Schnieders Capital Management LLC Buys 225 Shares of Automatic Data Processing, Inc. $ADP

Schnieders Capital Management LLC raised its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 21.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,259 shares of the business services provider’s stock after buying an additional 225 shares during the period. Schnieders Capital Management LLC’s holdings in Automatic Data Processing were worth $388,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Evermay Wealth Management LLC lifted its stake in shares of Automatic Data Processing by 1.3% in the second quarter. Evermay Wealth Management LLC now owns 2,800 shares of the business services provider’s stock worth $867,000 after acquiring an additional 37 shares during the period. Accretive Wealth Partners LLC increased its position in Automatic Data Processing by 0.6% during the 2nd quarter. Accretive Wealth Partners LLC now owns 8,509 shares of the business services provider’s stock valued at $2,624,000 after purchasing an additional 47 shares during the period. Stephens Inc. AR raised its holdings in Automatic Data Processing by 2.7% during the 2nd quarter. Stephens Inc. AR now owns 28,013 shares of the business services provider’s stock worth $8,700,000 after purchasing an additional 724 shares during the last quarter. Forvis Mazars Wealth Advisors LLC lifted its position in shares of Automatic Data Processing by 1.1% in the 2nd quarter. Forvis Mazars Wealth Advisors LLC now owns 3,709 shares of the business services provider’s stock worth $1,144,000 after purchasing an additional 40 shares during the period. Finally, First Bancorp Inc ME acquired a new position in shares of Automatic Data Processing in the 2nd quarter worth approximately $330,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Activity

In other news, VP Michael A. Bonarti sold 8,728 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the completion of the sale, the vice president directly owned 80,531 shares of the company’s stock, valued at $24,032,866.33. The trade was a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Joseph Desilva sold 4,614 shares of the company’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 $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 represents a 20.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,516 shares of company stock valued at $15,632,410. 0.20% of the stock is currently owned by insiders.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock opened at $283.03 on Tuesday. The business has a 50-day simple moving average of $294.91 and a 200 day simple moving average of $302.26. Automatic Data Processing, Inc. has a one year low of $272.62 and a one year high of $329.93. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $114.65 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 2.58 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, topping 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%.The company’s quarterly revenue was up 6.3% on a year-over-year basis. 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, research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share 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. Shareholders of record on Friday, September 12th were paid a $1.54 dividend. This represents a $6.16 dividend on an annualized basis 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 61.72%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ADP. BMO Capital Markets raised shares of Automatic Data Processing to a “hold” rating and set a $340.00 target price for the company in a research note on Thursday, July 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. Morgan Stanley lifted 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. UBS Group cut their target price 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, Stifel Nicolaus raised their target price on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Automatic Data Processing has a consensus rating of “Hold” and a consensus target price of $316.70.

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.