Sagespring Wealth Partners LLC Acquires 905 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• Sagespring Wealth Partners LLC increased its holdings in Automatic Data Processing, Inc. (ADP) by 12.1%, acquiring 905 shares in the second quarter, bringing its total shares to 8,381 with a value of $2,585,000.
• Wall Street analysts have raised their target prices for ADP, with Morgan Stanley and Stifel Nicolaus setting targets of $311.00 and $318.00, respectively, while the average price target is $316.70.
• Automatic Data Processing announced a quarterly dividend of $1.54 per share, with a current annualized dividend yield of 2.2% and a payout ratio of 61.72%.

Sagespring Wealth Partners LLC increased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 12.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,381 shares of the business services provider's stock after buying an additional 905 shares during the quarter. Sagespring Wealth Partners LLC's holdings in Automatic Data Processing were worth $2,585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ADP. 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. bought a new position in Automatic Data Processing in the first quarter valued at about $29,000. von Borstel & Associates Inc. bought a new position in Automatic Data Processing in the first quarter valued at about $30,000. Y.D. More Investments Ltd bought a new position in Automatic Data Processing in the first quarter valued at about $35,000. Finally, Abound Wealth Management raised its position in 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 purchasing an additional 43 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ADP shares. Morgan Stanley increased 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. Stifel Nicolaus increased their target price on Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. UBS Group dropped their target price on Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating for the company in a research report on Wednesday, September 17th. Dbs Bank upgraded Automatic Data Processing to a "hold" rating in a research report on Thursday, August 21st. Finally, BMO Capital Markets upgraded 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. Three equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $316.70.

Automatic Data Processing Trading Up 0.6%

Shares of ADP stock opened at $285.92 on Wednesday. The stock has a market cap of $115.82 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 2.60 and a beta of 0.82. The stock has a 50-day moving average of $296.63 and a 200-day moving average of $302.82. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. Automatic Data Processing, Inc. has a 1-year low of $272.62 and a 1-year 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 EPS for the quarter, topping 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 business had revenue of $5.13 billion during the quarter, compared to analysts' expectations of $5.05 billion. During the same quarter last year, the firm posted $2.09 earnings per share. The firm's revenue 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, equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were paid a dividend of $1.54 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $6.16 annualized dividend and a yield of 2.2%. Automatic Data Processing's dividend payout ratio (DPR) is currently 61.72%.

Insider Buying and Selling at Automatic Data Processing

In related news, VP Don Mcguire sold 13,599 shares of the firm's 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 of the company's stock, valued at $5,244,543.88. This trade represents a 43.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Christopher D'ambrosio sold 597 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total value of $177,249.30. Following the sale, the vice president directly owned 10,541 shares of the company's stock, valued at $3,129,622.90. This represents a 5.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,516 shares of company stock valued at $15,632,410 over the last ninety days. Insiders own 0.20% of the company's stock.

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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