Signature Estate & Investment Advisors LLC Has $482,000 Stock Holdings in Automatic Data Processing, Inc. $ADP

Signature Estate & Investment Advisors LLC lifted its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,576 shares of the business services provider’s stock after acquiring an additional 84 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Automatic Data Processing were worth $482,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Automatic Data Processing by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 40,949,884 shares of the business services provider’s stock valued at $12,511,418,000 after acquiring an additional 218,614 shares during the period. Ameriprise Financial Inc. raised its position in shares of Automatic Data Processing by 15.7% in the 1st quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider’s stock valued at $1,348,805,000 after acquiring an additional 601,400 shares during the period. Invesco Ltd. raised its position in shares of Automatic Data Processing by 3.7% in the 1st quarter. Invesco Ltd. now owns 4,031,713 shares of the business services provider’s stock valued at $1,231,809,000 after acquiring an additional 145,161 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Automatic Data Processing by 16.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,771,011 shares of the business services provider’s stock valued at $1,103,888,000 after acquiring an additional 532,485 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Automatic Data Processing by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider’s stock valued at $934,647,000 after acquiring an additional 564,187 shares during the period. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Automatic Data Processing

In other news, CEO Maria Black sold 23,605 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the completion of the transaction, the chief executive officer directly owned 76,161 shares of the company’s stock, valued at $22,720,349.52. This trade represents a 23.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David Foskett sold 1,373 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $407,190.61. Following the transaction, the vice president directly owned 11,781 shares of the company’s stock, valued at $3,493,891.17. This represents a 10.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,191 shares of company stock valued at $12,850,464 over the last quarter. Insiders own 0.21% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $297.24 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $120.39 billion, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 2.73 and a beta of 0.82. The company’s 50 day moving average price is $303.78 and its two-hundred day moving average price is $304.99. Automatic Data Processing, Inc. has a 52 week low of $270.71 and a 52 week high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly 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 company 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 business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business earned $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be paid a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, September 12th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 61.72%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ADP. Mizuho increased their price target on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a research report on Friday, June 13th. Royal Bank Of Canada restated a “sector perform” rating and set a $315.00 target price on shares of Automatic Data Processing in a report on Thursday, June 5th. UBS Group dropped their target price on shares of Automatic Data Processing from $323.00 to $315.00 and set a “neutral” rating on the stock in a report on Friday, June 13th. Morgan Stanley raised their target price on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Finally, Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $317.00.

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.