Fiduciary Alliance LLC Acquires Shares of 1,043 Automatic Data Processing, Inc. $ADP

Key Points

• Fiduciary Alliance LLC has acquired 1,043 shares of Automatic Data Processing, Inc. (NASDAQ:ADP), valued at approximately $322,000, during the second quarter.
• Despite some recent insider selling, the stock has received positive ratings from several analysts, with a consensus price target of $314.73 and an average rating of "Hold."
• Automatic Data Processing is set to pay a quarterly dividend of $1.54 per share on October 1st, yielding around 2.1% annually.

Fiduciary Alliance LLC acquired a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,043 shares of the business services provider's stock, valued at approximately $322,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. AlphaCore Capital LLC purchased a new stake in shares of Automatic Data Processing during the first quarter worth $688,000. Golden State Wealth Management LLC raised its holdings in shares of Automatic Data Processing by 29.6% during the first quarter. Golden State Wealth Management LLC now owns 565 shares of the business services provider's stock worth $173,000 after acquiring an additional 129 shares in the last quarter. Advisory Alpha LLC raised its holdings in shares of Automatic Data Processing by 130.2% during the first quarter. Advisory Alpha LLC now owns 4,416 shares of the business services provider's stock worth $1,349,000 after acquiring an additional 2,498 shares in the last quarter. Meiji Yasuda Life Insurance Co raised its holdings in Automatic Data Processing by 4.4% during the first quarter. Meiji Yasuda Life Insurance Co now owns 32,478 shares of the business services provider's stock valued at $9,923,000 after buying an additional 1,375 shares in the last quarter. Finally, Richard P Slaughter Associates Inc raised its holdings in Automatic Data Processing by 92.5% during the second quarter. Richard P Slaughter Associates Inc now owns 1,913 shares of the business services provider's stock valued at $590,000 after buying an additional 919 shares in the last quarter. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock traded up $1.05 during trading on Friday, reaching $292.00. The company's stock had a trading volume of 4,039,574 shares, compared to its average volume of 1,574,773. Automatic Data Processing, Inc. has a one year low of $272.18 and a one year high of $329.93. The firm has a market cap of $118.27 billion, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82. The business's fifty day moving average price is $301.38 and its 200-day moving average price is $303.81. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released its earnings results 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 business had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same period last year, the business earned $2.09 earnings per share. The firm'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. As a group, equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

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

Analyst Ratings Changes

Several research firms have weighed in on ADP. Morgan Stanley raised their target price on Automatic Data Processing from $310.00 to $311.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. UBS Group cut their target price on Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating on the stock in a report on Wednesday. Royal Bank Of Canada restated a "sector perform" rating and set a $315.00 target price on shares of Automatic Data Processing in a report on Thursday, June 5th. Dbs Bank upgraded Automatic Data Processing to a "hold" rating in a report on Thursday, August 21st. Finally, Mizuho raised their target price on Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a report on Friday, June 13th. Two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $314.73.

Insider Buying and Selling at Automatic Data Processing

In related news, VP Christopher D'ambrosio sold 597 shares of Automatic Data Processing stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total transaction of $177,249.30. Following the sale, the vice president directly owned 10,541 shares of the company's stock, valued at $3,129,622.90. This trade represents a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David Foskett sold 1,373 shares of Automatic Data Processing stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $407,190.61. Following the sale, the vice president directly owned 11,781 shares in the company, valued at approximately $3,493,891.17. This trade represents a 10.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock valued at $15,632,410 over the last quarter. Company insiders own 0.21% of the company's stock.

About Automatic Data Processing

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.