Automatic Data Processing, Inc. $ADP Shares Bought by Littlejohn Financial Services Inc.

Littlejohn Financial Services Inc. grew its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,921 shares of the business services provider’s stock after purchasing an additional 38 shares during the period. Littlejohn Financial Services Inc.’s holdings in Automatic Data Processing were worth $901,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. AlphaCore Capital LLC acquired a new stake in shares of Automatic Data Processing during the first quarter worth $688,000. Golden State Wealth Management LLC raised its holdings in shares of Automatic Data Processing by 29.6% during the first quarter. Golden State Wealth Management LLC now owns 565 shares of the business services provider’s stock worth $173,000 after purchasing an additional 129 shares during the period. Advisory Alpha LLC increased its holdings in shares of Automatic Data Processing by 130.2% in the 1st quarter. Advisory Alpha LLC now owns 4,416 shares of the business services provider’s stock worth $1,349,000 after acquiring an additional 2,498 shares during the period. Meiji Yasuda Life Insurance Co lifted its position in Automatic Data Processing by 4.4% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 32,478 shares of the business services provider’s stock valued at $9,923,000 after purchasing an additional 1,375 shares during the last quarter. Finally, Richard P Slaughter Associates Inc lifted its position in Automatic Data Processing by 92.5% in the 2nd quarter. Richard P Slaughter Associates Inc now owns 1,913 shares of the business services provider’s stock valued at $590,000 after purchasing an additional 919 shares during the last quarter. 80.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Automatic Data Processing

In other news, CEO Maria Black sold 23,605 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Joseph Desilva sold 4,614 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $1,368,373.98. Following the transaction, the vice president owned 17,536 shares of the company’s stock, valued at approximately $5,200,651.52. This trade represents a 20.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,516 shares of company stock worth $15,632,410. Company insiders own 0.21% of the company’s stock.

Automatic Data Processing Stock Up 0.8%

Automatic Data Processing stock opened at $291.50 on Thursday. The stock has a market cap of $118.07 billion, a price-to-earnings ratio of 29.21, a PEG 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. The company’s 50-day moving average price is $300.83 and its two-hundred day moving average price is $303.54. Automatic Data Processing, Inc. has a 52 week low of $272.18 and a 52 week high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS 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 analysts’ expectations of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. Automatic Data Processing’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be given a dividend of $1.54 per share. The ex-dividend date is Friday, September 12th. This represents a $6.16 annualized dividend and a dividend yield of 2.1%. Automatic Data Processing’s dividend payout ratio (DPR) is 61.72%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research report on Thursday, July 31st. UBS Group cut their price objective on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $315.00 price objective on shares of Automatic Data Processing in a research report on Thursday, June 5th. Morgan Stanley lifted their price objective 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 shares of Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $316.70.

Automatic Data Processing 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.