Howe & Rusling Inc. Purchases 83 Shares of Automatic Data Processing, Inc. $ADP

Howe & Rusling Inc. lifted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.6% in the first quarter, Holdings Channel.com reports. The fund owned 1,557 shares of the business services provider’s stock after acquiring an additional 83 shares during the quarter. Howe & Rusling Inc.’s holdings in Automatic Data Processing were worth $476,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ADP. Activest Wealth Management raised its position 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 acquiring an additional 78 shares during the last quarter. Clarity Asset Management Inc. bought a new position in shares of Automatic Data Processing during the first quarter worth about $29,000. von Borstel & Associates Inc. bought a new position in shares of Automatic Data Processing during the first quarter worth about $30,000. Y.D. More Investments Ltd bought a new position in shares of Automatic Data Processing during the first quarter worth about $35,000. Finally, Abound Wealth Management raised its position in shares of Automatic Data Processing by 58.1% during the first quarter. Abound Wealth Management now owns 117 shares of the business services provider’s stock worth $36,000 after acquiring an additional 43 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Automatic Data Processing Trading Down 1.5%

NASDAQ ADP opened at $293.50 on Friday. The business has a 50 day simple moving average of $303.00 and a 200 day simple moving average of $304.67. Automatic Data Processing, Inc. has a one year low of $272.18 and a one year high of $329.93. The stock has a market capitalization of $118.88 billion, a P/E ratio of 29.41, a P/E/G ratio of 2.73 and a beta of 0.82. 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 (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $5.05 billion. During the same quarter last year, the firm posted $2.09 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Research analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be paid a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, September 12th. Automatic Data Processing’s dividend payout ratio (DPR) is 61.72%.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 597 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total value of $177,249.30. Following the completion of the sale, the vice president 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Michael A. Bonarti sold 8,728 shares of the firm’s 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 completion of the sale, the vice president directly owned 80,531 shares of the company’s stock, valued at $24,032,866.33. This trade represents a 9.78% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,516 shares of company stock valued at $15,632,410. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

ADP has been the subject of a number of analyst reports. Mizuho raised their price objective on Automatic Data Processing from $321.00 to $332.00 and gave the stock an “outperform” rating in a research report on Friday, June 13th. Morgan Stanley raised their price objective 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. Stifel Nicolaus raised their target price on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. TD Securities raised their target price on Automatic Data Processing from $298.00 to $321.00 and gave the stock a “hold” rating in a research note on Wednesday, May 21st. Finally, Dbs Bank raised Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $317.00.

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.