111 Capital Buys 4,079 Shares of Automatic Data Processing, Inc. $ADP

111 Capital boosted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 176.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,387 shares of the business services provider’s stock after acquiring an additional 4,079 shares during the period. 111 Capital’s holdings in Automatic Data Processing were worth $1,970,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. increased its stake in Automatic Data Processing by 179.4% during the 2nd quarter. QRG Capital Management Inc. now owns 94,054 shares of the business services provider’s stock worth $29,006,000 after acquiring an additional 60,394 shares during the period. Corundum Group Inc. increased its stake in shares of Automatic Data Processing by 70.9% in the 2nd quarter. Corundum Group Inc. now owns 3,348 shares of the business services provider’s stock valued at $1,033,000 after purchasing an additional 1,389 shares during the last quarter. Precedent Wealth Partners LLC increased its stake in shares of Automatic Data Processing by 11.8% in the 2nd quarter. Precedent Wealth Partners LLC now owns 6,809 shares of the business services provider’s stock valued at $2,100,000 after purchasing an additional 721 shares during the last quarter. Fairvoy Private Wealth LLC increased its stake in shares of Automatic Data Processing by 19.0% in the 2nd quarter. Fairvoy Private Wealth LLC now owns 828 shares of the business services provider’s stock valued at $255,000 after purchasing an additional 132 shares during the last quarter. Finally, Barrett & Company Inc. increased its stake in shares of Automatic Data Processing by 148.0% in the 2nd quarter. Barrett & Company Inc. now owns 248 shares of the business services provider’s stock valued at $76,000 after purchasing an additional 148 shares during the last quarter. Institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Automatic Data Processing in a research note on Saturday, September 27th. Mizuho lifted their price target on Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a research note on Friday, June 13th. BMO Capital Markets upgraded Automatic Data Processing to a “hold” rating and set a $340.00 price target on the stock in a research note on Thursday, July 10th. Finally, UBS Group decreased their price target on 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. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Automatic Data Processing presently has a consensus rating of “Hold” and an average target price of $316.70.

Insider Activity

In other Automatic Data Processing news, CEO Maria Black sold 23,605 shares of Automatic Data Processing stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the transaction, the chief executive officer directly owned 76,161 shares of the company’s stock, valued at approximately $22,720,349.52. The trade was a 23.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael A. Bonarti sold 8,728 shares of Automatic Data Processing stock in a transaction dated Tuesday, September 9th. The stock was 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 $24,032,866.33. The trade was a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 52,516 shares of company stock worth $15,632,410. 0.20% of the stock is owned by corporate insiders.

Automatic Data Processing Trading Up 0.5%

NASDAQ ADP opened at $291.31 on Friday. 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 twelve month low of $272.62 and a twelve month high of $329.93. The company has a market cap of $118.01 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 2.65 and a beta of 0.82. The business’s fifty day moving average is $299.08 and its 200 day moving average is $303.37.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.03. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The company had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter last year, the business posted $2.09 EPS. Automatic Data Processing’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. As a group, sell-side analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were issued a dividend of $1.54 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $6.16 annualized dividend and a yield of 2.1%. 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.