111 Capital Purchases 4,079 Shares of Automatic Data Processing, Inc. $ADP

111 Capital increased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 176.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,387 shares of the business services provider’s stock after buying an additional 4,079 shares during the quarter. 111 Capital’s holdings in Automatic Data Processing were worth $1,970,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ADP. Brighton Jones LLC boosted its position in 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 purchasing an additional 4,808 shares during the last quarter. Bison Wealth LLC boosted its position in Automatic Data Processing by 22.8% during the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock valued at $1,073,000 after purchasing an additional 681 shares during the last quarter. Naples Global Advisors LLC boosted its position in Automatic Data Processing by 27.6% during the first quarter. Naples Global Advisors LLC now owns 4,503 shares of the business services provider’s stock valued at $1,381,000 after purchasing an additional 973 shares during the last quarter. Lake Street Private Wealth LLC boosted its position in Automatic Data Processing by 15.8% during the first quarter. Lake Street Private Wealth LLC now owns 1,300 shares of the business services provider’s stock valued at $397,000 after purchasing an additional 177 shares during the last quarter. Finally, Annex Advisory Services LLC boosted its position in Automatic Data Processing by 3.0% during the first quarter. Annex Advisory Services LLC now owns 3,064 shares of the business services provider’s stock valued at $936,000 after purchasing an additional 90 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Insider Activity at Automatic Data Processing

In other news, VP Don Mcguire sold 13,599 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 transaction of $4,033,055.43. Following the transaction, the vice president owned 17,684 shares in the company, valued at approximately $5,244,543.88. This trade represents a 43.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Maria Black sold 23,605 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total value of $7,041,843.60. Following the transaction, the chief executive officer owned 76,161 shares in the company, valued at approximately $22,720,349.52. This trade represents a 23.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,516 shares of company stock valued at $15,632,410 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $291.31 on Friday. The firm has a market cap of $118.01 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 2.65 and a beta of 0.82. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. Automatic Data Processing, Inc. has a 1-year low of $272.62 and a 1-year high of $329.93. The business’s 50 day moving average is $299.08 and its 200-day moving average is $303.37.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.03. The company had revenue of $5.13 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were paid 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 2.1%. Automatic Data Processing’s dividend payout ratio (DPR) is 61.72%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ADP. UBS Group reduced their price target on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research report on Wednesday, September 17th. BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 price target for the company in a research report on Thursday, July 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Automatic Data Processing in a research report on Saturday, September 27th. Mizuho raised their price objective on Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a research report on Friday, June 13th. Finally, Dbs Bank raised Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $316.70.

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.