Arkadios Wealth Advisors Buys 2,359 Shares of Automatic Data Processing, Inc. $ADP

Arkadios Wealth Advisors boosted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 41.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,110 shares of the business services provider’s stock after purchasing an additional 2,359 shares during the quarter. Arkadios Wealth Advisors’ holdings in Automatic Data Processing were worth $2,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in ADP. Activest Wealth Management boosted its position in Automatic Data Processing by 2,600.0% during the first quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 78 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in Automatic Data Processing during the second quarter valued at about $26,000. Mid American Wealth Advisory Group Inc. bought a new stake in Automatic Data Processing during the second quarter valued at about $26,000. Solstein Capital LLC bought a new stake in Automatic Data Processing during the second quarter valued at about $28,000. Finally, Clarity Asset Management Inc. bought a new stake in Automatic Data Processing during the first quarter valued at about $29,000. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 0.1%

Shares of NASDAQ:ADP opened at $261.53 on Friday. Automatic Data Processing, Inc. has a 52-week low of $260.22 and a 52-week high of $329.93. The stock has a market cap of $105.94 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 2.39 and a beta of 0.82. 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 business has a 50-day moving average price of $290.57 and a 200-day moving average price of $301.53.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.05. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The firm had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period last year, the business posted $2.33 earnings per share. The company’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. Equities analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were paid a $1.54 dividend. This represents a $6.16 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, September 12th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 60.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ADP shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Automatic Data Processing in a research report on Wednesday, October 8th. Stifel Nicolaus increased their price target on Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. UBS Group decreased their price target on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. Citigroup began coverage on Automatic Data Processing in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price target for the company. Finally, JPMorgan Chase & Co. decreased their price target on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $310.54.

Insider Transactions at Automatic Data Processing

In other news, CEO Maria Black sold 23,605 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total value of $7,041,843.60. Following the completion of the transaction, the chief executive officer directly owned 76,161 shares in the company, valued at $22,720,349.52. This trade represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP David Foskett sold 1,373 shares of the firm’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 $407,190.61. Following the completion of the transaction, the vice president owned 11,781 shares of the company’s stock, valued at approximately $3,493,891.17. The trade was a 10.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 52,516 shares of company stock valued at $15,632,410. 0.20% of the stock is owned by company 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.