10,155 Shares in Automatic Data Processing, Inc. $ADP Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC bought a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 10,155 shares of the business services provider’s stock, valued at approximately $2,274,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Imprint Wealth LLC acquired a new position in shares of Automatic Data Processing during the third quarter valued at about $25,000. Cornerstone Financial Management LLC bought a new stake in shares of Automatic Data Processing in the fourth quarter valued at about $26,000. Bard Associates Inc. acquired a new stake in Automatic Data Processing during the fourth quarter worth about $28,000. Prosperity Bancshares Inc acquired a new stake in Automatic Data Processing during the fourth quarter worth about $33,000. Finally, High Point Wealth Management LLC bought a new position in Automatic Data Processing during the fourth quarter valued at about $34,000. 80.03% of the stock is owned by institutional investors.

Insider Activity

In other news, VP David Kwon sold 2,414 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $265.62, for a total value of $641,206.68. Following the completion of the transaction, the vice president directly owned 9,660 shares of the company’s stock, valued at approximately $2,565,889.20. This represents a 19.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ADP shares. Robert W. Baird cut their price target on Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. Citigroup lifted their price objective on Automatic Data Processing from $230.00 to $287.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Jefferies Financial Group lowered their price objective on Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Argus cut their target price on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Finally, BMO Capital Markets upped their target price on Automatic Data Processing from $248.00 to $305.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and an average price target of $273.50.

Automatic Data Processing Price Performance

Shares of Automatic Data Processing stock opened at $272.96 on Friday. The firm has a market cap of $108.44 billion, a P/E ratio of 24.95 and a beta of 0.81. The firm’s 50-day simple moving average is $245.08 and its 200-day simple moving average is $225.50. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $310.08. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.05 and a current ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, July 29th. The business services provider reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.05. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.44 billion. Automatic Data Processing had a net margin of 20.11% and a return on equity of 71.34%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.26 earnings per share. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. As a group, research analysts expect that Automatic Data Processing, Inc. will post 12.26 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, September 11th. Automatic Data Processing’s dividend payout ratio is currently 62.16%.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.