Impact Partnership Wealth LLC Takes $384,000 Position in Automatic Data Processing, Inc. $ADP

Impact Partnership Wealth LLC purchased a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,245 shares of the business services provider’s stock, valued at approximately $384,000.

A number of other large investors have also made changes to their positions in the stock. Amalgamated Bank increased its holdings in shares of Automatic Data Processing by 2.1% in the 2nd quarter. Amalgamated Bank now owns 95,571 shares of the business services provider’s stock valued at $29,474,000 after purchasing an additional 1,967 shares in the last quarter. Savvy Advisors Inc. increased its holdings in shares of Automatic Data Processing by 41.3% in the 2nd quarter. Savvy Advisors Inc. now owns 4,323 shares of the business services provider’s stock valued at $1,333,000 after purchasing an additional 1,264 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Automatic Data Processing by 61.0% in the 2nd quarter. Assetmark Inc. now owns 20,465 shares of the business services provider’s stock valued at $6,311,000 after purchasing an additional 7,751 shares in the last quarter. HBK Sorce Advisory LLC increased its holdings in shares of Automatic Data Processing by 48.6% in the 2nd quarter. HBK Sorce Advisory LLC now owns 5,538 shares of the business services provider’s stock valued at $1,708,000 after purchasing an additional 1,811 shares in the last quarter. Finally, Premier Path Wealth Partners LLC increased its holdings in shares of Automatic Data Processing by 10.7% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 3,771 shares of the business services provider’s stock valued at $1,163,000 after purchasing an additional 364 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Up 0.1%

Shares of NASDAQ ADP opened at $261.53 on Friday. Automatic Data Processing, Inc. has a 12-month low of $260.22 and a 12-month high of $329.93. The company has a market capitalization of $105.94 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 2.39 and a beta of 0.82. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 1.05. The firm’s 50-day moving average is $290.57 and its two-hundred day moving average is $301.53.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.05. The business had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.14 billion. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.33 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were given a dividend of $1.54 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $6.16 annualized dividend and a yield of 2.4%. Automatic Data Processing’s dividend payout ratio is 60.81%.

Insider Activity

In related news, VP David Foskett sold 1,373 shares of the company’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 $407,190.61. Following the completion of the transaction, the vice president owned 11,781 shares of the company’s stock, valued at approximately $3,493,891.17. This represents a 10.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Maria Black sold 23,605 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the sale, the chief executive officer owned 76,161 shares of the company’s stock, valued at approximately $22,720,349.52. This represents a 23.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 52,516 shares of company stock valued at $15,632,410 in the last ninety days. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ADP shares. 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 report on Thursday, July 31st. Wells Fargo & Company dropped their target price on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a report on Thursday. Citigroup started coverage on shares of Automatic Data Processing in a report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price target on the stock. Stifel Nicolaus upped their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a report on Thursday, July 31st. Finally, Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $310.54.

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.