SOA Wealth Advisors LLC. Has $99,000 Position in Automatic Data Processing, Inc. $ADP

SOA Wealth Advisors LLC. lessened its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 12.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 320 shares of the business services provider’s stock after selling 46 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Automatic Data Processing were worth $99,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Nuveen LLC bought a new position in shares of Automatic Data Processing in the first quarter valued at approximately $661,771,000. Mackenzie Financial Corp boosted its stake in Automatic Data Processing by 128.1% during the first quarter. Mackenzie Financial Corp now owns 1,585,704 shares of the business services provider’s stock worth $484,480,000 after buying an additional 890,440 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Automatic Data Processing by 15.7% during the first quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider’s stock worth $1,348,805,000 after buying an additional 601,400 shares in the last quarter. SG Americas Securities LLC boosted its stake in Automatic Data Processing by 811.7% during the first quarter. SG Americas Securities LLC now owns 637,601 shares of the business services provider’s stock worth $194,806,000 after buying an additional 567,664 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Automatic Data Processing by 22.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider’s stock worth $934,647,000 after buying an additional 564,187 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP David Foskett sold 1,373 shares of Automatic Data Processing 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 transaction, the vice president owned 11,781 shares in the company, valued at $3,493,891.17. The trade was a 10.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Maria Black sold 23,605 shares of the business’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 sale, the chief executive officer owned 76,161 shares in the company, valued at approximately $22,720,349.52. This trade represents a 23.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,516 shares of company stock valued at $15,632,410. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ADP shares. Mizuho boosted their target price on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a research note on Friday, June 13th. Dbs Bank raised Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $315.00 price target on shares of Automatic Data Processing in a research note on Thursday, June 5th. UBS Group lowered 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. Finally, Stifel Nicolaus increased their target price on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $316.70.

Automatic Data Processing Trading Down 0.6%

NASDAQ ADP opened at $289.87 on Friday. The stock has a 50 day moving average of $299.43 and a 200-day moving average of $303.40. Automatic Data Processing, Inc. has a 12 month low of $272.62 and a 12 month high of $329.93. The company has a market cap of $117.42 billion, a PE ratio of 29.05, a PEG ratio of 2.67 and a beta of 0.82. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.03. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The business had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter last year, the firm posted $2.09 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were paid 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 was Friday, September 12th. Automatic Data Processing’s payout ratio is 61.72%.

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.