Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $21.68 Million Stock Holdings in Automatic Data Processing, Inc. $ADP

Key Points

• Empirical Financial Services LLC increased its holdings in Automatic Data Processing, Inc. (ADP) by 8.4%, bringing their total investment to $21.68 million after purchasing an additional 5,476 shares in the second quarter.
• Automatic Data Processing reported an earnings per share (EPS) of $2.26 for the most recent quarter, exceeding expectations, and indicated a revenue increase of 6.3% year over year.
• The company recently declared a quarterly dividend of $1.54 per share, demonstrating a dividend yield of 2.1% and a payout ratio of 61.72%.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,309 shares of the business services provider's stock after buying an additional 5,476 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Automatic Data Processing were worth $21,684,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ADP. Activest Wealth Management lifted its position in Automatic Data Processing by 2,600.0% in the 1st 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 in the last quarter. Clarity Asset Management Inc. bought a new position in Automatic Data Processing in the 1st quarter valued at about $29,000. von Borstel & Associates Inc. bought a new position in Automatic Data Processing in the 1st quarter valued at about $30,000. Y.D. More Investments Ltd bought a new position in Automatic Data Processing in the 1st quarter valued at about $35,000. Finally, Abound Wealth Management lifted its position in Automatic Data Processing by 58.1% in the 1st 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 in the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $289.87 on Friday. Automatic Data Processing, Inc. has a 52 week low of $272.62 and a 52 week high of $329.93. The company's 50 day moving average price is $299.43 and its two-hundred day moving average price is $303.40. 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 stock has a market cap of $117.42 billion, a P/E ratio of 29.05, a P/E/G ratio of 2.67 and a beta of 0.82.

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, 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 company had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same quarter last year, the business posted $2.09 EPS. Automatic Data Processing'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. On average, equities analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were paid a dividend of $1.54 per share. The ex-dividend date was Friday, September 12th. This represents a $6.16 annualized dividend and a dividend yield of 2.1%. Automatic Data Processing's dividend payout ratio (DPR) is presently 61.72%.

Insider Activity at Automatic Data Processing

In other news, VP Joseph Desilva sold 4,614 shares of the firm'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 transaction of $1,368,373.98. Following the completion of the sale, the vice president owned 17,536 shares in the company, valued at $5,200,651.52. This trade represents a 20.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Don Mcguire sold 13,599 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $4,033,055.43. Following the sale, the vice president owned 17,684 shares of the company's stock, valued at approximately $5,244,543.88. The trade was a 43.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,516 shares of company stock worth $15,632,410 over the last 90 days. Corporate insiders own 0.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. UBS Group dropped their price target 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, September 17th. Morgan Stanley raised their price target 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. Dbs Bank raised shares of Automatic Data Processing to a "hold" rating in a research report on Thursday, August 21st. Stifel Nicolaus raised their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $315.00 target price on shares of Automatic Data Processing in a research report on Thursday, June 5th. Two investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average 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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