FNY Investment Advisers LLC Invests $308,000 in Automatic Data Processing, Inc. $ADP

Key Points

• FNY Investment Advisers LLC invested approximately $308,000 in Automatic Data Processing, Inc. by acquiring 1,000 shares, marking a new position for the firm in the business services provider.
• Executives at Automatic Data Processing recently sold significant amounts of their stock, with VP Don Mcguire selling 13,599 shares for over $4 million, indicating a decrease of 43.47% in his position.
• The company reported a 6.3% increase in revenue year-over-year and beat earnings estimates with $2.26 EPS for the last quarter, along with a quarterly dividend of $1.54.

FNY Investment Advisers LLC acquired a new position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,000 shares of the business services provider's stock, valued at approximately $308,000.

Other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management lifted its position 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 during the period. Harbor Asset Planning Inc. purchased a new stake in Automatic Data Processing during the 2nd quarter valued at about $26,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Automatic Data Processing during the 2nd quarter valued at about $26,000. Clarity Asset Management Inc. purchased a new stake in Automatic Data Processing during the 1st quarter valued at about $29,000. Finally, von Borstel & Associates Inc. purchased a new stake in Automatic Data Processing during the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 80.03% of the company's stock.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Don Mcguire sold 13,599 shares of the business'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 completion of the sale, the vice president directly owned 17,684 shares in the company, valued at approximately $5,244,543.88. The trade was a 43.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Joseph Desilva sold 4,614 shares of the business'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 value of $1,368,373.98. Following the sale, the vice president owned 17,536 shares of the company's stock, valued at approximately $5,200,651.52. This trade represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,516 shares of company stock worth $15,632,410 over the last quarter. Company insiders own 0.20% of the company's stock.

Automatic Data Processing Price Performance

Shares of Automatic Data Processing stock opened at $283.95 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. Automatic Data Processing, Inc. has a twelve month low of $272.62 and a twelve month high of $329.93. The business has a 50-day moving average price of $294.18 and a 200 day moving average price of $302.01. The firm has a market cap of $115.03 billion, a PE ratio of 28.45, a P/E/G ratio of 2.60 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share 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 firm had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the previous year, the business earned $2.09 EPS. Automatic Data Processing's revenue for the quarter 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. Sell-side analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on ADP. Dbs Bank upgraded Automatic Data Processing to a "hold" rating in a research note on Thursday, August 21st. Weiss Ratings reiterated a "buy (b)" rating on shares of Automatic Data Processing in a research note on Wednesday, October 8th. BMO Capital Markets upgraded Automatic Data Processing to a "hold" rating and set a $340.00 price target on the stock in a research note on Thursday, July 10th. Morgan Stanley boosted their price objective on Automatic Data Processing from $310.00 to $311.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Finally, UBS Group decreased their price objective on Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating for the company in a report on Wednesday, September 17th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $314.09.

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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