Charles Schwab Trust Co Purchases 100 Shares of Automatic Data Processing, Inc. $ADP

Charles Schwab Trust Co grew its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 6.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,745 shares of the business services provider’s stock after purchasing an additional 100 shares during the period. Charles Schwab Trust Co’s holdings in Automatic Data Processing were worth $538,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ADP. Activest Wealth Management raised its position in shares of Automatic Data Processing by 2,600.0% during the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock valued at $25,000 after buying an additional 78 shares in the last quarter. Clarity Asset Management Inc. acquired a new stake in shares of Automatic Data Processing in the first quarter valued at about $29,000. von Borstel & Associates Inc. purchased a new position in Automatic Data Processing during the first quarter worth about $30,000. Y.D. More Investments Ltd acquired a new position in shares of Automatic Data Processing in the first quarter valued at approximately $35,000. Finally, Abound Wealth Management grew its holdings in Automatic Data Processing by 58.1% during the 1st quarter. Abound Wealth Management now owns 117 shares of the business services provider’s stock worth $36,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of NASDAQ ADP opened at $291.54 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $118.09 billion, a price-to-earnings ratio of 29.21, a P/E/G ratio of 2.67 and a beta of 0.82. Automatic Data Processing, Inc. has a one year low of $272.18 and a one year high of $329.93. The stock’s fifty day moving average price is $300.36 and its two-hundred day moving average price is $303.50.

Automatic Data Processing (NASDAQ:ADP) last posted 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. The business had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, equities analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be issued a $1.54 dividend. The ex-dividend date is Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a yield of 2.1%. Automatic Data Processing’s dividend payout ratio is presently 61.72%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ADP shares. BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 price objective on the stock in a report on Thursday, July 10th. Mizuho increased their price objective on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an “outperform” rating in a report on Friday, June 13th. Royal Bank Of Canada restated a “sector perform” rating and issued a $315.00 price target on shares of Automatic Data Processing in a report on Thursday, June 5th. Stifel Nicolaus lifted their price objective 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. Finally, Morgan Stanley boosted 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. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $316.70.

Insider Activity at Automatic Data Processing

In related news, VP David Foskett sold 1,373 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 $407,190.61. Following the sale, the vice president directly owned 11,781 shares in the company, valued at $3,493,891.17. This trade represents a 10.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher D’ambrosio sold 597 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total transaction of $177,249.30. Following the completion of the transaction, the vice president directly owned 10,541 shares of the company’s stock, valued at approximately $3,129,622.90. This represents a 5.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock worth $15,632,410 over the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

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.