Automatic Data Processing, Inc. $ADP Shares Bought by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY boosted its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 21.4% during the second quarter, Holdings Channel.com reports. The fund owned 2,720 shares of the business services provider’s stock after purchasing an additional 480 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Automatic Data Processing were worth $839,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ADP. Bessemer Group Inc. increased its stake in shares of Automatic Data Processing by 1.4% during the second quarter. Bessemer Group Inc. now owns 232,742 shares of the business services provider’s stock worth $71,779,000 after purchasing an additional 3,155 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in Automatic Data Processing by 12.2% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 11,342 shares of the business services provider’s stock worth $3,513,000 after buying an additional 1,229 shares during the last quarter. Solstein Capital LLC acquired a new stake in Automatic Data Processing in the 2nd quarter worth about $28,000. Signature Wealth Management Group boosted its holdings in Automatic Data Processing by 2.3% in the 2nd quarter. Signature Wealth Management Group now owns 1,450 shares of the business services provider’s stock worth $447,000 after buying an additional 33 shares during the last quarter. Finally, Chilton Capital Management LLC boosted its holdings in Automatic Data Processing by 5.4% in the 2nd quarter. Chilton Capital Management LLC now owns 3,733 shares of the business services provider’s stock worth $1,151,000 after buying an additional 191 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ADP shares. Stifel Nicolaus lifted their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Citigroup started coverage on shares of Automatic Data Processing in a research report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price target on the stock. Morgan Stanley boosted their price objective on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Dbs Bank raised Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and an average price target of $313.17.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $280.53 on Tuesday. The firm’s 50 day moving average price is $292.92 and its 200-day moving average price is $302.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. Automatic Data Processing, Inc. has a one year low of $272.62 and a one year high of $329.93. The firm has a market cap of $113.64 billion, a P/E ratio of 28.11, a P/E/G ratio of 2.57 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.03. The company 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%.The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, equities research 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 declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were given a $1.54 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a yield of 2.2%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 61.72%.

Insider Buying and Selling

In other Automatic Data Processing news, VP Michael A. Bonarti sold 8,728 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total value of $2,604,697.04. Following the sale, the vice president owned 80,531 shares of the company’s stock, valued at $24,032,866.33. This trade represents a 9.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Joseph Desilva sold 4,614 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were 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 directly owned 17,536 shares in the company, valued at approximately $5,200,651.52. This trade represents a 20.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,516 shares of company stock worth $15,632,410 over the last ninety days. Company 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.