ARS Wealth Advisors Group LLC Acquires New Position in Automatic Data Processing, Inc. $ADP

Key Points

• ARS Wealth Advisors Group LLC acquired 913 shares of Automatic Data Processing, Inc. valued at approximately $282,000 during the second quarter.
• Major institutional investors have significantly increased their stakes in ADP, with GAMMA Investing LLC growing its stake by 34,655.1% in the first quarter.
• Automatic Data Processing announced a quarterly dividend of $1.54, reflecting a yield of 2.1%, with the ex-dividend date set for September 12th.

ARS Wealth Advisors Group LLC acquired a new position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 913 shares of the business services provider's stock, valued at approximately $282,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Contravisory Investment Management Inc. raised its position in shares of Automatic Data Processing by 6.9% during the 2nd quarter. Contravisory Investment Management Inc. now owns 25,902 shares of the business services provider's stock valued at $7,988,000 after acquiring an additional 1,683 shares during the last quarter. Ferguson Wellman Capital Management Inc. increased its holdings in Automatic Data Processing by 2,400.0% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 273,079 shares of the business services provider's stock worth $84,218,000 after purchasing an additional 262,156 shares in the last quarter. Fulton Bank N.A. increased its holdings in Automatic Data Processing by 5.8% during the 2nd quarter. Fulton Bank N.A. now owns 2,446 shares of the business services provider's stock worth $754,000 after purchasing an additional 133 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new position in Automatic Data Processing during the 2nd quarter worth about $255,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Automatic Data Processing by 0.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 251,568 shares of the business services provider's stock worth $77,785,000 after purchasing an additional 732 shares in the last quarter. Institutional investors own 80.03% of the company's stock.

Automatic Data Processing Stock Performance

Shares of NASDAQ:ADP traded up $1.05 during trading on Friday, reaching $292.00. 4,039,574 shares of the stock were exchanged, compared to its average volume of 1,574,773. Automatic Data Processing, Inc. has a 12 month low of $272.18 and a 12 month high of $329.93. The firm has a market cap of $118.27 billion, a PE ratio of 29.26, a PEG ratio of 2.67 and a beta of 0.82. The stock has a 50-day moving average price of $301.38 and a 200-day moving average price of $303.81. 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 (NASDAQ:ADP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) 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 company had revenue of $5.13 billion during the quarter, compared to analysts' expectations of $5.05 billion. During the same quarter in the previous year, the company posted $2.09 earnings per share. The business's 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. Research analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be given a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, September 12th. Automatic Data Processing's payout ratio is presently 61.72%.

Insider Buying and Selling

In other news, VP Michael A. Bonarti sold 8,728 shares of Automatic Data Processing 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 in the company, valued at approximately $24,032,866.33. The trade was a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph Desilva sold 4,614 shares of Automatic Data Processing stock in a transaction that occurred on 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 completion of 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 disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock valued at $15,632,410 in the last quarter. Corporate insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

ADP has been the topic of several analyst reports. 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 report on Wednesday. Dbs Bank upgraded Automatic Data Processing to a "hold" rating in a report on Thursday, August 21st. Morgan Stanley upped their target price on Automatic Data Processing from $310.00 to $311.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Mizuho upped their target price on Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a report on Friday, June 13th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $315.00 target price on shares of Automatic Data Processing in a research note on Thursday, June 5th. Two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $314.73.

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.