D.A. Davidson & CO. Boosts Stake in Automatic Data Processing, Inc. $ADP

D.A. Davidson & CO. grew its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 33.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 350,182 shares of the business services provider’s stock after acquiring an additional 87,324 shares during the quarter. Automatic Data Processing comprises approximately 0.8% of D.A. Davidson & CO.’s portfolio, making the stock its 25th biggest position. D.A. Davidson & CO.’s holdings in Automatic Data Processing were worth $107,996,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Activest Wealth Management raised its holdings in shares of Automatic Data Processing by 2,600.0% in the first quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock valued at $25,000 after buying an additional 78 shares during the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of Automatic Data Processing during the second quarter worth about $26,000. Mid American Wealth Advisory Group Inc. acquired a new position in Automatic Data Processing in the 2nd quarter valued at about $26,000. Clarity Asset Management Inc. purchased a new stake in Automatic Data Processing during the 1st quarter valued at approximately $29,000. Finally, von Borstel & Associates Inc. acquired a new stake in Automatic Data Processing during the 1st quarter worth approximately $30,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $283.98 on Wednesday. The stock has a market cap of $115.04 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 2.59 and a beta of 0.82. Automatic Data Processing, Inc. has a 52 week low of $272.62 and a 52 week high of $329.93. The company’s 50-day moving average price is $294.60 and its 200 day moving average price is $302.13. 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 (NASDAQ:ADP) last posted its earnings results 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. The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.Automatic Data Processing’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, research analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were paid a dividend of $1.54 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.2%. Automatic Data Processing’s dividend payout ratio is currently 61.72%.

Analysts Set New Price Targets

Several research firms have recently commented on ADP. UBS Group cut their price target on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. Stifel Nicolaus upped their price objective 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. Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Morgan Stanley boosted their price target on shares of 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. Finally, 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 report on Thursday, July 10th. Three equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $316.70.

Insider Buying and Selling at Automatic Data Processing

In related news, CEO Maria Black sold 23,605 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $298.32, for a total value of $7,041,843.60. Following the sale, the chief executive officer directly owned 76,161 shares of the company’s stock, valued at approximately $22,720,349.52. This trade represents a 23.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Don Mcguire sold 13,599 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 transaction of $4,033,055.43. Following the completion of the sale, the vice president owned 17,684 shares of the company’s stock, valued at approximately $5,244,543.88. The trade was a 43.47% 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. 0.20% of the stock is currently owned by insiders.

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.