Prospera Financial Services Inc Raises Stake in Automatic Data Processing, Inc. $ADP

Prospera Financial Services Inc boosted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 15.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 23,991 shares of the business services provider’s stock after buying an additional 3,182 shares during the period. Prospera Financial Services Inc’s holdings in Automatic Data Processing were worth $7,403,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADP. Brighton Jones LLC increased its holdings in Automatic Data Processing by 92.1% in the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock valued at $2,935,000 after purchasing an additional 4,808 shares in the last quarter. Bison Wealth LLC boosted its position in shares of Automatic Data Processing by 22.8% in the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock worth $1,073,000 after buying an additional 681 shares during the period. MWA Asset Management grew its stake in shares of Automatic Data Processing by 5.2% in the first quarter. MWA Asset Management now owns 2,611 shares of the business services provider’s stock valued at $798,000 after buying an additional 130 shares in the last quarter. IFC Advisors LLC grew its stake in shares of Automatic Data Processing by 1.9% in the first quarter. IFC Advisors LLC now owns 5,264 shares of the business services provider’s stock valued at $1,608,000 after buying an additional 98 shares in the last quarter. Finally, Riversedge Advisors LLC raised its holdings in shares of Automatic Data Processing by 9.6% during the 1st quarter. Riversedge Advisors LLC now owns 1,004 shares of the business services provider’s stock valued at $307,000 after buying an additional 88 shares during the period. 80.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ADP shares. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. decreased their target price on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Morgan Stanley raised 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 report on Thursday, July 31st. UBS Group cut their price objective on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Finally, Citigroup started coverage on shares of Automatic Data Processing in a research report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price objective for the company. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $312.67.

Automatic Data Processing Trading Up 0.7%

ADP opened at $254.16 on Friday. Automatic Data Processing, Inc. has a 12-month low of $249.68 and a 12-month high of $329.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $102.79 billion, a PE ratio of 25.09, a P/E/G ratio of 2.39 and a beta of 0.86. The firm’s fifty day moving average price is $284.90 and its 200 day moving average price is $300.04.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.05. The company had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.14 billion. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $2.33 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.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Michael A. Bonarti sold 8,728 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the sale, the vice president owned 80,531 shares in the company, valued at $24,032,866.33. This represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Joseph Desilva sold 4,614 shares of the 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 represents a 20.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 52,516 shares of company stock valued at $15,632,410 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Automatic Data Processing 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.