Automatic Data Processing, Inc. $ADP Shares Purchased by Callan Family Office LLC

Key Points

• Callan Family Office LLC significantly increased its stake in Automatic Data Processing, Inc. by 375.3% during Q2, holding 22,542 shares valued at $6,952,000 by quarter's end.
• Automatic Data Processing reported a quarterly EPS of $2.26, surpassing analysts' estimates, and its quarterly revenue rose by 6.3% year-over-year, reaching $5.13 billion.
• 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%.

Callan Family Office LLC increased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 375.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,542 shares of the business services provider's stock after acquiring an additional 17,799 shares during the period. Callan Family Office LLC's holdings in Automatic Data Processing were worth $6,952,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. TFR Capital LLC. acquired a new position in Automatic Data Processing during the second quarter worth about $228,000. Leo Wealth LLC acquired a new position in Automatic Data Processing during the second quarter worth about $253,000. McElhenny Sheffield Capital Management LLC acquired a new position in Automatic Data Processing during the second quarter worth about $2,670,000. Copperwynd Financial LLC acquired a new position in Automatic Data Processing during the second quarter worth about $217,000. Finally, Columbus Macro LLC grew its holdings in Automatic Data Processing by 7.3% during the second quarter. Columbus Macro LLC now owns 23,475 shares of the business services provider's stock worth $7,240,000 after acquiring an additional 1,597 shares during the period. 80.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ADP has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Automatic Data Processing in a report on Wednesday. Morgan Stanley lifted their price target on Automatic Data Processing from $310.00 to $311.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Dbs Bank raised Automatic Data Processing to a "hold" rating in a research note on Thursday, August 21st. Mizuho lifted their price target on Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. Finally, UBS Group dropped their price target on 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. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $316.70.

Automatic Data Processing Trading Down 1.7%

Shares of NASDAQ ADP opened at $285.89 on Friday. Automatic Data Processing, Inc. has a one year low of $272.62 and a one year high of $329.93. The firm has a market capitalization of $115.81 billion, a PE ratio of 28.65, a PEG ratio of 2.66 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 business has a 50-day moving average price of $297.56 and a two-hundred day moving average price of $303.16.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $5.05 billion. During the same period last year, the company posted $2.09 EPS. The business'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. As a group, analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

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

Insider Buying and Selling at Automatic Data Processing

In other news, VP Joseph Desilva sold 4,614 shares of Automatic Data Processing stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $1,368,373.98. Following the completion of the sale, the vice president directly owned 17,536 shares in the company, valued at $5,200,651.52. The trade was a 20.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael A. Bonarti sold 8,728 shares of Automatic Data Processing stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total value of $2,604,697.04. Following the sale, the vice president owned 80,531 shares of the company's stock, valued at approximately $24,032,866.33. This represents a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock worth $15,632,410 over the last quarter. Insiders own 0.20% of the company's stock.

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.

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