Quent Capital LLC Acquires 96 Shares of Automatic Data Processing, Inc. $ADP

Quent Capital LLC lifted its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,886 shares of the business services provider’s stock after buying an additional 96 shares during the period. Quent Capital LLC’s holdings in Automatic Data Processing were worth $582,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ADP. Nuveen LLC acquired a new position in shares of Automatic Data Processing during the first quarter worth about $661,771,000. Mackenzie Financial Corp boosted its position in shares of 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 during the period. Ameriprise Financial Inc. boosted its position in shares of 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 during the period. SG Americas Securities LLC boosted its position in shares of 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 during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of 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 during the period. 80.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on ADP. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a research report on Saturday, September 27th. Mizuho increased their price target 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. Stifel Nicolaus increased their price target on Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research report on Thursday, July 31st. UBS Group reduced their price target on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research report on Wednesday, September 17th. Finally, BMO Capital Markets raised 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. Three equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $316.70.

Automatic Data Processing Price Performance

NASDAQ:ADP opened at $291.31 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock’s 50 day moving average price is $299.08 and its two-hundred day moving average price is $303.40. The firm has a market capitalization of $118.01 billion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 2.67 and a beta of 0.82. Automatic Data Processing, Inc. has a 12-month low of $272.62 and a 12-month 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.03. The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

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

Insider Activity at Automatic Data Processing

In other news, CEO Maria Black sold 23,605 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Don Mcguire sold 13,599 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $4,033,055.43. Following the transaction, the vice president owned 17,684 shares in the company, valued at approximately $5,244,543.88. This trade represents a 43.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,516 shares of company stock valued at $15,632,410 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

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.