Lifestyle Asset Management Inc. Invests $311,000 in Automatic Data Processing, Inc. $ADP

Key Points

• Lifestyle Asset Management Inc. invested $311,000 in Automatic Data Processing, Inc. (NASDAQ:ADP), acquiring 1,007 shares during the 2nd quarter.
• Approximately 80.03% of ADP's stock is held by institutional investors, with several recent investments indicating strong interest, including a significant 2,600.0% increase by Activest Wealth Management.
• ADP recently announced a quarterly dividend of $1.54 per share, which will be paid on October 1st, reflecting an annualized yield of 2.1%.

Lifestyle Asset Management Inc. acquired a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,007 shares of the business services provider's stock, valued at approximately $311,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Activest Wealth Management boosted its position in shares of 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 in the last quarter. Clarity Asset Management Inc. acquired a new position in shares of Automatic Data Processing during the 1st quarter worth about $29,000. von Borstel & Associates Inc. acquired a new position in shares of Automatic Data Processing during the 1st quarter worth about $30,000. Y.D. More Investments Ltd acquired a new position in shares of Automatic Data Processing during the 1st quarter worth about $35,000. Finally, Abound Wealth Management boosted its position in shares of Automatic Data Processing by 58.1% during the 1st quarter. Abound Wealth Management now owns 117 shares of the business services provider's stock worth $36,000 after acquiring an additional 43 shares in the last quarter. 80.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADP has been the subject of several analyst reports. Stifel Nicolaus upped their price objective 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 company an "equal weight" rating in a research report on Thursday, July 31st. BMO Capital Markets raised Automatic Data Processing to a "hold" rating and set a $340.00 target price for the company in a research report on Thursday, July 10th. UBS Group decreased their target price on Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating for the company in a research report on Friday, June 13th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $315.00 target price on shares of Automatic Data Processing in a research report on Thursday, June 5th. Two equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Automatic Data Processing has an average rating of "Hold" and an average price target of $317.00.

Insider Buying and Selling

In other Automatic Data Processing news, VP Joseph Desilva sold 4,614 shares of the business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $1,368,373.98. Following the transaction, the vice president directly owned 17,536 shares of the company's stock, valued at approximately $5,200,651.52. The trade was a 20.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $4,033,055.43. Following the transaction, the vice president directly owned 17,684 shares of the company's stock, valued at approximately $5,244,543.88. This trade represents a 43.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,516 shares of company stock worth $15,632,410 in the last ninety days. Insiders own 0.21% of the company's stock.

Automatic Data Processing Stock Down 0.9%

Automatic Data Processing stock opened at $290.87 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $117.81 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 2.69 and a beta of 0.82. The stock has a 50 day moving average of $302.65 and a two-hundred day moving average of $304.41. Automatic Data Processing, Inc. has a twelve month low of $272.18 and a twelve month high of $329.93.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $5.13 billion for the quarter, compared to analysts' expectations of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. Automatic Data Processing's revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.09 EPS. 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 earnings per share for the current year.

Automatic Data Processing Announces Dividend

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

Want to see what other hedge funds are holding ADP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.