Strategic Financial Concepts LLC Buys Shares of 895 Automatic Data Processing, Inc. $ADP

Strategic Financial Concepts LLC bought a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 895 shares of the business services provider’s stock, valued at approximately $276,000.

A number of other institutional investors have also modified their holdings of the company. GHP Investment Advisors Inc. lifted its position in Automatic Data Processing by 0.5% during the second quarter. GHP Investment Advisors Inc. now owns 30,652 shares of the business services provider’s stock valued at $9,453,000 after acquiring an additional 161 shares during the last quarter. Plato Investment Management Ltd increased its position in shares of Automatic Data Processing by 0.3% during the second quarter. Plato Investment Management Ltd now owns 24,903 shares of the business services provider’s stock worth $7,652,000 after purchasing an additional 86 shares in the last quarter. Longbow Finance SA purchased a new stake in shares of Automatic Data Processing during the 2nd quarter valued at $11,463,000. AlphaStar Capital Management LLC acquired a new stake in shares of Automatic Data Processing in the 2nd quarter worth $3,782,000. Finally, Haven Private LLC grew its stake in Automatic Data Processing by 9.8% during the 2nd quarter. Haven Private LLC now owns 2,415 shares of the business services provider’s stock worth $745,000 after buying an additional 216 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Automatic Data Processing Trading Down 0.5%

Automatic Data Processing stock opened at $260.30 on Monday. Automatic Data Processing, Inc. has a 52 week low of $258.19 and a 52 week high of $329.93. The stock has a 50-day moving average price of $289.62 and a 200 day moving average price of $301.32. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $105.44 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 2.39 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.05. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The company had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same period last year, the firm posted $2.33 EPS. Automatic Data Processing’s revenue for the quarter was up 7.1% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Sell-side analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS 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 given a dividend of $1.54 per share. The ex-dividend date was Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a yield of 2.4%. Automatic Data Processing’s payout ratio is currently 60.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ADP shares. Morgan Stanley increased their price target on 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. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Citigroup started coverage on shares of Automatic Data Processing in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 target price for the company. JPMorgan Chase & Co. cut their price target on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company decreased their price target on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a report on Thursday. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $312.67.

Insider Buying and Selling

In other news, VP Joseph Desilva sold 4,614 shares of the business’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 $1,368,373.98. Following the completion of the transaction, the vice president owned 17,536 shares of the company’s stock, valued at $5,200,651.52. The trade was a 20.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Christopher D’ambrosio sold 597 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total value of $177,249.30. Following the completion of the sale, the vice president owned 10,541 shares in the company, valued at $3,129,622.90. The trade was a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 52,516 shares of company stock valued at $15,632,410 in the last 90 days. 0.20% of the stock is currently owned by insiders.

Automatic Data Processing 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.