Alapocas Investment Partners Inc. Has $1.84 Million Stake in Automatic Data Processing, Inc. $ADP

Key Points

• Alapocas Investment Partners Inc. reduced its stake in Automatic Data Processing, Inc. by 14.8%, now holding approximately $1.84 million in shares.
• Various institutional investors have altered their positions in Automatic Data Processing, with Brighton Jones LLC increasing its stake by 92.1% in the fourth quarter.
• Automatic Data Processing declared a quarterly dividend of $1.54 per share, translating to an annualized dividend yield of 2.2%.

Alapocas Investment Partners Inc. reduced its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 14.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,949 shares of the business services provider's stock after selling 1,030 shares during the quarter. Automatic Data Processing comprises about 1.2% of Alapocas Investment Partners Inc.'s portfolio, making the stock its 18th biggest position. Alapocas Investment Partners Inc.'s holdings in Automatic Data Processing were worth $1,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its stake in shares of Automatic Data Processing by 92.1% in the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider's stock valued at $2,935,000 after buying an additional 4,808 shares during the period. Bison Wealth LLC boosted its holdings in Automatic Data Processing by 22.8% in the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider's stock valued at $1,073,000 after acquiring an additional 681 shares during the last quarter. GAMMA Investing LLC increased its position in Automatic Data Processing by 13.8% in the first quarter. GAMMA Investing LLC now owns 9,495 shares of the business services provider's stock worth $2,901,000 after purchasing an additional 1,148 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Automatic Data Processing by 14.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 56,942 shares of the business services provider's stock worth $17,397,000 after purchasing an additional 7,053 shares during the last quarter. Finally, Live Oak Private Wealth LLC lifted its position in Automatic Data Processing by 0.8% during the 1st quarter. Live Oak Private Wealth LLC now owns 5,700 shares of the business services provider's stock valued at $1,742,000 after purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 80.03% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ADP. UBS Group reduced their target price on shares of Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 17th. Dbs Bank raised shares of Automatic Data Processing to a "hold" rating in a research note on Thursday, August 21st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. Morgan Stanley increased their price target on Automatic Data Processing from $310.00 to $311.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Finally, BMO Capital Markets raised Automatic Data Processing to a "hold" rating and set a $340.00 price objective for the company in a research note on Thursday, July 10th. Three investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Automatic Data Processing currently has an average rating of "Hold" and an average target price of $316.70.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP David Foskett sold 1,373 shares of the firm's 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 $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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Joseph Desilva sold 4,614 shares of the company's 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 transaction, the vice president owned 17,536 shares of the company's stock, valued at $5,200,651.52. This trade represents a 20.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,516 shares of company stock valued at $15,632,410 over the last 90 days. Insiders own 0.20% of the company's stock.

Automatic Data Processing Trading Up 0.6%

ADP opened at $283.03 on Tuesday. The firm's fifty day moving average is $294.91 and its two-hundred day moving average is $302.26. The firm has a market cap of $114.65 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 2.58 and a beta of 0.82. Automatic Data Processing, Inc. has a twelve month low of $272.62 and a twelve month high of $329.93. 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 announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.03. The company had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The firm's revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were given a dividend of $1.54 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.2%. Automatic Data Processing's dividend payout ratio (DPR) is currently 61.72%.

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.

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