Automatic Data Processing, Inc. $ADP Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers lifted its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.6% in the 2nd quarter, Holdings Channel reports. The firm owned 176,124 shares of the business services provider’s stock after purchasing an additional 2,771 shares during the quarter. Cetera Investment Advisers’ holdings in Automatic Data Processing were worth $54,317,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Activest Wealth Management boosted its stake in shares of Automatic Data Processing by 2,600.0% during the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock worth $25,000 after acquiring an additional 78 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in Automatic Data Processing in the 2nd quarter valued at approximately $26,000. Mid American Wealth Advisory Group Inc. acquired a new position in Automatic Data Processing during the second quarter worth $26,000. Solstein Capital LLC purchased a new stake in Automatic Data Processing during the second quarter worth $28,000. Finally, Westside Investment Management Inc. boosted its position in Automatic Data Processing by 80.0% during the second quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock worth $28,000 after purchasing an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Insider Transactions at Automatic Data Processing

In other news, VP Joseph Desilva sold 4,614 shares of Automatic Data Processing stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $1,368,373.98. Following the transaction, the vice president directly owned 17,536 shares of the company’s stock, valued at $5,200,651.52. The trade was a 20.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Maria Black sold 23,605 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 76,161 shares of the company’s stock, valued at $22,720,349.52. The trade was a 23.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 52,516 shares of company stock valued at $15,632,410 in the last ninety days. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $253.09 on Friday. The company has a market cap of $102.36 billion, a P/E ratio of 24.98, a P/E/G ratio of 2.39 and a beta of 0.86. The business has a fifty day simple moving average of $280.33 and a 200-day simple moving average of $298.65. Automatic Data Processing, Inc. has a 52 week low of $249.68 and a 52 week high of $329.93. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.62.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.44 by $0.05. The firm had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.14 billion. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. Automatic Data Processing’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.33 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be given a $1.70 dividend. This is an increase from Automatic Data Processing’s previous quarterly dividend of $1.54. The ex-dividend date of this dividend is Friday, December 12th. This represents a $6.80 annualized dividend and a dividend yield of 2.7%. Automatic Data Processing’s dividend payout ratio is 67.13%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wells Fargo & Company cut their price target on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. 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 report on Thursday, July 31st. Citigroup initiated coverage on shares of Automatic Data Processing in a research report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $312.67.

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.