Automatic Data Processing, Inc. $ADP Shares Purchased by Pure Financial Advisors LLC

Pure Financial Advisors LLC increased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 6.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,020 shares of the business services provider’s stock after acquiring an additional 65 shares during the quarter. Pure Financial Advisors LLC’s holdings in Automatic Data Processing were worth $314,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 597 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total value 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. This represents a 5.36% 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 Joseph Desilva sold 4,614 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $1,368,373.98. Following the completion of the sale, the vice president directly owned 17,536 shares in the company, valued at $5,200,651.52. This trade represents a 20.83% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,516 shares of company stock valued at $15,632,410. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ADP has been the topic of a number of recent research reports. Morgan Stanley lifted their price objective on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of Automatic Data Processing in a research note on Saturday, September 27th. Mizuho lifted their price objective 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 shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Finally, BMO Capital Markets raised shares of Automatic Data Processing to a “hold” rating and set a $340.00 target price on the stock in a report on Thursday, July 10th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $316.70.

Automatic Data Processing Stock Up 0.5%

Shares of NASDAQ:ADP opened at $291.31 on Friday. The company has a market cap of $118.01 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 2.65 and a beta of 0.82. The firm’s 50-day simple moving average is $299.08 and its 200-day simple moving average is $303.37. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. Automatic Data Processing, Inc. has a fifty-two week low of $272.62 and a fifty-two week high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last released 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 firm had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were issued a $1.54 dividend. This represents a $6.16 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, September 12th. Automatic Data Processing’s dividend payout ratio is 61.72%.

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.