Aspiriant LLC Buys 4,644 Shares of Automatic Data Processing, Inc. $ADP

Aspiriant LLC lifted its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 378.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,871 shares of the business services provider’s stock after acquiring an additional 4,644 shares during the period. Aspiriant LLC’s holdings in Automatic Data Processing were worth $1,811,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ADP. Nuveen LLC bought a new position in shares of Automatic Data Processing in the 1st quarter valued at approximately $661,771,000. Mackenzie Financial Corp raised its stake in shares of Automatic Data Processing by 128.1% in the 1st quarter. Mackenzie Financial Corp now owns 1,585,704 shares of the business services provider’s stock valued at $484,480,000 after acquiring an additional 890,440 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Automatic Data Processing by 15.7% in the 1st quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider’s stock valued at $1,348,805,000 after acquiring an additional 601,400 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Automatic Data Processing by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider’s stock valued at $934,647,000 after acquiring an additional 564,187 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Automatic Data Processing by 110.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 608,997 shares of the business services provider’s stock valued at $186,067,000 after acquiring an additional 319,132 shares in the last quarter. 80.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Automatic Data Processing

In other news, VP Michael A. Bonarti sold 8,728 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the sale, the vice president directly owned 80,531 shares in the company, valued at approximately $24,032,866.33. The trade was a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Joseph Desilva sold 4,614 shares of the company’s stock in a transaction on 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 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 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on ADP shares. Morgan Stanley lifted their price target 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. Stifel Nicolaus lifted their price target on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 price target on the stock in a research report on Thursday, July 10th. UBS Group dropped their price target on 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. Finally, Dbs Bank raised Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $316.70.

Automatic Data Processing Stock Performance

ADP opened at $281.27 on Friday. The stock has a market cap of $113.94 billion, a PE ratio of 28.18, a P/E/G ratio of 2.57 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, Inc. has a 1 year low of $272.62 and a 1 year high of $329.93. The stock’s 50 day simple moving average is $295.32 and its 200-day simple moving average is $302.34.

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 analysts’ consensus estimates of $2.23 by $0.03. The business had revenue of $5.13 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Sell-side analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were given a dividend of $1.54 per share. The ex-dividend date was Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.2%. Automatic Data Processing’s payout ratio is currently 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.