Automatic Data Processing, Inc. $ADP Shares Bought by Advisory Alpha LLC

Key Points

• Advisory Alpha LLC increased its holdings in Automatic Data Processing, Inc. by 130.2% in the first quarter, bringing their total to 4,416 shares worth approximately $1.35 million.
• Several other institutional investors, including GAMMA Investing LLC and Nuveen LLC, also made significant increases to their stakes in ADP, with the majority of stock ownership now held by institutional investors.
• ADP recently declared a quarterly dividend of $1.54 per share, resulting in an annualized dividend yield of 2.1%, with a payout ratio of 61.72%.

Advisory Alpha LLC lifted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 130.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,416 shares of the business services provider's stock after buying an additional 2,498 shares during the period. Advisory Alpha LLC's holdings in Automatic Data Processing were worth $1,349,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ADP. GAMMA Investing LLC raised its stake in Automatic Data Processing by 34,655.1% during the 1st quarter. GAMMA Investing LLC now owns 2,901,007 shares of the business services provider's stock valued at $886,345,000 after acquiring an additional 2,892,660 shares in the last quarter. Nuveen LLC bought a new stake in shares of Automatic Data Processing during the first quarter valued at about $661,771,000. Mackenzie Financial Corp lifted its holdings in Automatic Data Processing by 128.1% in the first quarter. Mackenzie Financial Corp now owns 1,585,704 shares of the business services provider's stock worth $484,480,000 after purchasing an additional 890,440 shares during the period. Ameriprise Financial Inc. grew its position in Automatic Data Processing by 15.7% in the 1st quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider's stock valued at $1,348,805,000 after buying an additional 601,400 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Automatic Data Processing by 811.7% during the 1st quarter. SG Americas Securities LLC now owns 637,601 shares of the business services provider's stock valued at $194,806,000 after buying an additional 567,664 shares during the period. 80.03% of the stock is owned by institutional investors.

Insider Activity

In other Automatic Data Processing news, VP David Foskett sold 1,373 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 $407,190.61. Following the transaction, the vice president directly owned 11,781 shares in the company, valued at approximately $3,493,891.17. The trade was a 10.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Maria Black sold 23,605 shares of the business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the sale, the chief executive officer directly owned 76,161 shares in the company, valued at approximately $22,720,349.52. This trade represents a 23.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,191 shares of company stock worth $12,850,464 in the last quarter. Insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

ADP has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $315.00 price target on shares of Automatic Data Processing in a research note on Thursday, June 5th. TD Securities upped their target price on Automatic Data Processing from $298.00 to $321.00 and gave the stock a "hold" rating in a research report on Wednesday, May 21st. Dbs Bank raised Automatic Data Processing to a "hold" rating in a research note on Thursday, August 21st. UBS Group dropped their price objective on Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating on the stock in a research note on Friday, June 13th. Finally, 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 research note on Thursday, July 31st. Two research 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 an average rating of "Hold" and a consensus target price of $317.00.

Automatic Data Processing Stock Down 0.4%

Shares of Automatic Data Processing stock opened at $297.24 on Wednesday. Automatic Data Processing, Inc. has a 12-month low of $270.71 and a 12-month high of $329.93. The firm has a market capitalization of $120.39 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 2.73 and a beta of 0.82. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock's fifty day moving average is $303.78 and its 200-day moving average is $304.99.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its quarterly 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. The firm had revenue of $5.13 billion for the quarter, compared to analysts' expectations of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.Automatic Data Processing's revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be issued a dividend of $1.54 per share. The ex-dividend date is Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.1%. Automatic Data Processing's payout ratio is currently 61.72%.

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.

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