IFP Advisors Inc Grows Holdings in Automatic Data Processing, Inc. $ADP

Key Points

• IFP Advisors Inc increased its holdings in Automatic Data Processing, Inc. by 17.9% during the second quarter, owning 21,182 shares valued at approximately $6.7 million by the end of the reporting period.
• Several institutional investors also made significant changes, with Callan Family Office LLC growing its holdings by 375.3%, now owning 22,542 shares valued at about $6.95 million.
• Wall Street analysts maintain a consensus rating of "Hold" for Automatic Data Processing, with price targets ranging from $305 to $340, reflecting a mixed outlook on the stock's future performance.

IFP Advisors Inc lifted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 17.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,182 shares of the business services provider's stock after purchasing an additional 3,218 shares during the period. IFP Advisors Inc's holdings in Automatic Data Processing were worth $6,697,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Callan Family Office LLC grew its holdings in shares of Automatic Data Processing by 375.3% in the second quarter. Callan Family Office LLC now owns 22,542 shares of the business services provider's stock valued at $6,952,000 after purchasing an additional 17,799 shares in the last quarter. TFR Capital LLC. acquired a new position in shares of Automatic Data Processing in the second quarter valued at approximately $228,000. Leo Wealth LLC acquired a new position in shares of Automatic Data Processing in the second quarter valued at approximately $253,000. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Automatic Data Processing in the second quarter valued at approximately $2,670,000. Finally, Copperwynd Financial LLC acquired a new position in shares of Automatic Data Processing in the second quarter valued at approximately $217,000. Institutional investors and hedge funds own 80.03% of the company's stock.

Insiders Place Their Bets

In other news, VP Michael A. Bonarti sold 8,728 shares of the company's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total value of $2,604,697.04. Following the completion of the transaction, the vice president owned 80,531 shares in the company, valued at approximately $24,032,866.33. This represents a 9.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Maria Black sold 23,605 shares of the company'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 completion of the transaction, the chief executive officer owned 76,161 shares of the company's stock, valued at approximately $22,720,349.52. The trade was a 23.66% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,516 shares of company stock worth $15,632,410. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Morgan Stanley lifted their price objective 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. BMO Capital Markets upgraded shares of Automatic Data Processing to a "hold" rating and set a $340.00 price target for the company in a report on Thursday, July 10th. Weiss Ratings reiterated a "buy (b)" rating on shares of Automatic Data Processing in a report on Wednesday. Finally, Dbs Bank upgraded shares of Automatic Data Processing to a "hold" rating in a report on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $316.70.

Automatic Data Processing Trading Down 1.7%

NASDAQ ADP opened at $285.89 on Friday. The firm has a 50 day moving average of $297.56 and a two-hundred day moving average of $303.16. Automatic Data Processing, Inc. has a 52 week low of $272.62 and a 52 week high of $329.93. 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 capitalization of $115.81 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 2.66 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its 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 net margin of 19.84% and a return on equity of 72.84%. The business had revenue of $5.13 billion during the quarter, compared to analysts' expectations of $5.05 billion. During the same quarter in the prior year, the business posted $2.09 EPS. The company's revenue for the quarter 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, research analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

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

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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