Automatic Data Processing, Inc. $ADP Shares Bought by MGO One Seven LLC

Key Points

• MGO One Seven LLC increased its stake in Automatic Data Processing, Inc. by 18.3%, owning 13,578 shares valued at approximately $4.2 million after acquiring additional shares in the second quarter.
• Automatic Data Processing recently reported a Q2 EPS of $2.26, exceeding analyst expectations, with revenue of $5.13 billion and a year-over-year growth of 6.3%.
• The company declared a quarterly dividend of $1.54 per share, representing an annualized yield of 2.2%, with a payout ratio of 61.72%.

MGO One Seven LLC raised its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 18.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 13,578 shares of the business services provider's stock after acquiring an additional 2,105 shares during the period. MGO One Seven LLC's holdings in Automatic Data Processing were worth $4,187,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ADP. Brighton Jones LLC raised its holdings in 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 acquiring an additional 4,808 shares during the last quarter. Bison Wealth LLC increased its holdings in shares of Automatic Data Processing by 22.8% during the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider's stock worth $1,073,000 after buying an additional 681 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Automatic Data Processing by 13.8% during the 1st quarter. GAMMA Investing LLC now owns 9,495 shares of the business services provider's stock worth $2,901,000 after buying an additional 1,148 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Automatic Data Processing by 8.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 250,836 shares of the business services provider's stock worth $76,638,000 after buying an additional 20,467 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Automatic Data Processing during the 1st quarter worth $59,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Stock Down 0.3%

Shares of NASDAQ ADP opened at $284.35 on Tuesday. Automatic Data Processing, Inc. has a 12-month low of $272.62 and a 12-month high of $329.93. The company has a market cap of $115.19 billion, a P/E ratio of 28.49, a P/E/G ratio of 2.61 and a beta of 0.82. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock has a fifty day moving average price of $296.90 and a 200 day moving average price of $302.93.

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. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The firm had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same period in the prior year, the firm earned $2.09 EPS. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were issued a $1.54 dividend. This represents a $6.16 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, September 12th. Automatic Data Processing's dividend payout ratio is currently 61.72%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. BMO Capital Markets upgraded Automatic Data Processing to a "hold" rating and set a $340.00 price objective for the company in a report on Thursday, July 10th. Dbs Bank upgraded Automatic Data Processing to a "hold" rating in a report on Thursday, August 21st. Weiss Ratings restated a "buy (b)" rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. UBS Group dropped their price objective on Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating for the company in a report on Wednesday, September 17th. Finally, Morgan Stanley upped their price objective 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. Three equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $316.70.

Insider Buying and Selling

In other Automatic Data Processing news, VP Don Mcguire sold 13,599 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $4,033,055.43. Following the completion of the transaction, the vice president directly owned 17,684 shares of the company's stock, valued at $5,244,543.88. This represents a 43.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David Foskett sold 1,373 shares of the company'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 completion of the transaction, the vice president directly owned 11,781 shares of the company's stock, valued at approximately $3,493,891.17. The trade was a 10.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,516 shares of company stock worth $15,632,410 over the last quarter. Company insiders own 0.20% 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.

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