Abel Hall LLC Buys Shares of 746 Automatic Data Processing, Inc. $ADP

Abel Hall LLC bought a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 746 shares of the business services provider’s stock, valued at approximately $230,000.

Several other hedge funds have also bought and sold shares of the stock. Bangor Savings Bank increased its position in shares of Automatic Data Processing by 0.7% during the 2nd quarter. Bangor Savings Bank now owns 4,907 shares of the business services provider’s stock valued at $1,513,000 after purchasing an additional 34 shares during the last quarter. Ameritas Advisory Services LLC increased its position in shares of Automatic Data Processing by 2.1% during the 2nd quarter. Ameritas Advisory Services LLC now owns 1,629 shares of the business services provider’s stock valued at $502,000 after purchasing an additional 34 shares during the last quarter. Syntegra Private Wealth Group LLC increased its position in shares of Automatic Data Processing by 4.7% during the 1st quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider’s stock valued at $238,000 after purchasing an additional 35 shares during the last quarter. Transamerica Financial Advisors LLC increased its position in shares of Automatic Data Processing by 1.0% during the 1st quarter. Transamerica Financial Advisors LLC now owns 3,371 shares of the business services provider’s stock valued at $1,030,000 after purchasing an additional 35 shares during the last quarter. Finally, Ashton Thomas Securities LLC increased its position in shares of Automatic Data Processing by 4.1% during the 1st quarter. Ashton Thomas Securities LLC now owns 883 shares of the business services provider’s stock valued at $270,000 after purchasing an additional 35 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Michael A. Bonarti sold 8,728 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Christopher D’ambrosio sold 597 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total transaction of $177,249.30. Following the sale, the vice president directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,516 shares of company stock worth $15,632,410. Insiders own 0.20% of the company’s stock.

Automatic Data Processing Trading Down 0.8%

Automatic Data Processing stock opened at $290.70 on Thursday. 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 12-month low of $272.62 and a 12-month high of $329.93. The firm has a 50 day moving average of $298.04 and a 200 day moving average of $303.25. The firm has a market capitalization of $117.76 billion, a price-to-earnings ratio of 29.13, a P/E/G ratio of 2.68 and a beta of 0.82.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.03. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The business had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same period last year, the firm posted $2.09 EPS. The company’s revenue was up 6.3% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were issued a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, September 12th. Automatic Data Processing’s dividend payout ratio (DPR) is 61.72%.

Analysts Set New Price Targets

ADP has been the subject of several research reports. BMO Capital Markets raised shares of 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 Wednesday. Morgan Stanley increased 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. Mizuho increased their target price on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an “outperform” rating in a report on Friday, June 13th. Finally, Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Three equities research 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 stock presently has an average rating of “Hold” and a consensus price target 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.