Automatic Data Processing, Inc. $ADP Shares Acquired by AE Wealth Management LLC

AE Wealth Management LLC increased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 16.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,861 shares of the business services provider’s stock after purchasing an additional 2,338 shares during the quarter. AE Wealth Management LLC’s holdings in Automatic Data Processing were worth $5,201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management boosted its holdings in shares of 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 in the last quarter. Harbor Asset Planning Inc. acquired a new stake in Automatic Data Processing in the second quarter valued at about $26,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Automatic Data Processing in the second quarter valued at about $26,000. Solstein Capital LLC purchased a new stake in Automatic Data Processing in the 2nd quarter valued at approximately $28,000. Finally, Westside Investment Management Inc. increased its position in 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 period. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a research note on Wednesday, October 8th. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Stifel Nicolaus raised their target price on Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a report on Thursday, July 31st. Citigroup started coverage on shares of Automatic Data Processing in a research report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their price target on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a research note on Thursday, October 30th. Three research 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’s stock. According to data from MarketBeat.com, Automatic Data Processing presently has a consensus rating of “Hold” and an average target price of $312.67.

Automatic Data Processing Trading Up 0.7%

Shares of Automatic Data Processing stock opened at $254.16 on Monday. Automatic Data Processing, Inc. has a 1 year low of $249.68 and a 1 year high of $329.93. 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 business has a 50 day moving average price of $284.90 and a 200 day moving average price of $300.08. The company has a market capitalization of $102.79 billion, a P/E ratio of 25.09, a P/E/G ratio of 2.39 and a beta of 0.86.

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, beating analysts’ consensus estimates 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 firm had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter in the prior year, the firm earned $2.33 EPS. Automatic Data Processing’s quarterly revenue was up 7.1% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Sell-side analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Insider Buying and Selling at Automatic Data Processing

In other news, VP Michael A. Bonarti sold 8,728 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total value of $2,604,697.04. Following the completion of the transaction, the vice president owned 80,531 shares of the company’s stock, valued at $24,032,866.33. The trade was a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction, the vice president directly owned 11,781 shares in the company, valued at $3,493,891.17. The trade was a 10.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 52,516 shares of company stock valued at $15,632,410. 0.20% of the stock is owned by company insiders.

Automatic Data Processing Company 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.