Forte Capital LLC ADV Increases Position in Automatic Data Processing, Inc. $ADP

Forte Capital LLC ADV lifted its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 6.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,422 shares of the business services provider’s stock after purchasing an additional 80 shares during the period. Forte Capital LLC ADV’s holdings in Automatic Data Processing were worth $439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADP. GAMMA Investing LLC lifted its holdings in Automatic Data Processing by 34,655.1% during the 1st quarter. GAMMA Investing LLC now owns 2,901,007 shares of the business services provider’s stock worth $886,345,000 after buying an additional 2,892,660 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Automatic Data Processing during the 1st quarter worth about $661,771,000. Mackenzie Financial Corp raised its position in shares of Automatic Data Processing by 128.1% during the 1st quarter. Mackenzie Financial Corp now owns 1,585,704 shares of the business services provider’s stock worth $484,480,000 after acquiring an additional 890,440 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Automatic Data Processing by 15.7% during the first quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider’s stock worth $1,348,805,000 after purchasing an additional 601,400 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Automatic Data Processing by 811.7% in the first quarter. SG Americas Securities LLC now owns 637,601 shares of the business services provider’s stock valued at $194,806,000 after purchasing an additional 567,664 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ADP shares. Royal Bank Of Canada restated a “sector perform” rating and set a $315.00 price objective on shares of Automatic Data Processing in a research report on Thursday, June 5th. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. BMO Capital Markets upgraded shares of Automatic Data Processing to a “hold” rating and set a $340.00 price objective for the company in a research note on Thursday, July 10th. Morgan Stanley lifted their target price on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Finally, UBS Group reduced their target price on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $314.73.

Insider Activity

In related news, VP Joseph Desilva sold 4,614 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 transaction of $1,368,373.98. Following the sale, the vice president owned 17,536 shares of the company’s stock, valued at approximately $5,200,651.52. The trade was a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher D’ambrosio sold 597 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total transaction of $177,249.30. Following the completion of the transaction, the vice president directly owned 10,541 shares of the company’s stock, valued at approximately $3,129,622.90. This trade represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,516 shares of company stock valued at $15,632,410 in the last quarter. Insiders own 0.21% of the company’s stock.

Automatic Data Processing Stock Down 1.5%

ADP opened at $289.21 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. Automatic Data Processing, Inc. has a 12 month low of $272.18 and a 12 month high of $329.93. The stock has a market capitalization of $117.14 billion, a P/E ratio of 28.98, a P/E/G ratio of 2.69 and a beta of 0.82. The business has a 50 day simple moving average of $301.01 and a 200-day simple moving average of $303.63.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.03. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the prior year, the company posted $2.09 earnings per share. Automatic Data Processing’s quarterly 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. On average, equities analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be paid a $1.54 dividend. 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%.

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.