Parkwoods Wealth Partners LLC Has $314,000 Position in Automatic Data Processing, Inc. $ADP

Parkwoods Wealth Partners LLC raised its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 9.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,018 shares of the business services provider’s stock after acquiring an additional 90 shares during the period. Parkwoods Wealth Partners LLC’s holdings in Automatic Data Processing were worth $314,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. First Pacific Financial grew its position in Automatic Data Processing by 124.9% in the second quarter. First Pacific Financial now owns 848 shares of the business services provider’s stock valued at $262,000 after acquiring an additional 471 shares during the period. Trilogy Capital Inc. bought a new position in Automatic Data Processing in the second quarter valued at about $230,000. Trust Co. of Vermont boosted its holdings in Automatic Data Processing by 1.1% in the second quarter. Trust Co. of Vermont now owns 58,662 shares of the business services provider’s stock valued at $18,091,000 after acquiring an additional 640 shares during the last quarter. Ninety One North America Inc. boosted its holdings in Automatic Data Processing by 35.3% during the second quarter. Ninety One North America Inc. now owns 165,286 shares of the business services provider’s stock worth $50,974,000 after buying an additional 43,125 shares during the last quarter. Finally, Ninety One UK Ltd boosted its holdings in Automatic Data Processing by 5.8% during the second quarter. Ninety One UK Ltd now owns 2,402,723 shares of the business services provider’s stock worth $741,000,000 after buying an additional 131,049 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ADP. Dbs Bank raised Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Stifel Nicolaus lifted their target price on Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research report on Thursday, July 31st. Morgan Stanley lifted their target price on Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $315.00 target price on shares of Automatic Data Processing in a research report on Thursday, June 5th. Finally, UBS Group dropped their target price on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $316.70.

Automatic Data Processing Stock Performance

Shares of NASDAQ ADP opened at $293.50 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. Automatic Data Processing, Inc. has a 12 month low of $272.62 and a 12 month high of $329.93. The stock has a 50 day moving average of $300.01 and a 200-day moving average of $303.53. The company has a market capitalization of $118.89 billion, a P/E ratio of 29.41, a P/E/G ratio of 2.68 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping the consensus estimate of $2.23 by $0.03. The company had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The company also recently declared 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 yield of 2.1%. Automatic Data Processing’s payout ratio is 61.72%.

Insiders Place Their Bets

In related news, VP Christopher D’ambrosio sold 597 shares of the business’s stock in a transaction 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 directly owned 10,541 shares in the company, valued at $3,129,622.90. The trade was a 5.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Don Mcguire sold 13,599 shares of the business’s stock in a transaction on 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 sale, the vice president owned 17,684 shares of the company’s stock, valued at $5,244,543.88. This trade represents a 43.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,516 shares of company stock worth $15,632,410 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

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.