Triad Wealth Partners LLC Buys New Shares in Automatic Data Processing, Inc. $ADP

Triad Wealth Partners LLC purchased a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the second quarter, HoldingsChannel.com reports. The firm purchased 741 shares of the business services provider’s stock, valued at approximately $229,000.

Several other hedge funds have also recently made changes to their positions in ADP. Brighton Jones LLC grew its stake in Automatic Data Processing by 92.1% during the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock worth $2,935,000 after purchasing an additional 4,808 shares during the period. Bison Wealth LLC boosted its holdings in shares of Automatic Data Processing by 22.8% during the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock worth $1,073,000 after buying an additional 681 shares in the last quarter. Naples Global Advisors LLC grew its position in shares of Automatic Data Processing by 27.6% during the 1st quarter. Naples Global Advisors LLC now owns 4,503 shares of the business services provider’s stock worth $1,381,000 after buying an additional 973 shares during the period. Lake Street Private Wealth LLC increased its stake in shares of Automatic Data Processing by 15.8% in the 1st quarter. Lake Street Private Wealth LLC now owns 1,300 shares of the business services provider’s stock valued at $397,000 after acquiring an additional 177 shares in the last quarter. Finally, Annex Advisory Services LLC increased its stake in shares of Automatic Data Processing by 3.0% in the 1st quarter. Annex Advisory Services LLC now owns 3,064 shares of the business services provider’s stock valued at $936,000 after acquiring an additional 90 shares in the last quarter. 80.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, VP Joseph Desilva sold 4,614 shares of Automatic Data Processing stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $1,368,373.98. Following the sale, the vice president directly owned 17,536 shares in the company, valued at approximately $5,200,651.52. This trade represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David Foskett sold 1,373 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $407,190.61. Following the completion of the transaction, the vice president directly owned 11,781 shares in the company, valued at $3,493,891.17. This trade represents a 10.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,516 shares of company stock worth $15,632,410 in the last ninety days. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on ADP shares. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a research note on Saturday, September 27th. UBS Group cut their price objective on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. Mizuho boosted their target price on Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a research report on Friday, June 13th. Dbs Bank raised Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Finally, BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 price objective for the company in a research note 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $316.70.

Automatic Data Processing Price Performance

ADP stock opened at $291.31 on Friday. 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 business has a 50-day simple moving average of $299.08 and a two-hundred day simple moving average of $303.37. The company has a market capitalization of $118.01 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 2.65 and a beta of 0.82. Automatic Data Processing, Inc. has a 52-week low of $272.62 and a 52-week high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter last year, the company earned $2.09 earnings per share. The company’s revenue for the quarter 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. Research analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

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

About Automatic Data Processing

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.