Automatic Data Processing, Inc. $ADP Position Raised by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 7.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 24,745 shares of the business services provider’s stock after acquiring an additional 1,636 shares during the period. Ritholtz Wealth Management’s holdings in Automatic Data Processing were worth $7,631,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ADP. AlphaCore Capital LLC bought a new position in Automatic Data Processing in the 1st quarter worth approximately $688,000. Golden State Wealth Management LLC raised its stake in Automatic Data Processing by 29.6% during the 1st quarter. Golden State Wealth Management LLC now owns 565 shares of the business services provider’s stock valued at $173,000 after acquiring an additional 129 shares in the last quarter. Advisory Alpha LLC boosted its position in Automatic Data Processing by 130.2% during the 1st quarter. Advisory Alpha LLC now owns 4,416 shares of the business services provider’s stock worth $1,349,000 after acquiring an additional 2,498 shares during the period. Meiji Yasuda Life Insurance Co grew its stake in shares of Automatic Data Processing by 4.4% in the first quarter. Meiji Yasuda Life Insurance Co now owns 32,478 shares of the business services provider’s stock worth $9,923,000 after purchasing an additional 1,375 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of Automatic Data Processing in the first quarter worth $39,906,000. 80.03% of the stock is currently owned by institutional investors.

Automatic Data Processing Stock Up 0.6%

ADP stock opened at $285.92 on Wednesday. Automatic Data Processing, Inc. has a 12 month low of $272.62 and a 12 month high of $329.93. The firm has a market cap of $115.82 billion, a PE ratio of 28.65, a P/E/G ratio of 2.60 and a beta of 0.82. The firm has a 50 day simple moving average of $296.63 and a 200 day simple moving average of $302.82. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (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 firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the previous year, the business posted $2.09 earnings per share. The firm’s quarterly 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. Equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were given a $1.54 dividend. The ex-dividend date was Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.2%. Automatic Data Processing’s dividend payout ratio (DPR) is 61.72%.

Wall Street Analyst Weigh In

ADP has been the topic of a number of recent analyst reports. BMO Capital Markets upgraded shares of Automatic Data Processing to a “hold” rating and set a $340.00 price objective on the stock in a research note on Thursday, July 10th. Morgan Stanley raised their target price on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Automatic Data Processing in a research note on Wednesday, October 8th. Stifel Nicolaus increased their price objective on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a report on Thursday, July 31st. Finally, Dbs Bank raised Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $316.70.

Insider Activity at Automatic Data Processing

In related news, VP Christopher D’ambrosio sold 597 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total transaction of $177,249.30. Following the transaction, the vice president directly owned 10,541 shares of the company’s stock, valued at approximately $3,129,622.90. The trade was a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael A. Bonarti sold 8,728 shares of Automatic Data Processing 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 transaction, the vice president directly owned 80,531 shares in the company, valued at approximately $24,032,866.33. This trade represents a 9.78% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,516 shares of company stock valued at $15,632,410. Corporate 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.