REAP Financial Group LLC Purchases 58 Shares of Automatic Data Processing, Inc. $ADP

REAP Financial Group LLC raised its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 57.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159 shares of the business services provider’s stock after purchasing an additional 58 shares during the quarter. REAP Financial Group LLC’s holdings in Automatic Data Processing were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Activest Wealth Management lifted its position in Automatic Data Processing by 2,600.0% during the first 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 during the last quarter. Clarity Asset Management Inc. bought a new stake in Automatic Data Processing during the first quarter valued at approximately $29,000. von Borstel & Associates Inc. bought a new stake in Automatic Data Processing during the first quarter valued at approximately $30,000. Y.D. More Investments Ltd bought a new stake in Automatic Data Processing during the first quarter valued at approximately $35,000. Finally, Abound Wealth Management lifted its position 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 purchasing an additional 43 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on ADP. UBS Group decreased their price target on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a research note on Wednesday. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Stifel Nicolaus lifted their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Finally, Morgan Stanley lifted their price target 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. Three analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $316.70.

Insider Buying and Selling

In related news, VP Joseph Desilva sold 4,614 shares of Automatic Data Processing stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $1,368,373.98. Following the sale, the vice president owned 17,536 shares in the company, valued at $5,200,651.52. The trade was a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Don Mcguire sold 13,599 shares of Automatic Data Processing stock in a transaction on Wednesday, September 3rd. The shares were 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 in the company, valued at approximately $5,244,543.88. This trade represents a 43.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock valued at $15,632,410 over the last quarter. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Stock Down 0.8%

Shares of NASDAQ ADP opened at $290.70 on Thursday. 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 52 week low of $272.62 and a 52 week high of $329.93. The firm’s fifty day moving average is $298.04 and its 200 day moving average is $303.25. The company has a market cap of $117.76 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.68 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last issued 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 net margin of 19.84% and a return on equity of 72.84%. The company had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same period in the previous year, the firm earned $2.09 earnings per share. The firm’s revenue for the quarter 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 expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

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

About Automatic Data Processing

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.