Stevens Capital Management LP Invests $2.21 Million in Automatic Data Processing, Inc. $ADP

Stevens Capital Management LP bought a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP) in the 2nd quarter, Holdings Channel reports. The firm bought 7,158 shares of the business services provider’s stock, valued at approximately $2,208,000.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Automatic Data Processing in a research report on Wednesday. Stifel Nicolaus boosted their target price on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Morgan Stanley raised their price target 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. Finally, Citigroup assumed 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 objective for the company. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $312.67.

Automatic Data Processing Stock Performance

Shares of NASDAQ ADP opened at $253.12 on Friday. 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 has a market cap of $102.37 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 2.39 and a beta of 0.86. The stock’s fifty day moving average price is $275.80 and its two-hundred day moving average price is $296.90. Automatic Data Processing, Inc. has a one year low of $247.18 and a one year high of $329.93.

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 company had revenue of $5.18 billion during 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 company’s revenue was up 7.1% on a year-over-year basis. During the same quarter 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. On average, equities analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 12th will be issued a $1.70 dividend. 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%. This is an increase from Automatic Data Processing’s previous quarterly dividend of $1.54. Automatic Data Processing’s payout ratio is presently 67.13%.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Michael A. Bonarti sold 8,728 shares of the stock in a transaction that occurred on 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 transaction, the vice president owned 80,531 shares in the company, valued at $24,032,866.33. This represents a 9.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Joseph Desilva sold 4,614 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $1,368,373.98. Following the transaction, the vice president directly owned 17,536 shares in the company, valued at $5,200,651.52. This represents a 20.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 52,516 shares of company stock worth $15,632,410. Company insiders own 0.20% of the company’s stock.

About Automatic Data Processing

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.