Nations Financial Group Inc. IA ADV Sells 3,022 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• Nations Financial Group Inc. IA ADV reduced its stake in Automatic Data Processing, Inc. by 12.4%, resulting in ownership of 21,266 shares valued at approximately $6.5 million.
• The company reported Q2 earnings of $2.26 per share, exceeding estimates, with a revenue of $5.13 billion, reflecting a 6.3% year-over-year increase.
• Multiple analysts have provided varying upgrades and downgrades, with a consensus rating of "Hold" and an average price target of $314.33.

Nations Financial Group Inc. IA ADV decreased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,266 shares of the business services provider's stock after selling 3,022 shares during the quarter. Nations Financial Group Inc. IA ADV's holdings in Automatic Data Processing were worth $6,498,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Sentinus LLC raised its stake in shares of 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 raised its stake in shares of 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 grew 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 valued at $1,079,000 after purchasing an additional 36 shares during the period. Detalus Advisors LLC grew 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 valued at $478,000 after purchasing an additional 37 shares during the period. Finally, Main Street Group LTD grew 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 valued at $33,000 after purchasing an additional 38 shares during the period. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Stock Up 1.0%

Shares of ADP stock traded up $3.07 during trading on Tuesday, reaching $305.72. The company's stock had a trading volume of 1,162,264 shares, compared to its average volume of 1,737,028. 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 business has a fifty day moving average price of $305.42 and a 200-day moving average price of $305.62. Automatic Data Processing, Inc. has a one year low of $263.42 and a one year high of $329.93. The company has a market cap of $123.83 billion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 2.77 and a beta of 0.81.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.03. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same period in the prior year, the firm posted $2.09 earnings per share. The company'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. Analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be paid a $1.54 dividend. The ex-dividend date is Friday, September 12th. This represents a $6.16 annualized dividend and a yield of 2.0%. Automatic Data Processing's dividend payout ratio is currently 61.72%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. UBS Group decreased 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 report on Friday, June 13th. TD Securities boosted 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. Mizuho boosted their price objective on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a report on Friday, June 13th. Morgan Stanley boosted their price objective on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Finally, BMO Capital Markets upgraded shares of Automatic Data Processing to a "hold" rating and set a $340.00 price objective for the company in a report on Thursday, July 10th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $314.33.

About Automatic Data Processing

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.