Automatic Data Processing, Inc. $ADP is Fruth Investment Management’s 6th Largest Position

Fruth Investment Management lessened its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,086 shares of the business services provider’s stock after selling 168 shares during the quarter. Automatic Data Processing makes up approximately 2.2% of Fruth Investment Management’s holdings, making the stock its 6th largest holding. Fruth Investment Management’s holdings in Automatic Data Processing were worth $7,970,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sentinus LLC increased its position in Automatic Data Processing by 2.3% during the 4th quarter. Sentinus LLC now owns 1,548 shares of the business services provider’s stock worth $453,000 after purchasing an additional 35 shares in the last quarter. Syntegra Private Wealth Group LLC boosted its stake in Automatic Data Processing by 4.7% in the 1st quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider’s stock worth $238,000 after buying an additional 35 shares during the last quarter. Transamerica Financial Advisors LLC boosted its stake in Automatic Data Processing by 1.0% in the 1st quarter. Transamerica Financial Advisors LLC now owns 3,371 shares of the business services provider’s stock worth $1,030,000 after buying an additional 35 shares during the last quarter. Ashton Thomas Securities LLC boosted its stake in Automatic Data Processing by 4.1% in the 1st quarter. Ashton Thomas Securities LLC now owns 883 shares of the business services provider’s stock worth $270,000 after buying an additional 35 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its stake in Automatic Data Processing by 36.1% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 132 shares of the business services provider’s stock worth $41,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Mizuho raised their price target on Automatic Data Processing from $321.00 to $332.00 and gave the stock an “outperform” rating in a research note on Friday, June 13th. Stifel Nicolaus raised their price target on 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 raised their price target on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $315.00 price target on shares of Automatic Data Processing in a research note on Thursday, June 5th. Finally, BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 price target on the stock in a research note on Thursday, July 10th. Two research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and an average target price of $317.00.

Automatic Data Processing Stock Up 1.9%

Shares of NASDAQ:ADP opened at $298.03 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. Automatic Data Processing, Inc. has a 1 year low of $272.18 and a 1 year high of $329.93. The stock has a market capitalization of $120.71 billion, a P/E ratio of 29.86, a PEG ratio of 2.68 and a beta of 0.82. The stock has a 50-day simple moving average of $303.31 and a 200-day simple moving average of $304.81.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.03. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The business had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same quarter in the previous year, the business earned $2.09 EPS. The company’s revenue for the quarter 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. Equities analysts forecast 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 will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be issued a dividend of $1.54 per share. The ex-dividend date is Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.1%. Automatic Data Processing’s payout ratio is presently 61.72%.

Insider Buying and Selling at Automatic Data Processing

In other news, VP Joseph Desilva sold 4,614 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $1,368,373.98. Following the completion of the sale, the vice president owned 17,536 shares in the company, valued at approximately $5,200,651.52. The trade was a 20.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael A. Bonarti sold 8,728 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total value 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. The trade was 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 worth $15,632,410. Company insiders own 0.21% of the company’s stock.

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.