Automatic Data Processing, Inc. $ADP Stock Position Lifted by Brendel Financial Advisors LLC

Key Points

• Brendel Financial Advisors LLC increased its holdings in Automatic Data Processing, Inc. by 966.3% during the second quarter, acquiring an additional 10,919 shares, bringing its total to 12,049 shares valued at approximately $3.72 million.
• Automatic Data Processing reported a Q2 EPS of $2.26, exceeding analysts' expectations, with a revenue increase of 6.3% year-over-year to $5.13 billion.
• The company declared a quarterly dividend of $1.54 per share, with an annualized yield of 2.1%, to be paid on October 1st for investors of record as of September 12th.

Brendel Financial Advisors LLC boosted its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 966.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,049 shares of the business services provider's stock after purchasing an additional 10,919 shares during the period. Automatic Data Processing makes up 2.1% of Brendel Financial Advisors LLC's portfolio, making the stock its 13th biggest position. Brendel Financial Advisors LLC's holdings in Automatic Data Processing were worth $3,716,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Activest Wealth Management grew its holdings in Automatic Data Processing by 2,600.0% during the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider's stock worth $25,000 after acquiring an additional 78 shares in the last quarter. Clarity Asset Management Inc. acquired a new position in Automatic Data Processing during the 1st quarter worth $29,000. von Borstel & Associates Inc. acquired a new position in Automatic Data Processing during the 1st quarter worth $30,000. Y.D. More Investments Ltd acquired a new position in Automatic Data Processing during the 1st quarter worth $35,000. Finally, Abound Wealth Management grew its holdings in Automatic Data Processing by 58.1% during the 1st quarter. Abound Wealth Management now owns 117 shares of the business services provider's stock worth $36,000 after acquiring an additional 43 shares in the last quarter. 80.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP David Foskett sold 1,373 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $407,190.61. Following the sale, the vice president directly owned 11,781 shares in the company, valued at $3,493,891.17. The trade was a 10.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Michael A. Bonarti sold 8,728 shares of Automatic Data Processing stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the completion of the transaction, the vice president directly owned 80,531 shares in the company, valued at approximately $24,032,866.33. This trade represents a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,516 shares of company stock worth $15,632,410. Company insiders own 0.21% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Dbs Bank raised shares of Automatic Data Processing to a "hold" rating in a report on Thursday, August 21st. Stifel Nicolaus boosted their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Royal Bank Of Canada reissued a "sector perform" rating and set a $315.00 price target on shares of Automatic Data Processing in a report on Thursday, June 5th. UBS Group cut their price objective on shares of Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, Morgan Stanley lifted 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 research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $314.73.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP traded up $1.05 during mid-day trading on Friday, reaching $292.00. 4,039,574 shares of the company traded hands, compared to its average volume of 1,574,773. Automatic Data Processing, Inc. has a fifty-two week low of $272.18 and a fifty-two week high of $329.93. The firm has a market cap of $118.27 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82. The stock has a fifty day simple moving average of $301.38 and a 200-day simple moving average of $303.81. 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 issued 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 company had revenue of $5.13 billion for the quarter, compared to analysts' expectations of $5.05 billion. During the same period last year, the firm earned $2.09 EPS. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be issued a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, September 12th. Automatic Data Processing's payout ratio is presently 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.