SGL Investment Advisors Inc. Invests $509,000 in Automatic Data Processing, Inc. $ADP

Key Points

• SGL Investment Advisors Inc. has invested approximately $509,000 in Automatic Data Processing, Inc. (NASDAQ:ADP) by purchasing 1,659 shares in the 2nd quarter.
• Recent ratings by analysts show that Automatic Data Processing has received multiple target price increases, with an average target price now at $316.70.
• The company also declared a quarterly dividend of $1.54 per share, resulting in an annual yield of 2.1% and a payout ratio of 61.72%.

SGL Investment Advisors Inc. purchased a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,659 shares of the business services provider's stock, valued at approximately $509,000.

Other hedge funds have also recently made changes to their positions in the company. Activest Wealth Management boosted its stake in shares of 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 purchasing an additional 78 shares in the last quarter. Clarity Asset Management Inc. bought a new position in shares of Automatic Data Processing during the 1st quarter valued at approximately $29,000. von Borstel & Associates Inc. purchased a new position in Automatic Data Processing during the first quarter valued at $30,000. Y.D. More Investments Ltd purchased a new stake in Automatic Data Processing during the 1st quarter valued at $35,000. Finally, Abound Wealth Management increased its holdings in Automatic Data Processing by 58.1% during 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. 80.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on ADP. Morgan Stanley increased their target price on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Mizuho upped their price target on Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. Dbs Bank raised shares of Automatic Data Processing to a "hold" rating in a research report on Thursday, August 21st. Weiss Ratings reiterated a "buy (b)" rating on shares of Automatic Data Processing in a research report on Saturday, September 27th. Finally, Stifel Nicolaus lifted their target price on Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. Three analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, Automatic Data Processing presently has an average rating of "Hold" and an average target price of $316.70.

Automatic Data Processing Trading Down 0.3%

Automatic Data Processing stock opened at $290.55 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. Automatic Data Processing, Inc. has a 12 month low of $272.62 and a 12 month high of $329.93. The company's fifty day simple moving average is $298.75 and its 200-day simple moving average is $303.41. The stock has a market cap of $117.70 billion, a P/E ratio of 29.11, a P/E/G ratio of 2.67 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, beating analysts' consensus estimates of $2.23 by $0.03. The business had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.Automatic Data Processing's revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, sell-side analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were issued 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 2.1%. Automatic Data Processing's dividend payout ratio (DPR) is currently 61.72%.

Insider Buying and Selling at Automatic Data Processing

In related news, VP David Foskett sold 1,373 shares of the stock in a transaction on 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 directly owned 11,781 shares of the company's stock, valued at $3,493,891.17. This represents a 10.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $2,604,697.04. Following the transaction, the vice president directly owned 80,531 shares in the company, valued at $24,032,866.33. The trade was a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,516 shares of company stock worth $15,632,410 in 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.

Want to see what other hedge funds are holding ADP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.