F m Investments LLC Boosts Stock Position in Automatic Data Processing, Inc. $ADP

F m Investments LLC boosted its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,081 shares of the business services provider’s stock after acquiring an additional 246 shares during the quarter. F m Investments LLC’s holdings in Automatic Data Processing were worth $5,576,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADP. Activest Wealth Management boosted its holdings in 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 purchasing an additional 78 shares during the period. Harbor Asset Planning Inc. acquired a new stake in Automatic Data Processing in the 2nd quarter valued at about $26,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Automatic Data Processing in the 2nd quarter valued at about $26,000. Solstein Capital LLC acquired a new position in shares of Automatic Data Processing during the second quarter worth about $28,000. Finally, Westside Investment Management Inc. increased its stake in shares of 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 buying an additional 40 shares during the period. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Joseph Desilva sold 4,614 shares of the 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 completion of the sale, the vice president owned 17,536 shares in the company, valued at approximately $5,200,651.52. This represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Don Mcguire sold 13,599 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $4,033,055.43. Following the completion of the transaction, the vice president owned 17,684 shares in the company, valued at $5,244,543.88. This trade represents a 43.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,516 shares of company stock worth $15,632,410 over the last 90 days. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ADP has been the subject of several analyst reports. UBS Group lowered their price target on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. JPMorgan Chase & Co. dropped their target price on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. Stifel Nicolaus raised their price target on Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Automatic Data Processing in a research report on Tuesday. Finally, Citigroup started coverage on Automatic Data Processing in a research report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $312.67.

Automatic Data Processing Stock Down 0.8%

Shares of NASDAQ ADP opened at $254.33 on Friday. The business has a 50-day moving average price of $272.92 and a 200 day moving average price of $295.45. The stock has a market cap of $102.86 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 2.39 and a beta of 0.86. 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, Inc. has a 52-week low of $247.18 and a 52-week high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.05. The company had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.14 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $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 earnings per share for the current year.

Automatic Data Processing Increases Dividend

The firm also recently declared 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 a positive change from Automatic Data Processing’s previous quarterly dividend of $1.54. The ex-dividend date is Friday, December 12th. This represents a $6.80 annualized dividend and a yield of 2.7%. Automatic Data Processing’s payout ratio is currently 67.13%.

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.