Curio Wealth LLC Grows Stake in Automatic Data Processing, Inc. $ADP

Curio Wealth LLC grew its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 40,900.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 410 shares of the business services provider’s stock after buying an additional 409 shares during the quarter. Curio Wealth LLC’s holdings in Automatic Data Processing were worth $126,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management lifted its holdings in Automatic Data Processing by 2,600.0% in the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock worth $25,000 after buying an additional 78 shares during the period. Mid American Wealth Advisory Group Inc. purchased a new stake in Automatic Data Processing in the 2nd quarter worth approximately $26,000. Harbor Asset Planning Inc. purchased a new stake in Automatic Data Processing in the 2nd quarter worth approximately $26,000. Clarity Asset Management Inc. purchased a new stake in Automatic Data Processing in the 1st quarter worth approximately $29,000. Finally, von Borstel & Associates Inc. purchased a new stake in Automatic Data Processing in the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ADP. Citigroup began coverage on Automatic Data Processing in a research report on Thursday. They issued a “neutral” rating and a $303.00 target price for the company. BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 target price for the company in a research report on Thursday, July 10th. Dbs Bank raised Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Wells Fargo & Company began coverage on Automatic Data Processing in a research report on Wednesday. They issued an “underweight” rating and a $288.00 target price for the company. Finally, Stifel Nicolaus increased their target price on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $313.17.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Don Mcguire sold 13,599 shares of Automatic Data Processing stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $4,033,055.43. Following the completion of the sale, the vice president owned 17,684 shares of the company’s stock, valued at approximately $5,244,543.88. This trade represents a 43.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph Desilva sold 4,614 shares of Automatic Data Processing stock in a transaction on 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 sale, the vice president directly owned 17,536 shares of the company’s stock, valued at approximately $5,200,651.52. The trade was a 20.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,516 shares of company stock worth $15,632,410. 0.20% of the stock is owned by corporate insiders.

Automatic Data Processing Stock Down 0.2%

ADP stock opened at $280.94 on Friday. Automatic Data Processing, Inc. has a twelve month low of $272.62 and a twelve month high of $329.93. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The firm has a market cap of $113.81 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 2.58 and a beta of 0.82. The business has a 50 day moving average of $293.36 and a 200 day moving average of $302.04.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $5.05 billion. During the same quarter last year, the company earned $2.09 EPS. The firm’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. On average, research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were issued a $1.54 dividend. The ex-dividend date of this dividend 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 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.