Accretive Wealth Partners LLC Acquires 47 Shares of Automatic Data Processing, Inc. $ADP

Accretive Wealth Partners LLC lifted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 8,509 shares of the business services provider’s stock after buying an additional 47 shares during the quarter. Accretive Wealth Partners LLC’s holdings in Automatic Data Processing were worth $2,624,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaCore Capital LLC bought a new position in shares of Automatic Data Processing during the 1st quarter valued at $688,000. Golden State Wealth Management LLC grew its holdings in shares of Automatic Data Processing by 29.6% during the 1st quarter. Golden State Wealth Management LLC now owns 565 shares of the business services provider’s stock valued at $173,000 after purchasing an additional 129 shares during the last quarter. Advisory Alpha LLC boosted its position in Automatic Data Processing by 130.2% during the 1st quarter. Advisory Alpha LLC now owns 4,416 shares of the business services provider’s stock valued at $1,349,000 after buying an additional 2,498 shares during the period. Meiji Yasuda Life Insurance Co boosted its position in Automatic Data Processing by 4.4% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 32,478 shares of the business services provider’s stock valued at $9,923,000 after buying an additional 1,375 shares during the period. Finally, MGO One Seven LLC boosted its position in Automatic Data Processing by 18.3% during the 2nd quarter. MGO One Seven LLC now owns 13,578 shares of the business services provider’s stock valued at $4,187,000 after buying an additional 2,105 shares during the period. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 0.4%

NASDAQ:ADP opened at $281.27 on Monday. The company has a 50-day moving average price of $295.32 and a 200-day moving average price of $302.28. Automatic Data Processing, Inc. has a 12 month low of $272.62 and a 12 month high of $329.93. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock has a market cap of $113.94 billion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 2.58 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping the consensus estimate of $2.23 by $0.03. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The firm had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same period last year, the company posted $2.09 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

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

Analyst Ratings Changes

ADP has been the subject of several analyst reports. UBS Group dropped their price target on shares of 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. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a research report on Wednesday, October 8th. Morgan Stanley increased their price target on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Finally, Stifel Nicolaus increased their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $316.70.

Insider Buying and Selling

In related news, VP Joseph Desilva sold 4,614 shares of the 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Don Mcguire sold 13,599 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $4,033,055.43. Following the completion of the transaction, the vice president owned 17,684 shares of the company’s stock, valued at approximately $5,244,543.88. The trade was a 43.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock worth $15,632,410 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

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.