Aptus Capital Advisors LLC Purchases 3,758 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• Aptus Capital Advisors LLC increased its holdings in Automatic Data Processing, Inc. by 12.9% during the first quarter, bringing its total to 32,871 shares valued at $10,043,000.
• Automatic Data Processing's recent quarterly earnings report showed an EPS of $2.26, exceeding analysts' expectations of $2.23, while revenue grew 6.3% year-over-year to $5.13 billion.
• The company announced a quarterly dividend of $1.54 per share, reflecting an annualized yield of 2.0%, with a payout ratio of 61.72%.

Aptus Capital Advisors LLC increased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 12.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,871 shares of the business services provider's stock after buying an additional 3,758 shares during the period. Aptus Capital Advisors LLC's holdings in Automatic Data Processing were worth $10,043,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Sentinus LLC increased its holdings in Automatic Data Processing by 2.3% during the fourth quarter. Sentinus LLC now owns 1,548 shares of the business services provider's stock worth $453,000 after buying an additional 35 shares during the last quarter. Syntegra Private Wealth Group LLC increased its holdings in Automatic Data Processing by 4.7% during the first quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider's stock worth $238,000 after buying an additional 35 shares during the last quarter. Rehmann Capital Advisory Group increased its holdings in Automatic Data Processing by 1.0% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,686 shares of the business services provider's stock worth $1,079,000 after buying an additional 36 shares during the last quarter. Detalus Advisors LLC increased its holdings in Automatic Data Processing by 2.4% during the first quarter. Detalus Advisors LLC now owns 1,566 shares of the business services provider's stock worth $478,000 after buying an additional 37 shares during the last quarter. Finally, Main Street Group LTD increased its holdings in Automatic Data Processing by 50.7% during the fourth quarter. Main Street Group LTD now owns 113 shares of the business services provider's stock worth $33,000 after buying an additional 38 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock traded up $3.01 during trading on Friday, reaching $307.95. The company's stock had a trading volume of 1,150,918 shares, compared to its average volume of 1,571,763. The business's 50-day moving average price is $305.10 and its 200-day moving average price is $305.65. The firm has a market cap of $124.73 billion, a PE ratio of 30.86, a P/E/G ratio of 2.79 and a beta of 0.81. Automatic Data Processing, Inc. has a 52 week low of $267.79 and a 52 week high of $329.93. 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 announced its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.23 by $0.03. The company had revenue of $5.13 billion during the quarter, compared to analysts' expectations of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. Automatic Data Processing's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The firm also recently announced 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 2.0%. The ex-dividend date of this dividend is Friday, September 12th. Automatic Data Processing's payout ratio is presently 61.72%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ADP. Mizuho boosted their target price on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a report on Friday, June 13th. Dbs Bank upgraded shares of Automatic Data Processing to a "hold" rating in a report on Thursday. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, June 5th. UBS Group decreased their price objective on shares of Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating on the stock in a report on Friday, June 13th. Finally, TD Securities upped their price objective on shares of Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a report on Wednesday, May 21st. Two investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $317.00.

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.