Bey Douglas LLC Acquires 4,012 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• Bey Douglas LLC increased its holdings in Automatic Data Processing, Inc. by 36.8%, acquiring an additional 4,012 shares to reach a total of 14,917 shares.
• Automatic Data Processing announced a quarterly dividend of $1.54, representing an annualized yield of 2.2% and a payout ratio of 61.72%.
• The stock’s current market cap stands at $115.53 billion with a recent earnings report showing a revenue of $5.13 billion for the quarter, exceeding analyst expectations.

Bey Douglas LLC boosted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 36.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,917 shares of the business services provider's stock after purchasing an additional 4,012 shares during the period. Automatic Data Processing makes up 2.8% of Bey Douglas LLC's portfolio, making the stock its 18th largest position. Bey Douglas LLC's holdings in Automatic Data Processing were worth $4,600,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADP. Activest Wealth Management raised its stake in shares of Automatic Data Processing by 2,600.0% during the first quarter. Activest Wealth Management now owns 81 shares of the business services provider's stock valued at $25,000 after acquiring an additional 78 shares during the last quarter. Clarity Asset Management Inc. bought a new position in shares of Automatic Data Processing during the first quarter valued at about $29,000. von Borstel & Associates Inc. bought a new position in shares of Automatic Data Processing during the first quarter valued at about $30,000. Y.D. More Investments Ltd bought a new position in shares of Automatic Data Processing during the first quarter valued at about $35,000. Finally, Abound Wealth Management raised its stake in shares of Automatic Data Processing by 58.1% during the first quarter. Abound Wealth Management now owns 117 shares of the business services provider's stock valued at $36,000 after acquiring an additional 43 shares during the last quarter. 80.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on ADP shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Automatic Data Processing in a research note on Wednesday. Stifel Nicolaus upped their price objective on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. Mizuho increased their price target on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. UBS Group decreased their price target on shares of Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating for the company in a research note on Wednesday, September 17th. Finally, Morgan Stanley increased their price target on shares of 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. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $316.70.

Automatic Data Processing Price Performance

ADP stock opened at $285.19 on Friday. Automatic Data Processing, Inc. has a 1 year low of $272.62 and a 1 year high of $329.93. The company has a market cap of $115.53 billion, a P/E ratio of 28.58, a PEG ratio of 2.62 and a beta of 0.82. The firm has a 50-day moving average of $297.26 and a 200 day moving average of $303.06. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05.

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 earnings per share for the quarter, topping analysts' consensus estimates of $2.23 by $0.03. The business had revenue of $5.13 billion for 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%. The business's revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, sell-side analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

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

Insiders Place Their Bets

In other Automatic Data Processing news, VP Michael A. Bonarti sold 8,728 shares of the company's 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 in the company, valued at approximately $24,032,866.33. This represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joseph Desilva sold 4,614 shares of the company's 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 owned 17,536 shares in the company, valued at approximately $5,200,651.52. This trade represents a 20.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,516 shares of company stock valued at $15,632,410. Insiders own 0.20% of the company's stock.

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.

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