Childress Capital Advisors LLC Buys 69 Shares of Automatic Data Processing, Inc. $ADP

Childress Capital Advisors LLC lifted its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 4.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,644 shares of the business services provider’s stock after purchasing an additional 69 shares during the period. Childress Capital Advisors LLC’s holdings in Automatic Data Processing were worth $507,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ADP. Activest Wealth Management boosted its holdings in shares of Automatic Data Processing by 2,600.0% during the first quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock worth $25,000 after purchasing an additional 78 shares during the period. Clarity Asset Management Inc. purchased a new stake in shares of Automatic Data Processing during the first quarter worth about $29,000. von Borstel & Associates Inc. purchased a new stake in shares of Automatic Data Processing during the first quarter worth about $30,000. Y.D. More Investments Ltd purchased a new stake in shares of Automatic Data Processing during the first quarter worth about $35,000. Finally, Abound Wealth Management boosted its holdings in shares of Automatic Data Processing by 58.1% during the first quarter. Abound Wealth Management now owns 117 shares of the business services provider’s stock worth $36,000 after purchasing an additional 43 shares during the period. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Automatic Data Processing Price Performance

ADP stock opened at $293.50 on Wednesday. The firm has a 50 day moving average price of $300.01 and a 200-day moving average price of $303.53. Automatic Data Processing, Inc. has a 52-week low of $272.62 and a 52-week high of $329.93. The firm has a market capitalization of $118.89 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 2.68 and a beta of 0.82. 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 (NASDAQ:ADP) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same period last year, the business earned $2.09 earnings per share. The business’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. Equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be issued a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, September 12th. Automatic Data Processing’s payout ratio is presently 61.72%.

Insider Buying and Selling

In related news, VP David Foskett sold 1,373 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $407,190.61. Following the completion of the transaction, the vice president directly owned 11,781 shares in the company, valued at $3,493,891.17. The trade was a 10.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Maria Black sold 23,605 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was 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 of the company’s stock, valued at approximately $22,720,349.52. The trade was a 23.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock worth $15,632,410 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Stifel Nicolaus raised their price objective on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. Dbs Bank raised Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 price objective on the stock in a research report on Thursday, July 10th. UBS Group cut their price objective on 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. Finally, Morgan Stanley lifted their price objective on 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. Two investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.