Archer Investment Corp Has $553,000 Stock Position in Automatic Data Processing, Inc. $ADP

Archer Investment Corp boosted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 84.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,794 shares of the business services provider’s stock after buying an additional 820 shares during the period. Archer Investment Corp’s holdings in Automatic Data Processing were worth $553,000 as of its most recent SEC filing.

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

Automatic Data Processing Stock Performance

Shares of NASDAQ ADP opened at $249.06 on Friday. Automatic Data Processing, Inc. has a 12 month low of $247.18 and a 12 month high of $329.93. The company has a market capitalization of $100.73 billion, a P/E ratio of 24.59, a P/E/G ratio of 2.39 and a beta of 0.86. The stock has a 50 day moving average of $276.61 and a 200-day moving average of $297.25. 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 EPS 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 company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the business earned $2.33 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 12th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, December 12th. This is a boost from Automatic Data Processing’s previous quarterly dividend of $1.54. Automatic Data Processing’s dividend payout ratio is presently 67.13%.

Insider Activity

In other Automatic Data Processing news, VP Don Mcguire sold 13,599 shares of Automatic Data Processing stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $4,033,055.43. Following the transaction, the vice president owned 17,684 shares in the company, valued at $5,244,543.88. The trade was a 43.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Michael A. Bonarti sold 8,728 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was 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 of the company’s stock, valued at approximately $24,032,866.33. This represents a 9.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 52,516 shares of company stock valued at $15,632,410. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ADP shares. Citigroup started coverage on Automatic Data Processing in a research report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price target on the stock. Morgan Stanley upped their price target on Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. reduced their price objective 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Automatic Data Processing in a research note on Wednesday. Finally, Stifel Nicolaus lifted 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. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $312.67.

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.