Automatic Data Processing, Inc. $ADP Shares Acquired by Charter Oak Capital Management LLC

Charter Oak Capital Management LLC increased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 32.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,279 shares of the business services provider’s stock after acquiring an additional 314 shares during the period. Charter Oak Capital Management LLC’s holdings in Automatic Data Processing were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Carderock Capital Management Inc. increased its position in Automatic Data Processing by 1.1% in the second quarter. Carderock Capital Management Inc. now owns 31,969 shares of the business services provider’s stock worth $9,859,000 after buying an additional 339 shares during the period. Global Financial Private Client LLC increased its holdings in shares of Automatic Data Processing by 1.8% in the 2nd quarter. Global Financial Private Client LLC now owns 4,660 shares of the business services provider’s stock worth $1,437,000 after acquiring an additional 84 shares during the period. ARS Wealth Advisors Group LLC bought a new stake in Automatic Data Processing in the 2nd quarter valued at about $282,000. Contravisory Investment Management Inc. lifted its position in Automatic Data Processing by 6.9% in the 2nd quarter. Contravisory Investment Management Inc. now owns 25,902 shares of the business services provider’s stock valued at $7,988,000 after purchasing an additional 1,683 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. boosted its stake in Automatic Data Processing by 2,400.0% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 273,079 shares of the business services provider’s stock valued at $84,218,000 after purchasing an additional 262,156 shares during the period. 80.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ADP has been the topic of several analyst reports. Stifel Nicolaus raised their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. BMO Capital Markets upgraded Automatic Data Processing to a “hold” rating and set a $340.00 price target for the company in a research report on Thursday, July 10th. Dbs Bank raised Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. UBS Group lowered their price target on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Morgan Stanley upped their price objective on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $314.73.

Automatic Data Processing Stock Performance

Shares of NASDAQ ADP opened at $290.95 on Friday. The stock has a fifty day moving average price of $301.59 and a two-hundred day moving average price of $304.00. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $117.85 billion, a P/E ratio of 29.15, a PEG ratio of 2.64 and a beta of 0.82. Automatic Data Processing, Inc. has a 1 year low of $272.18 and a 1 year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.03. The company had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. 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 declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be issued a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, September 12th. Automatic Data Processing’s dividend payout ratio is presently 61.72%.

Insider Buying and Selling

In related news, VP Michael A. Bonarti sold 8,728 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the completion of the sale, the vice president directly owned 80,531 shares of the company’s stock, valued at $24,032,866.33. This represents a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher D’ambrosio sold 597 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total transaction of $177,249.30. Following the sale, the vice president owned 10,541 shares of the company’s stock, valued at $3,129,622.90. The trade was a 5.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock worth $15,632,410 in the last ninety days. Insiders own 0.21% of the company’s stock.

Automatic Data Processing 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.