Nvest Financial LLC Purchases 1,004 Shares of Automatic Data Processing, Inc. $ADP

Nvest Financial LLC grew its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 20.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,816 shares of the business services provider’s stock after buying an additional 1,004 shares during the period. Nvest Financial LLC’s holdings in Automatic Data Processing were worth $1,794,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its position in Automatic Data Processing by 2,600.0% during the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock worth $25,000 after buying an additional 78 shares during the period. Clarity Asset Management Inc. bought a new position in Automatic Data Processing during the 1st quarter worth $29,000. von Borstel & Associates Inc. bought a new position in Automatic Data Processing during the 1st quarter worth $30,000. Y.D. More Investments Ltd bought a new position in Automatic Data Processing during the 1st quarter worth $35,000. Finally, Iron Horse Wealth Management LLC increased its position in Automatic Data Processing by 72.0% during the 1st quarter. Iron Horse Wealth Management LLC now owns 129 shares of the business services provider’s stock worth $39,000 after buying an additional 54 shares during the period. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $284.21 on Thursday. The stock’s 50-day simple moving average is $296.28 and its 200 day simple moving average is $302.69. The firm has a market capitalization of $115.13 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 2.62 and a beta of 0.82. 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 twelve month low of $272.62 and a twelve 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 for the quarter, beating the consensus estimate of $2.23 by $0.03. The business 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%.Automatic Data Processing’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $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 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were paid a $1.54 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $6.16 annualized dividend and a yield of 2.2%. Automatic Data Processing’s dividend payout ratio (DPR) is 61.72%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Morgan Stanley increased their price objective on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Dbs Bank raised Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. UBS Group reduced their target price on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a report 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 report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $316.70.

Insiders Place Their Bets

In related news, VP Don Mcguire sold 13,599 shares of the firm’s stock in a transaction dated 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 sale, the vice president directly owned 17,684 shares of the company’s stock, valued at $5,244,543.88. This trade represents a 43.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Joseph Desilva sold 4,614 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,516 shares of company stock valued at $15,632,410 over the last ninety days. 0.20% of the stock is owned by insiders.

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.