GC Wealth Management RIA LLC Acquires 5,081 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• GC Wealth Management RIA LLC significantly increased its holdings in Automatic Data Processing, Inc. (ADP) by 191.2%, acquiring an additional 5,081 shares during the second quarter, bringing its total to 7,738 shares valued at approximately $2.39 million.
• Numerous institutional investors have also boosted their stakes in ADP, with 80.03% of the stock now owned by institutional investors, highlighting strong institutional interest.
• Automatic Data Processing recently announced a quarterly dividend of $1.54 per share, with the stock expected to yield 2.1% annually, reflecting the company's commitment to shareholder returns.

GC Wealth Management RIA LLC increased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 191.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,738 shares of the business services provider's stock after purchasing an additional 5,081 shares during the quarter. GC Wealth Management RIA LLC's holdings in Automatic Data Processing were worth $2,386,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of ADP. Nuveen LLC bought a new position in shares of Automatic Data Processing during the 1st quarter worth approximately $661,771,000. Mackenzie Financial Corp grew its stake in shares of Automatic Data Processing by 128.1% during the 1st quarter. Mackenzie Financial Corp now owns 1,585,704 shares of the business services provider's stock worth $484,480,000 after acquiring an additional 890,440 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Automatic Data Processing by 15.7% during the 1st quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider's stock worth $1,348,805,000 after acquiring an additional 601,400 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Automatic Data Processing by 811.7% during the 1st quarter. SG Americas Securities LLC now owns 637,601 shares of the business services provider's stock worth $194,806,000 after acquiring an additional 567,664 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Automatic Data Processing by 22.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider's stock worth $934,647,000 after acquiring an additional 564,187 shares in the last quarter. 80.03% of the stock is owned by institutional investors.

Insider Activity at Automatic Data Processing

In other news, VP Joseph Desilva sold 4,614 shares of Automatic Data Processing stock in a transaction on Wednesday, September 3rd. The stock was 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher D'ambrosio sold 597 shares of Automatic Data Processing stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total value of $177,249.30. Following the sale, the vice president directly owned 10,541 shares of the company's stock, valued at $3,129,622.90. This represents a 5.36% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,516 shares of company stock valued at $15,632,410. 0.20% of the stock is currently owned by insiders.

Automatic Data Processing Trading Up 0.9%

Shares of Automatic Data Processing stock opened at $291.54 on Monday. The business has a fifty day simple moving average of $300.36 and a two-hundred day simple moving average of $303.59. Automatic Data Processing, Inc. has a 1 year low of $272.18 and a 1 year high of $329.93. The company has a market capitalization of $118.10 billion, a price-to-earnings ratio of 29.21, a P/E/G ratio of 2.67 and a beta of 0.82. 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 (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 (EPS) 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 business had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter last year, the firm posted $2.09 EPS. 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. Research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

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 issued a dividend of $1.54 per share. The ex-dividend date of this dividend is 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 (DPR) is currently 61.72%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ADP shares. Morgan Stanley raised their price target on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. UBS Group cut 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. Royal Bank Of Canada reissued a "sector perform" rating and issued a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, June 5th. Stifel Nicolaus increased their price objective on Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Finally, Mizuho increased their price objective on Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a report on Friday, June 13th. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target 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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