Nova Wealth Management Inc. Acquires New Shares in Automatic Data Processing, Inc. $ADP

Nova Wealth Management Inc. acquired a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 147 shares of the business services provider’s stock, valued at approximately $45,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in ADP. Strs Ohio bought a new stake in shares of Automatic Data Processing in the 1st quarter valued at about $28,100,000. Jacobi Capital Management LLC boosted its stake in Automatic Data Processing by 4.9% in the 1st quarter. Jacobi Capital Management LLC now owns 6,200 shares of the business services provider’s stock worth $1,894,000 after purchasing an additional 292 shares in the last quarter. Carderock Capital Management Inc. boosted its stake in Automatic Data Processing by 0.8% in the 1st quarter. Carderock Capital Management Inc. now owns 31,630 shares of the business services provider’s stock worth $9,664,000 after purchasing an additional 256 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Automatic Data Processing by 5.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 12,034 shares of the business services provider’s stock worth $3,677,000 after purchasing an additional 574 shares in the last quarter. Finally, Focus Partners Wealth raised its position in Automatic Data Processing by 3.8% during the 1st quarter. Focus Partners Wealth now owns 123,682 shares of the business services provider’s stock worth $37,765,000 after buying an additional 4,529 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Automatic Data Processing Stock Down 1.5%

Shares of ADP opened at $293.50 on Friday. The firm has a market cap of $118.88 billion, a P/E ratio of 29.41, a price-to-earnings-growth ratio of 2.73 and a beta of 0.82. Automatic Data Processing, Inc. has a 12-month low of $272.18 and a 12-month high of $329.93. The company’s 50-day moving average price is $303.00 and its 200 day moving average price is $304.67. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.03. The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. Automatic Data Processing’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, sell-side analysts forecast 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 will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be issued a $1.54 dividend. This represents a $6.16 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, September 12th. Automatic Data Processing’s payout ratio is 61.72%.

Analysts Set New Price Targets

A number of research firms have issued reports on ADP. Royal Bank Of Canada reissued a “sector perform” rating and set a $315.00 price target on shares of Automatic Data Processing in a research report on Thursday, June 5th. 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 company a “hold” rating in a research note on Thursday, July 31st. TD Securities lifted their target price on shares of Automatic Data Processing from $298.00 to $321.00 and gave the stock a “hold” rating in a research note on Wednesday, May 21st. Finally, Morgan Stanley lifted 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. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $317.00.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Don Mcguire sold 13,599 shares of the business’s stock in a transaction dated 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 sale, the vice president directly owned 17,684 shares in the company, valued at $5,244,543.88. This represents a 43.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher D’ambrosio sold 597 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total transaction of $177,249.30. Following the sale, the vice president owned 10,541 shares in the company, valued at $3,129,622.90. This trade represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock worth $15,632,410 in the last 90 days. Insiders own 0.21% of the company’s stock.

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.