Vicus Capital Buys Shares of 656 Automatic Data Processing, Inc. $ADP

Vicus Capital purchased a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 656 shares of the business services provider’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Automatic Data Processing by 92.1% during the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock valued at $2,935,000 after acquiring an additional 4,808 shares during the last quarter. Bison Wealth LLC lifted its holdings in Automatic Data Processing by 22.8% during the 4th 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. RFG Advisory LLC grew its position in shares of Automatic Data Processing by 10.8% in the 1st quarter. RFG Advisory LLC now owns 7,666 shares of the business services provider’s stock valued at $2,342,000 after buying an additional 747 shares during the last quarter. Apella Capital LLC grew its position in shares of Automatic Data Processing by 9.1% in the 1st quarter. Apella Capital LLC now owns 4,644 shares of the business services provider’s stock valued at $1,369,000 after buying an additional 389 shares during the last quarter. Finally, Warren Street Wealth Advisors LLC increased its stake in shares of Automatic Data Processing by 3.8% in the first quarter. Warren Street Wealth Advisors LLC now owns 1,346 shares of the business services provider’s stock valued at $411,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Wall Street Analyst Weigh In

ADP has been the topic of several analyst reports. UBS Group reduced their target price on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Mizuho upped their price objective on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a research note on Friday, June 13th. Stifel Nicolaus lifted their target price on shares of 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 upped 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 report on Thursday, July 31st. Finally, Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $316.70.

Insider Transactions at Automatic Data Processing

In related news, VP Christopher D’ambrosio sold 597 shares of Automatic Data Processing stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total value of $177,249.30. Following the completion of the sale, the vice president owned 10,541 shares of the company’s stock, valued at approximately $3,129,622.90. This trade represents a 5.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Michael A. Bonarti sold 8,728 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were 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 of the company’s stock, valued at $24,032,866.33. This trade represents a 9.78% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,516 shares of company stock valued at $15,632,410. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Stock Down 0.6%

Shares of NASDAQ ADP opened at $289.87 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The firm has a market cap of $117.42 billion, a PE ratio of 29.05, a P/E/G ratio of 2.67 and a beta of 0.82. The company’s fifty day simple moving average is $299.43 and its 200 day simple moving average is $303.40. Automatic Data Processing, Inc. has a 12-month low of $272.62 and a 12-month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.03. The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, sell-side analysts forecast 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 issued 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.