Naples Global Advisors LLC Has $1.74 Million Position in Automatic Data Processing, Inc. $ADP

Key Points

• Naples Global Advisors LLC increased its stake in Automatic Data Processing (ADP) by 24.7% during the second quarter, holding a position valued at $1.74 million after acquiring additional shares.
• Recent research reports show a range of price targets for ADP, with estimates varying from $290 to $340, while the stock currently holds an average rating of "Hold".
• ADP recently announced a quarterly dividend of $1.54, representing a 2.1% yield, reflecting its consistent commitment to returning value to shareholders.

Naples Global Advisors LLC boosted its position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 24.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,614 shares of the business services provider's stock after purchasing an additional 1,111 shares during the period. Naples Global Advisors LLC's holdings in Automatic Data Processing were worth $1,740,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management increased its holdings in Automatic Data Processing by 2,600.0% in the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider's stock worth $25,000 after purchasing an additional 78 shares in the last quarter. Clarity Asset Management Inc. acquired a new stake in shares of Automatic Data Processing in the first quarter valued at about $29,000. von Borstel & Associates Inc. acquired a new stake in shares of Automatic Data Processing in the first quarter valued at about $30,000. Y.D. More Investments Ltd acquired a new stake in shares of Automatic Data Processing in the first quarter valued at about $35,000. Finally, Abound Wealth Management increased its stake in shares of Automatic Data Processing by 58.1% in the first quarter. Abound Wealth Management now owns 117 shares of the business services provider's stock valued at $36,000 after buying an additional 43 shares during the period. Institutional investors and hedge funds own 80.03% of the company's stock.

Wall Street Analysts Forecast Growth

ADP has been the subject of several recent research reports. UBS Group decreased their price target on Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating for the company in a research note on Wednesday, September 17th. BMO Capital Markets raised Automatic Data Processing to a "hold" rating and set a $340.00 price target for the company in a research note on Thursday, July 10th. Morgan Stanley increased their price target on Automatic Data Processing from $310.00 to $311.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Dbs Bank raised Automatic Data Processing to a "hold" rating in a research note on Thursday, August 21st. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $315.00 target price on shares of Automatic Data Processing in a research report on Thursday, June 5th. Two analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Automatic Data Processing presently has an average rating of "Hold" and an average target price of $316.70.

Automatic Data Processing Stock Down 0.6%

Shares of Automatic Data Processing stock opened at $289.87 on Friday. Automatic Data Processing, Inc. has a one year low of $272.62 and a one year high of $329.93. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. The stock's 50-day moving average is $299.43 and its 200 day moving average is $303.40. The firm has a market cap of $117.42 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 2.67 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its earnings results on Wednesday, July 30th. The business services provider reported $2.26 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 company 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 company earned $2.09 EPS. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders 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 yield of 2.1%. Automatic Data Processing's dividend payout ratio is presently 61.72%.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Michael A. Bonarti sold 8,728 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total value of $2,604,697.04. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Joseph Desilva sold 4,614 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 $1,368,373.98. Following the completion of the transaction, the vice president owned 17,536 shares in the company, valued at approximately $5,200,651.52. The trade was a 20.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,516 shares of company stock valued at $15,632,410. 0.20% of the stock is currently owned by corporate insiders.

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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