Integrity Alliance LLC. Makes New $762,000 Investment in Automatic Data Processing, Inc. $ADP

Key Points

• Integrity Alliance LLC recently acquired 2,495 shares of Automatic Data Processing, Inc. valued at around $762,000, marking a significant investment during the first quarter.
• Institutional investors continue to show strong interest in ADP, with hedge funds owning over 80% of its stock, highlighting the company's strong market presence.
• ADP announced a dividend of $1.54 per share, with an annualized yield of 2.1%, which will be paid out on October 1st to shareholders of record on September 12th.

Integrity Alliance LLC. bought a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,495 shares of the business services provider's stock, valued at approximately $762,000.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its position in Automatic Data Processing by 92.1% during the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider's stock valued at $2,935,000 after buying an additional 4,808 shares during the period. Bank Pictet & Cie Europe AG acquired a new position in Automatic Data Processing during the fourth quarter valued at $957,000. Bison Wealth LLC raised its position in Automatic Data Processing by 22.8% during the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider's stock valued at $1,073,000 after buying an additional 681 shares during the period. NorthRock Partners LLC raised its position in Automatic Data Processing by 346.1% during the fourth quarter. NorthRock Partners LLC now owns 4,961 shares of the business services provider's stock valued at $1,452,000 after buying an additional 3,849 shares during the period. Finally, Pathstone Holdings LLC raised its position in Automatic Data Processing by 2.1% during the fourth quarter. Pathstone Holdings LLC now owns 88,595 shares of the business services provider's stock valued at $25,973,000 after buying an additional 1,787 shares during the period. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Stock Down 0.9%

Shares of NASDAQ ADP traded down $2.63 during mid-day trading on Monday, reaching $290.87. 1,290,448 shares of the company traded hands, compared to its average volume of 1,714,931. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $117.81 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 2.69 and a beta of 0.82. The company's fifty day moving average is $303.00 and its two-hundred day moving average is $304.58. Automatic Data Processing, Inc. has a fifty-two week low of $272.18 and a fifty-two week high of $329.93.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the prior year, the firm posted $2.09 EPS. The firm'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. On average, analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be paid a dividend of $1.54 per share. 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 is presently 61.72%.

Insider Activity

In related news, VP Don Mcguire sold 13,599 shares of the 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 owned 17,684 shares in the company, valued at $5,244,543.88. This represents a 43.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Christopher D'ambrosio sold 597 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total value of $177,249.30. Following the sale, the vice president owned 10,541 shares of the company's stock, valued at approximately $3,129,622.90. The trade was a 5.36% decrease in their position. 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 90 days. Company insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. TD Securities upped their price target on Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a research report on Wednesday, May 21st. Royal Bank Of Canada reissued a "sector perform" rating and set a $315.00 price target on shares of Automatic Data Processing in a research report on Thursday, June 5th. Stifel Nicolaus upped their target price on Automatic Data Processing from $305.00 to $318.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. Morgan Stanley upped their target price on Automatic Data Processing from $310.00 to $311.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Finally, UBS Group dropped their target price on Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating on the stock in a research report on Friday, June 13th. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $317.00.

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.