Mutual Advisors LLC Grows Position in Automatic Data Processing, Inc. $ADP

Mutual Advisors LLC grew its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 13.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,012 shares of the business services provider’s stock after purchasing an additional 1,074 shares during the period. Mutual Advisors LLC’s holdings in Automatic Data Processing were worth $2,781,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Generali Asset Management SPA SGR lifted its position in shares of Automatic Data Processing by 6.2% during the 2nd quarter. Generali Asset Management SPA SGR now owns 44,332 shares of the business services provider’s stock valued at $13,672,000 after buying an additional 2,593 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of Automatic Data Processing by 7.1% during the 2nd quarter. Ritholtz Wealth Management now owns 24,745 shares of the business services provider’s stock valued at $7,631,000 after buying an additional 1,636 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its position in shares of Automatic Data Processing by 3.4% during the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 8,244 shares of the business services provider’s stock valued at $2,542,000 after buying an additional 271 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its position in shares of Automatic Data Processing by 41.2% during the 2nd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 386,739 shares of the business services provider’s stock valued at $118,951,000 after buying an additional 112,934 shares in the last quarter. Finally, Cypress Wealth Services LLC lifted its position in shares of Automatic Data Processing by 7.7% during the 2nd quarter. Cypress Wealth Services LLC now owns 981 shares of the business services provider’s stock valued at $302,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. BMO Capital Markets upgraded Automatic Data Processing to a “hold” rating and set a $340.00 price objective on the stock in a report on Thursday, July 10th. UBS Group cut their target price on 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. Stifel Nicolaus raised their target price on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Morgan Stanley raised their target price on 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $316.70.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, CEO Maria Black sold 23,605 shares of Automatic Data Processing 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 transaction, the chief executive officer owned 76,161 shares of the company’s stock, valued at $22,720,349.52. The trade was a 23.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Joseph Desilva sold 4,614 shares of Automatic Data Processing stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $1,368,373.98. Following the transaction, the vice president directly owned 17,536 shares in the company, valued at approximately $5,200,651.52. This trade represents a 20.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,516 shares of company stock valued at $15,632,410 over the last 90 days. 0.20% of the stock is owned by insiders.

Automatic Data Processing Price Performance

ADP stock opened at $280.16 on Friday. The business has a 50 day moving average price of $295.82 and a 200 day moving average price of $302.51. The stock has a market cap of $113.49 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 2.60 and a beta of 0.82. Automatic Data Processing, Inc. has a fifty-two week low of $272.62 and a fifty-two week high of $329.93. 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 (NASDAQ:ADP) last posted its earnings results 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 firm had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company 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 of this dividend was Friday, September 12th. This represents a $6.16 annualized dividend and a yield of 2.2%. Automatic Data Processing’s payout ratio is 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.