdings in shares of Automatic Data Processing by 58.1% during the 1st quarter. Abound Wealth Management now owns 117 shares of the business services provider’s stock worth $36,000 after acquiring an additional 43 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Price Performance

Shares of ADP opened at $285.92 on Wednesday. Automatic Data Processing, Inc. has a 1-year low of $272.62 and a 1-year high of $329.93. The stock has a market cap of $115.82 billion, a PE ratio of 28.65, a P/E/G ratio of 2.60 and a beta of 0.82. The firm has a 50-day simple moving average of $296.63 and a two-hundred day simple moving average of $302.82. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.03. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The business had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same period last year, the business earned $2.09 earnings per share. The business’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. As a group, analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were given a dividend of $1.54 per share. 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 (DPR) is currently 61.72%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ADP shares. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Morgan Stanley increased their price target on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. BMO Capital Markets raised 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. Finally, UBS Group dropped 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 equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $316.70.

Insider Buying and Selling at Automatic Data Processing

In related news, VP Joseph Desilva sold 4,614 shares of Automatic Data Processing 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 $1,368,373.98. Following the completion of the transaction, the vice president owned 17,536 shares in the company, valued at approximately $5,200,651.52. The trade was a 20.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christopher D’ambrosio sold 597 shares of Automatic Data Processing stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total transaction of $177,249.30. Following the completion of the transaction, the vice president owned 10,541 shares of the company’s stock, valued at $3,129,622.90. This trade represents a 5.36% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,516 shares of company stock valued at $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.