MGO One Seven LLC Grows Stock Position in Automatic Data Processing, Inc. $ADP

MGO One Seven LLC boosted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 18.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,135 shares of the business services provider’s stock after buying an additional 2,557 shares during the period. MGO One Seven LLC’s holdings in Automatic Data Processing were worth $4,736,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Harbor Asset Planning Inc. acquired a new stake in shares of Automatic Data Processing in the second quarter worth approximately $26,000. Mid American Wealth Advisory Group Inc. acquired a new position in Automatic Data Processing during the second quarter worth approximately $26,000. Howard Hughes Medical Institute purchased a new position in Automatic Data Processing during the second quarter worth approximately $27,000. Solstein Capital LLC purchased a new position in Automatic Data Processing during the second quarter worth approximately $28,000. Finally, Westside Investment Management Inc. boosted its holdings in shares of Automatic Data Processing by 80.0% in the 2nd quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on ADP shares. Jefferies Financial Group restated an “underperform” rating and set a $230.00 price objective (down from $245.00) on shares of Automatic Data Processing in a report on Tuesday, December 16th. JPMorgan Chase & Co. lowered their price target on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. Citigroup assumed coverage on Automatic Data Processing in a research note on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price target for the company. UBS Group reduced their price objective 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. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Automatic Data Processing in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $306.42.

Automatic Data Processing Stock Down 1.2%

Shares of NASDAQ ADP opened at $262.80 on Tuesday. The stock has a fifty day moving average price of $257.71 and a 200 day moving average price of $282.54. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a 12-month low of $247.18 and a 12-month high of $329.93. The company has a market cap of $106.29 billion, a P/E ratio of 25.94 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter in the previous year, the firm posted $2.33 earnings per share. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Friday, December 12th were issued a $1.70 dividend. The ex-dividend date was Friday, December 12th. This represents a $6.80 dividend on an annualized basis and a yield of 2.6%. This is a boost from Automatic Data Processing’s previous quarterly dividend of $1.54. Automatic Data Processing’s dividend payout ratio (DPR) is currently 67.13%.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP David Kwon sold 900 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $260.00, for a total value of $234,000.00. Following the completion of the sale, the vice president owned 11,993 shares of the company’s stock, valued at $3,118,180. This trade represents a 6.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

About Automatic Data Processing

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.