Evelyn Partners Investment Management LLP Buys 752 Shares of Automatic Data Processing, Inc. $ADP

Evelyn Partners Investment Management LLP grew its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 13.5% in the second quarter, HoldingsChannel reports. The firm owned 6,316 shares of the business services provider’s stock after buying an additional 752 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in Automatic Data Processing were worth $1,948,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Automatic Data Processing by 92.1% in the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock worth $2,935,000 after acquiring an additional 4,808 shares during the last quarter. Bison Wealth LLC grew its holdings in shares of Automatic Data Processing by 22.8% in the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock valued at $1,073,000 after purchasing an additional 681 shares in the last quarter. MWA Asset Management increased its position in Automatic Data Processing by 5.2% in the first quarter. MWA Asset Management now owns 2,611 shares of the business services provider’s stock worth $798,000 after purchasing an additional 130 shares during the last quarter. AE Wealth Management LLC raised its stake in Automatic Data Processing by 19.9% during the first quarter. AE Wealth Management LLC now owns 14,523 shares of the business services provider’s stock valued at $4,437,000 after purchasing an additional 2,408 shares in the last quarter. Finally, Journey Strategic Wealth LLC lifted its position in Automatic Data Processing by 4.4% during the first quarter. Journey Strategic Wealth LLC now owns 1,449 shares of the business services provider’s stock valued at $443,000 after purchasing an additional 61 shares during the last quarter. 80.03% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Michael A. Bonarti sold 8,728 shares of Automatic Data Processing stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total value of $2,604,697.04. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David Foskett sold 1,373 shares of the stock in a transaction 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 sale, the vice president owned 11,781 shares of the company’s stock, valued at approximately $3,493,891.17. This represents a 10.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 52,516 shares of company stock worth $15,632,410 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

Automatic Data Processing Price Performance

ADP opened at $253.12 on Friday. The company has a market capitalization of $102.37 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.39 and a beta of 0.86. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a 12-month low of $247.18 and a 12-month high of $329.93. The business’s fifty day simple moving average is $275.80 and its 200-day simple moving average is $296.90.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.05. The firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.14 billion. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $2.33 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Citigroup began coverage on Automatic Data Processing in a report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price target on the stock. Morgan Stanley lifted their price objective 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Automatic Data Processing in a research note on Wednesday. Finally, Stifel Nicolaus lifted their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $312.67.

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.