Running Oak Capital LLC Has $16.71 Million Stock Holdings in Automatic Data Processing, Inc. $ADP

Key Points

• Running Oak Capital LLC increased its holdings in Automatic Data Processing, Inc. by 2.8% in Q2, now owning approximately $16.71 million worth of shares.
• Automatic Data Processing recently announced a quarterly dividend of $1.54 per share, resulting in a 2.1% yield for shareholders.
• The stock has a current market capitalization of $118.01 billion and analysts have a consensus "Hold" rating with an average price target of $316.70.

Running Oak Capital LLC raised its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,029 shares of the business services provider's stock after acquiring an additional 1,453 shares during the period. Automatic Data Processing makes up approximately 1.9% of Running Oak Capital LLC's investment portfolio, making the stock its 25th largest position. Running Oak Capital LLC's holdings in Automatic Data Processing were worth $16,713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ADP. Bangor Savings Bank lifted its holdings in shares of Automatic Data Processing by 0.7% during the 2nd quarter. Bangor Savings Bank now owns 4,907 shares of the business services provider's stock worth $1,513,000 after acquiring an additional 34 shares during the period. Ameritas Advisory Services LLC boosted its stake in shares of Automatic Data Processing by 2.1% in the 2nd quarter. Ameritas Advisory Services LLC now owns 1,629 shares of the business services provider's stock valued at $502,000 after purchasing an additional 34 shares during the last quarter. Syntegra Private Wealth Group LLC raised its position in shares of Automatic Data Processing by 4.7% in the 1st quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider's stock worth $238,000 after acquiring an additional 35 shares in the last quarter. Transamerica Financial Advisors LLC increased its holdings in Automatic Data Processing by 1.0% in the first quarter. Transamerica Financial Advisors LLC now owns 3,371 shares of the business services provider's stock worth $1,030,000 after purchasing an additional 35 shares in the last quarter. Finally, Ashton Thomas Securities LLC lifted its position in shares of Automatic Data Processing by 4.1% during the 1st quarter. Ashton Thomas Securities LLC now owns 883 shares of the business services provider's stock valued at $270,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 80.03% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ADP shares. Mizuho upped their target price on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a report on Friday, June 13th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Automatic Data Processing in a report on Saturday, September 27th. BMO Capital Markets upgraded Automatic Data Processing to a "hold" rating and set a $340.00 price target for the company in a research report on Thursday, July 10th. Stifel Nicolaus upped their price objective on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. Finally, UBS Group lowered their price objective on shares of Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating for the company in a report on Wednesday, September 17th. Three research 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, the stock currently has a consensus rating of "Hold" and an average price target of $316.70.

Automatic Data Processing Stock Up 0.5%

Shares of NASDAQ:ADP opened at $291.31 on Monday. 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 firm has a market capitalization of $118.01 billion, a P/E ratio of 29.19, a P/E/G ratio of 2.67 and a beta of 0.82. The stock has a 50 day moving average price of $299.08 and a 200-day moving average price of $303.44. Automatic Data Processing, Inc. has a 52-week low of $272.62 and a 52-week high of $329.93.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same period in the prior year, the firm earned $2.09 EPS. The company's revenue 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. As a group, equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were issued a $1.54 dividend. This represents a $6.16 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, September 12th. Automatic Data Processing's payout ratio is 61.72%.

Insider Buying and Selling at Automatic Data Processing

In other news, VP Michael A. Bonarti sold 8,728 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the transaction, the vice president directly owned 80,531 shares of the company's stock, valued at $24,032,866.33. This represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP David Foskett sold 1,373 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $407,190.61. Following the transaction, the vice president owned 11,781 shares in the company, valued at $3,493,891.17. This represents a 10.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock worth $15,632,410 in the last 90 days. Insiders own 0.20% of the company's stock.

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.

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