CreativeOne Wealth LLC Trims Holdings in Automatic Data Processing, Inc. $ADP

Key Points

• CreativeOne Wealth LLC reduced its stake in Automatic Data Processing, Inc. by 21.3% in the first quarter, now holding 8,945 shares worth approximately $2.73 million.
• Automatic Data Processing recently announced a quarterly dividend of $1.54 per share, representing an annualized yield of 2.0%, to be paid on October 1st.
• Despite the ownership changes, Institutional investors control 80.03% of Automatic Data Processing stock, reflecting strong interest from hedge funds and other institutions.

CreativeOne Wealth LLC trimmed its position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 21.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,945 shares of the business services provider's stock after selling 2,425 shares during the quarter. CreativeOne Wealth LLC's holdings in Automatic Data Processing were worth $2,733,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaCore Capital LLC purchased a new stake in Automatic Data Processing in the 1st quarter worth approximately $688,000. Golden State Wealth Management LLC increased its holdings in Automatic Data Processing by 29.6% in the 1st quarter. Golden State Wealth Management LLC now owns 565 shares of the business services provider's stock worth $173,000 after acquiring an additional 129 shares in the last quarter. GAMMA Investing LLC boosted its stake in Automatic Data Processing by 13.8% in the 1st quarter. GAMMA Investing LLC now owns 9,495 shares of the business services provider's stock worth $2,901,000 after purchasing an additional 1,148 shares during the period. Toronto Dominion Bank boosted its stake in Automatic Data Processing by 10.2% in the 4th quarter. Toronto Dominion Bank now owns 236,707 shares of the business services provider's stock worth $69,290,000 after purchasing an additional 21,910 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Automatic Data Processing by 8.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 250,836 shares of the business services provider's stock worth $76,638,000 after purchasing an additional 20,467 shares during the period. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Stock Down 0.1%

NASDAQ ADP opened at $303.09 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $122.76 billion, a P/E ratio of 30.37, a P/E/G ratio of 2.78 and a beta of 0.81. Automatic Data Processing, Inc. has a one year low of $267.79 and a one year high of $329.93. The stock has a 50 day moving average price of $304.86 and a 200-day moving average price of $305.56.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, beating analysts' consensus estimates of $2.23 by $0.03. The firm had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The company's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, equities analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be given a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, September 12th. Automatic Data Processing's dividend payout ratio is currently 61.72%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Stifel Nicolaus upped their price target on Automatic Data Processing from $305.00 to $318.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. BMO Capital Markets upgraded Automatic Data Processing to a "hold" rating and set a $340.00 price target for the company in a research note on Thursday, July 10th. Royal Bank Of Canada restated a "sector perform" rating and issued a $315.00 price target on shares of Automatic Data Processing in a research note on Thursday, June 5th. Dbs Bank upgraded Automatic Data Processing to a "hold" rating in a research note on Thursday, August 21st. Finally, Mizuho upped 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. Two research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $317.00.

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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