Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 6,509 Shares of Automatic Data Processing, Inc. $ADP

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 7.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,555 shares of the business services provider’s stock after purchasing an additional 6,509 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Automatic Data Processing were worth $30,703,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADP. Activest Wealth Management boosted its stake in shares of Automatic Data Processing by 2,600.0% during the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock worth $25,000 after buying an additional 78 shares during the last quarter. Harbor Asset Planning Inc. bought a new stake in Automatic Data Processing during the second quarter worth about $26,000. Mid American Wealth Advisory Group Inc. acquired a new position in Automatic Data Processing during the second quarter valued at approximately $26,000. Solstein Capital LLC bought a new position in Automatic Data Processing in the second quarter valued at approximately $28,000. Finally, Westside Investment Management Inc. increased its position in shares of Automatic Data Processing by 80.0% during the 2nd quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock worth $28,000 after purchasing an additional 40 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Trading Down 0.6%

Shares of Automatic Data Processing stock opened at $253.09 on Friday. The firm has a 50-day moving average of $280.33 and a 200-day moving average of $298.65. Automatic Data Processing, Inc. has a 52-week low of $249.68 and a 52-week high of $329.93. The stock has a market cap of $102.36 billion, a PE ratio of 24.98, a PEG ratio of 2.39 and a beta of 0.86. 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 (NASDAQ:ADP) last announced its earnings results on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.44 by $0.05. The company had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.14 billion. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $2.33 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, sell-side analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS 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. Stockholders of record on Friday, December 12th will be issued a dividend of $1.70 per share. This is an increase 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 annualized dividend and a dividend yield of 2.7%. Automatic Data Processing’s payout ratio is currently 67.13%.

Insiders Place Their Bets

In related news, VP David Foskett sold 1,373 shares of the company’s stock in a transaction dated 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 sale, the vice president owned 11,781 shares of the company’s stock, valued at $3,493,891.17. This represents a 10.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Michael A. Bonarti sold 8,728 shares of the firm’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 transaction, the vice president directly owned 80,531 shares in the company, valued at approximately $24,032,866.33. This represents a 9.78% decrease in their ownership of the stock. 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 over the last 90 days. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ADP shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Automatic Data Processing in a research note on Thursday. JPMorgan Chase & Co. lowered 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 report on Thursday, October 30th. Citigroup assumed coverage on shares of Automatic Data Processing in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price target for the company. Stifel Nicolaus boosted their price objective 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. Finally, Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.