Sequoia Financial Advisors LLC Grows Stake in Automatic Data Processing, Inc. $ADP

Sequoia Financial Advisors LLC boosted its position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 17.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,949 shares of the business services provider's stock after purchasing an additional 1,799 shares during the period. Sequoia Financial Advisors LLC's holdings in Automatic Data Processing were worth $3,685,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ADP. Brighton Jones LLC increased its stake in Automatic Data Processing by 92.1% in the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider's stock valued at $2,935,000 after purchasing an additional 4,808 shares in the last quarter. Bison Wealth LLC grew its holdings in Automatic Data Processing by 22.8% during the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider's stock valued at $1,073,000 after buying an additional 681 shares during the last quarter. GAMMA Investing LLC grew its holdings in Automatic Data Processing by 13.8% during the 1st quarter. GAMMA Investing LLC now owns 9,495 shares of the business services provider's stock valued at $2,901,000 after buying an additional 1,148 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Automatic Data Processing by 8.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 250,836 shares of the business services provider's stock valued at $76,638,000 after buying an additional 20,467 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Automatic Data Processing by 33.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 6,407 shares of the business services provider's stock valued at $1,958,000 after buying an additional 1,606 shares during the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Price Performance

Shares of Automatic Data Processing stock opened at $285.92 on Wednesday. Automatic Data Processing, Inc. has a twelve month low of $272.62 and a twelve month high of $329.93. The stock has a market capitalization of $115.82 billion, a P/E ratio of 28.65, a PEG ratio of 2.60 and a beta of 0.82. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The business's fifty day moving average price is $296.63 and its 200 day moving average price is $302.82.

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

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were given a $1.54 dividend. 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 61.72%.

Insider Buying and Selling

In other Automatic Data Processing news, VP Don Mcguire sold 13,599 shares of the firm's stock in a transaction dated 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 $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 through this hyperlink. Also, VP Michael A. Bonarti sold 8,728 shares of the firm's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total value of $2,604,697.04. Following the completion of the transaction, the vice president directly owned 80,531 shares in the company, valued at $24,032,866.33. This trade represents a 9.78% 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 valued at $15,632,410 over the last ninety days. Insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ADP shares. Dbs Bank upgraded Automatic Data Processing to a "hold" rating in a report on Thursday, August 21st. UBS Group lowered their target price on Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating on the stock in a report on Wednesday, September 17th. BMO Capital Markets upgraded Automatic Data Processing to a "hold" rating and set a $340.00 target price on the stock in a report on Thursday, July 10th. 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 report on Thursday, July 31st. Finally, Stifel Nicolaus raised their price objective on Automatic Data Processing from $305.00 to $318.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $316.70.

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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