Security Financial Services INC. Has $444,000 Position in Automatic Data Processing, Inc. $ADP

Security Financial Services INC. grew its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 19.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,440 shares of the business services provider’s stock after purchasing an additional 237 shares during the period. Security Financial Services INC.’s holdings in Automatic Data Processing were worth $444,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of ADP. Foundations Investment Advisors LLC raised its holdings in Automatic Data Processing by 12.4% during the 2nd quarter. Foundations Investment Advisors LLC now owns 5,002 shares of the business services provider’s stock worth $1,543,000 after purchasing an additional 550 shares during the last quarter. Nixon Peabody Trust Co. raised its position in Automatic Data Processing by 3.1% in the 2nd quarter. Nixon Peabody Trust Co. now owns 7,207 shares of the business services provider’s stock valued at $2,223,000 after buying an additional 214 shares during the last quarter. Intrua Financial LLC boosted its holdings in Automatic Data Processing by 37.7% during the second quarter. Intrua Financial LLC now owns 2,012 shares of the business services provider’s stock worth $620,000 after purchasing an additional 551 shares during the last quarter. ABN Amro Investment Solutions acquired a new stake in shares of Automatic Data Processing in the second quarter valued at about $2,943,000. Finally, Candriam S.C.A. increased its holdings in Automatic Data Processing by 3.2% during the second quarter. Candriam S.C.A. now owns 202,602 shares of the business services provider’s stock worth $62,485,000 after buying an additional 6,321 shares during the last quarter. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Price Performance

ADP stock opened at $253.09 on Friday. The stock has a market capitalization of $102.36 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 2.39 and a beta of 0.86. Automatic Data Processing, Inc. has a 12-month low of $249.68 and a 12-month high of $329.93. The firm’s 50-day moving average price is $280.33 and its two-hundred day moving average price is $298.63. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62.

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

Automatic Data Processing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 12th will be given a $1.70 dividend. This is a boost from Automatic Data Processing’s previous quarterly dividend of $1.54. The ex-dividend date of this dividend is Friday, December 12th. This represents a $6.80 dividend on an annualized basis and a yield of 2.7%. Automatic Data Processing’s payout ratio is presently 60.81%.

Analyst Ratings Changes

ADP has been the subject of several research analyst reports. Wells Fargo & Company reduced 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, October 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Automatic Data Processing in a research report on Thursday. JPMorgan Chase & Co. cut their target price on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Morgan Stanley increased their price target on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Finally, Dbs Bank raised shares of 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, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Automatic Data Processing presently has an average rating of “Hold” and a consensus target price of $312.67.

Insider Buying and Selling

In other news, VP Joseph Desilva sold 4,614 shares of the stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Maria Black sold 23,605 shares of the firm’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 in the company, valued at approximately $22,720,349.52. The trade was a 23.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 52,516 shares of company stock valued at $15,632,410 in the last 90 days. 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.