Focus Partners Wealth Increases Position in Automatic Data Processing, Inc. $ADP

Key Points

• Focus Partners Wealth increased its holdings in Automatic Data Processing, Inc. by 3.8%, owning a total of 123,682 shares worth approximately $37.77 million after purchasing additional shares in the first quarter.
• Various institutional investors made significant adjustments to their stakes in Automatic Data Processing during the first quarter, with hedge funds and other institutions now owning 80.03% of the company's stock.
• Analysts have mixed ratings for ADP, with a consensus rating of "Hold" and a target price averaging around $317.00, as recent reports show upgrades and downgrades from major firms.

Focus Partners Wealth boosted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 3.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 123,682 shares of the business services provider's stock after purchasing an additional 4,529 shares during the quarter. Focus Partners Wealth's holdings in Automatic Data Processing were worth $37,765,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management grew its holdings in shares of Automatic Data Processing by 2,600.0% during the first quarter. Activest Wealth Management now owns 81 shares of the business services provider's stock valued at $25,000 after buying an additional 78 shares during the last quarter. Clarity Asset Management Inc. purchased a new stake in shares of Automatic Data Processing during the first quarter valued at approximately $29,000. von Borstel & Associates Inc. purchased a new stake in shares of Automatic Data Processing during the first quarter valued at approximately $30,000. Main Street Group LTD grew its holdings in shares of Automatic Data Processing by 50.7% during the fourth quarter. Main Street Group LTD now owns 113 shares of the business services provider's stock valued at $33,000 after buying an additional 38 shares during the last quarter. Finally, Y.D. More Investments Ltd purchased a new stake in shares of Automatic Data Processing during the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 80.03% of the company's stock.

Wall Street Analyst Weigh In

ADP has been the topic of a number of recent analyst reports. Morgan Stanley increased 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 report on Thursday, July 31st. Stifel Nicolaus raised their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. TD Securities raised their target price on shares of Automatic Data Processing from $298.00 to $321.00 and gave the stock a "hold" rating in a report on Wednesday, May 21st. BMO Capital Markets upgraded 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. Finally, UBS Group dropped their target price on shares of Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating on the stock in a report on Friday, June 13th. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Automatic Data Processing currently has a consensus rating of "Hold" and a consensus price target of $317.00.

Insider Buying and Selling at Automatic Data Processing

In other news, CEO Maria Black sold 23,605 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the sale, the chief executive officer directly owned 76,161 shares in the company, valued at $22,720,349.52. This trade represents a 23.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Don Mcguire sold 13,599 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were 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 in the company, valued at $5,244,543.88. The trade was a 43.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,191 shares of company stock valued at $12,850,464 over the last three months. Insiders own 0.21% of the company's stock.

Automatic Data Processing Stock Down 1.6%

ADP opened at $292.39 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. Automatic Data Processing, Inc. has a 1-year low of $270.71 and a 1-year high of $329.93. The company has a market capitalization of $118.43 billion, a PE ratio of 29.30, a PEG ratio of 2.72 and a beta of 0.82. The firm's 50 day simple moving average is $303.53 and its two-hundred day simple moving average is $304.90.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share 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 business had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same period last year, the firm earned $2.09 earnings per share. The company's quarterly 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. As a group, equities analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be given a $1.54 dividend. The ex-dividend date is Friday, September 12th. This represents a $6.16 annualized dividend and a yield of 2.1%. Automatic Data Processing's dividend payout ratio (DPR) 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.

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