Aprio Wealth Management LLC Purchases 929 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• Aprio Wealth Management LLC significantly increased its stake in Automatic Data Processing, Inc. by 64.7%, owning 2,365 shares worth approximately $723,000 by the end of the 1st quarter.
• Several institutional investors also raised their positions in ADP, with notable investments including a 57.9% increase by Federation des caisses Desjardins du Quebec, now holding 71,914 shares valued at nearly $21.98 million.
• ADP’s quarterly earnings surpassed expectations, reporting $2.26 EPS on revenues of $5.13 billion, along with a newly announced $1.54 quarterly dividend, contributing to an annual yield of 2.1%.

Aprio Wealth Management LLC increased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 64.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,365 shares of the business services provider's stock after acquiring an additional 929 shares during the quarter. Aprio Wealth Management LLC's holdings in Automatic Data Processing were worth $723,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Automatic Data Processing by 0.5% during the first quarter. Vanguard Group Inc. now owns 40,949,884 shares of the business services provider's stock worth $12,511,418,000 after acquiring an additional 218,614 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Automatic Data Processing by 15.7% during the first quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider's stock worth $1,348,805,000 after acquiring an additional 601,400 shares during the last quarter. Invesco Ltd. boosted its position in shares of Automatic Data Processing by 3.7% during the first quarter. Invesco Ltd. now owns 4,031,713 shares of the business services provider's stock worth $1,231,809,000 after acquiring an additional 145,161 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Automatic Data Processing by 16.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,771,011 shares of the business services provider's stock worth $1,103,888,000 after acquiring an additional 532,485 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Automatic Data Processing by 22.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider's stock worth $934,647,000 after acquiring an additional 564,187 shares during the last quarter. Institutional investors own 80.03% of the company's stock.

Automatic Data Processing Trading Down 0.5%

ADP stock traded down $1.46 during trading on Tuesday, hitting $296.98. The company had a trading volume of 303,956 shares, compared to its average volume of 1,712,868. The firm has a market capitalization of $120.29 billion, a P/E ratio of 29.74, a PEG ratio of 2.71 and a beta of 0.82. Automatic Data Processing, Inc. has a 52-week low of $270.71 and a 52-week high of $329.93. The company has a 50 day simple moving average of $304.04 and a 200-day simple moving average of $305.05. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its quarterly 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 for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, research analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business 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. This represents a $6.16 annualized dividend 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 currently 61.72%.

Wall Street Analyst Weigh In

Several equities analysts have commented on ADP shares. Stifel Nicolaus increased their price objective on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. TD Securities increased their price objective on shares of Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a research report on Wednesday, May 21st. Royal Bank Of Canada reiterated a "sector perform" rating and set a $315.00 price objective on shares of Automatic Data Processing in a research report on Thursday, June 5th. UBS Group lowered their price objective on shares of Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating for the company in a research report on Friday, June 13th. Finally, Mizuho increased their price objective on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a research report on Friday, June 13th. Two investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $317.00.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Don Mcguire sold 13,599 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $4,033,055.43. Following the transaction, the vice president owned 17,684 shares of the company's stock, valued at approximately $5,244,543.88. This trade represents a 43.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP David Foskett sold 1,373 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $407,190.61. Following the transaction, the vice president directly owned 11,781 shares in the company, valued at $3,493,891.17. This trade represents a 10.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,191 shares of company stock worth $12,850,464. Company insiders own 0.21% of the company's stock.

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.