Woodley Farra Manion Portfolio Management Inc. Has $41.04 Million Position in Automatic Data Processing, Inc. $ADP

Woodley Farra Manion Portfolio Management Inc. raised its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,411 shares of the business services provider’s stock after buying an additional 751 shares during the quarter. Automatic Data Processing accounts for 1.9% of Woodley Farra Manion Portfolio Management Inc.’s holdings, making the stock its 24th biggest holding. Woodley Farra Manion Portfolio Management Inc.’s holdings in Automatic Data Processing were worth $41,039,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MJP Associates Inc. ADV boosted its position in shares of Automatic Data Processing by 3.0% in the second quarter. MJP Associates Inc. ADV now owns 1,839 shares of the business services provider’s stock valued at $567,000 after acquiring an additional 54 shares during the period. Cetera Investment Advisers raised its stake in Automatic Data Processing by 1.6% in the 2nd quarter. Cetera Investment Advisers now owns 176,124 shares of the business services provider’s stock worth $54,317,000 after purchasing an additional 2,771 shares in the last quarter. OmniStar Financial Group Inc. grew its position in shares of Automatic Data Processing by 8.3% during the 2nd quarter. OmniStar Financial Group Inc. now owns 8,012 shares of the business services provider’s stock worth $2,471,000 after purchasing an additional 616 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Automatic Data Processing by 7.0% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 99,555 shares of the business services provider’s stock worth $30,703,000 after purchasing an additional 6,509 shares in the last quarter. Finally, Security Financial Services INC. increased its holdings in shares of Automatic Data Processing by 19.7% during the second quarter. Security Financial Services INC. now owns 1,440 shares of the business services provider’s stock worth $444,000 after purchasing an additional 237 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Trading Down 0.6%

Shares of ADP opened at $253.09 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.05. Automatic Data Processing, Inc. has a 52-week low of $249.68 and a 52-week high of $329.93. The firm has a market cap of $102.36 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 2.39 and a beta of 0.86. The business’s fifty day moving average is $280.33 and its 200-day moving average is $298.63.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.05. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.14 billion. Automatic Data Processing’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be given a dividend of $1.70 per share. The ex-dividend date is Friday, December 12th. This represents a $6.80 dividend on an annualized basis and a yield of 2.7%. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $1.54. Automatic Data Processing’s dividend payout ratio is currently 67.13%.

Insiders Place Their Bets

In related news, VP Don Mcguire sold 13,599 shares of the firm’s stock in a transaction on 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 sale, the vice president owned 17,684 shares of the company’s stock, valued at $5,244,543.88. This trade represents a 43.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP David Foskett sold 1,373 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $407,190.61. Following the sale, the vice president owned 11,781 shares in the company, valued at $3,493,891.17. This represents a 10.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,516 shares of company stock worth $15,632,410 over the last 90 days. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Stifel Nicolaus boosted their price target on Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Morgan Stanley lifted their price objective on Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Citigroup began coverage on Automatic Data Processing in a research report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 target price for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Automatic Data Processing in a report on Thursday. Finally, Wells Fargo & Company decreased their price target on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Automatic Data Processing has a consensus rating of “Hold” and a consensus target price of $312.67.

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.