Roffman Miller Associates Inc. PA Has $54 Million Stock Holdings in Automatic Data Processing, Inc. $ADP

Roffman Miller Associates Inc. PA lifted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 175,087 shares of the business services provider’s stock after purchasing an additional 415 shares during the period. Automatic Data Processing comprises about 3.2% of Roffman Miller Associates Inc. PA’s investment portfolio, making the stock its 7th biggest holding. Roffman Miller Associates Inc. PA’s holdings in Automatic Data Processing were worth $53,997,000 at the end of the most recent reporting period.

Other 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% during 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 last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of Automatic Data Processing during the 2nd quarter valued at approximately $26,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Automatic Data Processing during the 2nd quarter valued at approximately $26,000. Solstein Capital LLC bought a new position in Automatic Data Processing during the second quarter worth $28,000. Finally, Westside Investment Management Inc. boosted its holdings in Automatic Data Processing by 80.0% in the second quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock worth $28,000 after purchasing an additional 40 shares during the period. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. UBS Group lowered their price objective on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research report on Wednesday, September 17th. Stifel Nicolaus increased their price objective on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Finally, JPMorgan Chase & Co. lowered their target price on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Automatic Data Processing presently has a consensus rating of “Hold” and a consensus target price of $312.67.

Automatic Data Processing Trading Down 1.2%

Shares of NASDAQ:ADP opened at $257.17 on Tuesday. 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 company’s 50-day moving average price is $288.68 and its 200 day moving average price is $301.07. The company has a market cap of $104.18 billion, a PE ratio of 25.39, a P/E/G ratio of 2.39 and a beta of 0.82. Automatic Data Processing, Inc. has a fifty-two week low of $255.16 and a fifty-two week high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.44 by $0.05. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The firm had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.14 billion. Automatic Data Processing’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.33 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Sell-side analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

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

Insider Activity

In other news, VP David Foskett sold 1,373 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $407,190.61. Following the transaction, the vice president directly owned 11,781 shares of the company’s stock, valued at approximately $3,493,891.17. This trade represents a 10.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Don Mcguire sold 13,599 shares of Automatic Data Processing 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 owned 17,684 shares in the company, valued at approximately $5,244,543.88. This represents a 43.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 52,516 shares of company stock worth $15,632,410 over the last ninety days. 0.20% of the stock is currently 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.