Columbus Macro LLC Increases Stock Position in Automatic Data Processing, Inc. $ADP

Key Points

• Columbus Macro LLC increased its stake in Automatic Data Processing, Inc. by 7.3% in Q2, bringing its total holdings to 23,475 shares valued at $7,240,000.
• Several institutional investors have also increased their shares significantly, with Brighton Jones LLC raising its stake by 92.1% during the last quarter.
• The company announced a quarterly dividend of $1.54 per share, reflecting a dividend yield of 2.1% and a payout ratio of 61.72%.

Columbus Macro LLC lifted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 7.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,475 shares of the business services provider's stock after buying an additional 1,597 shares during the quarter. Columbus Macro LLC's holdings in Automatic Data Processing were worth $7,240,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ADP. Brighton Jones LLC lifted its stake in shares of Automatic Data Processing by 92.1% during the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider's stock valued at $2,935,000 after buying an additional 4,808 shares in the last quarter. Bison Wealth LLC lifted its stake 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 valued at $1,073,000 after buying an additional 681 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Automatic Data Processing by 0.7% during the 1st quarter. Farther Finance Advisors LLC now owns 9,993 shares of the business services provider's stock worth $3,063,000 after acquiring an additional 68 shares during the period. GAMMA Investing LLC increased its holdings in 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 acquiring an additional 1,148 shares during the period. Finally, Fiduciary Financial Group LLC increased its holdings in Automatic Data Processing by 19.9% during the 1st quarter. Fiduciary Financial Group LLC now owns 1,210 shares of the business services provider's stock worth $354,000 after acquiring an additional 201 shares during the period. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Don Mcguire sold 13,599 shares of the company's stock in a transaction on 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 sale, the vice president owned 17,684 shares of the company's stock, valued at approximately $5,244,543.88. This represents a 43.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher D'ambrosio sold 597 shares of the company's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total transaction of $177,249.30. Following the completion of the sale, the vice president directly owned 10,541 shares of the company's stock, valued at $3,129,622.90. This trade represents a 5.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,516 shares of company stock worth $15,632,410 in the last ninety days. 0.20% of the stock is currently owned by insiders.

Automatic Data Processing Price Performance

ADP stock opened at $290.70 on Thursday. 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, Inc. has a one year low of $272.62 and a one year high of $329.93. The stock has a market cap of $117.76 billion, a PE ratio of 29.13, a P/E/G ratio of 2.68 and a beta of 0.82. The firm has a 50 day simple moving average of $298.04 and a two-hundred day simple moving average of $303.25.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $5.13 billion during the quarter, compared to analysts' expectations of $5.05 billion. During the same quarter in the prior year, the company earned $2.09 EPS. The firm's revenue 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. On average, analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were paid a $1.54 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.1%. Automatic Data Processing's dividend payout ratio is 61.72%.

Analyst Ratings Changes

A number of analysts recently weighed in on ADP shares. BMO Capital Markets raised shares of Automatic Data Processing to a "hold" rating and set a $340.00 target price on the stock in a report on Thursday, July 10th. Dbs Bank raised shares of Automatic Data Processing to a "hold" rating in a report on Thursday, August 21st. Morgan Stanley upped their target price on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Automatic Data Processing in a report on Wednesday. Finally, UBS Group decreased their target price on shares of Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating on the stock in a report on Wednesday, September 17th. Three investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $316.70.

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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