HFR Wealth Management LLC Purchases 290 Shares of Automatic Data Processing, Inc. $ADP

HFR Wealth Management LLC boosted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,931 shares of the business services provider’s stock after buying an additional 290 shares during the quarter. Automatic Data Processing makes up approximately 3.6% of HFR Wealth Management LLC’s investment portfolio, making the stock its 12th largest position. HFR Wealth Management LLC’s holdings in Automatic Data Processing were worth $14,782,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management lifted 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. Harbor Asset Planning Inc. acquired a new position in Automatic Data Processing during the 2nd quarter worth about $26,000. Mid American Wealth Advisory Group Inc. acquired a new position in Automatic Data Processing during the 2nd quarter worth about $26,000. Solstein Capital LLC bought a new stake in shares of Automatic Data Processing in the 2nd quarter valued at about $28,000. Finally, Westside Investment Management Inc. increased its stake in shares of Automatic Data Processing by 80.0% in the second quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock valued at $28,000 after buying an additional 40 shares during the period. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ADP shares. 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 report on Thursday, July 31st. JPMorgan Chase & Co. dropped their target price on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Automatic Data Processing in a research note on Wednesday. Citigroup assumed coverage on shares of Automatic Data Processing in a research report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $312.67.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $253.12 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50-day moving average of $275.80 and a 200-day moving average of $296.80. Automatic Data Processing, Inc. has a one year low of $247.18 and a one year high of $329.93. The company has a market cap of $102.37 billion, a P/E ratio of 24.99, a P/E/G ratio of 2.39 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, beating the consensus estimate of $2.44 by $0.05. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The firm had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the business posted $2.33 EPS. The company’s revenue for the quarter was up 7.1% 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 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 paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, December 12th. This is an increase from Automatic Data Processing’s previous quarterly dividend of $1.54. Automatic Data Processing’s dividend payout ratio (DPR) is 67.13%.

Insider Buying and Selling

In related news, VP Joseph Desilva sold 4,614 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $1,368,373.98. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael A. Bonarti sold 8,728 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total value of $2,604,697.04. Following the completion of the sale, the vice president directly owned 80,531 shares of the company’s stock, valued at $24,032,866.33. This represents a 9.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 52,516 shares of company stock worth $15,632,410 in the last three months. Insiders own 0.20% of the company’s stock.

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.