Paragon Private Wealth Management LLC Reduces Position in Automatic Data Processing, Inc. $ADP

Key Points

• Paragon Private Wealth Management LLC sold 1,067 shares of Automatic Data Processing, reducing its holdings by 11.4%, and now owns 8,267 shares valued at approximately $2.526 million.
• Automatic Data Processing recently reported Q2 earnings of $2.26 EPS, surpassing analyst expectations, with revenue of $5.13 billion, reflecting a year-over-year increase of 6.3%.
• The company declared a quarterly dividend of $1.54 per share, resulting in an annualized yield of 2.0%, with a dividend payout ratio of 61.72%.

Paragon Private Wealth Management LLC trimmed its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 11.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,267 shares of the business services provider's stock after selling 1,067 shares during the period. Automatic Data Processing comprises 1.2% of Paragon Private Wealth Management LLC's holdings, making the stock its 19th biggest holding. Paragon Private Wealth Management LLC's holdings in Automatic Data Processing were worth $2,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its position 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 valued at $25,000 after buying an additional 78 shares during the period. Clarity Asset Management Inc. purchased a new stake in Automatic Data Processing in the 1st quarter valued at about $29,000. von Borstel & Associates Inc. purchased a new stake in Automatic Data Processing in the 1st quarter valued at about $30,000. Main Street Group LTD boosted its position in Automatic Data Processing by 50.7% in the 4th quarter. Main Street Group LTD now owns 113 shares of the business services provider's stock valued at $33,000 after buying an additional 38 shares during the period. Finally, Y.D. More Investments Ltd purchased a new stake in Automatic Data Processing in the 1st quarter valued at about $35,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Stock Up 0.8%

Shares of NASDAQ ADP traded up $2.33 during trading hours on Thursday, hitting $301.19. 1,656,890 shares of the stock were exchanged, compared to its average volume of 1,330,576. 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 company has a market cap of $121.99 billion, a PE ratio of 30.18, a PEG ratio of 2.74 and a beta of 0.82. The firm has a fifty day moving average price of $304.39 and a 200-day moving average price of $305.33. Automatic Data Processing, Inc. has a 12 month low of $267.79 and a 12 month high of $329.93.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping the consensus estimate of $2.23 by $0.03. The firm had revenue of $5.13 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, sell-side analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The company also recently disclosed 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. This represents a $6.16 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, September 12th. Automatic Data Processing's payout ratio is 61.72%.

Analysts Set New Price Targets

ADP has been the subject of several recent research reports. Dbs Bank upgraded shares of Automatic Data Processing to a "hold" rating in a report on Thursday, August 21st. 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. Mizuho boosted their price target on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a report on Friday, June 13th. Stifel Nicolaus boosted their price target 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. Finally, UBS Group reduced their price target on shares of Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating for the company in a report on Friday, June 13th. Two investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target 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.