Associated Banc Corp Has $2.25 Million Stake in Automatic Data Processing, Inc. $ADP

Associated Banc Corp lowered its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 7,304 shares of the business services provider’s stock after selling 298 shares during the period. Associated Banc Corp’s holdings in Automatic Data Processing were worth $2,253,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management lifted its position in shares of 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 acquiring an additional 78 shares during the period. Harbor Asset Planning Inc. acquired a new stake in Automatic Data Processing during the second quarter valued at approximately $26,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Automatic Data Processing in the 2nd quarter valued at approximately $26,000. Solstein Capital LLC bought a new stake in Automatic Data Processing in the second quarter valued at $28,000. Finally, Westside Investment Management Inc. grew its holdings 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 worth $28,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 80.03% of the company’s stock.

Insider Activity

In other Automatic Data Processing news, VP Joseph Desilva sold 4,614 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 $1,368,373.98. Following the completion of the sale, the vice president owned 17,536 shares of the company’s stock, valued at $5,200,651.52. This trade represents a 20.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Michael A. Bonarti sold 8,728 shares of the company’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 owned 80,531 shares in the company, valued at approximately $24,032,866.33. This trade represents a 9.78% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 insiders.

Automatic Data Processing Price Performance

NASDAQ ADP opened at $256.31 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. 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 $103.66 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 2.39 and a beta of 0.86. The firm’s 50 day moving average is $274.34 and its 200-day moving average is $296.03.

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 business had revenue of $5.18 billion during 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 firm’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.33 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Increases Dividend

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

Analyst Upgrades and Downgrades

ADP has been the subject of a number of research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Automatic Data Processing in a research note on Wednesday, November 19th. Stifel Nicolaus boosted their price objective 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 raised shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Morgan Stanley boosted their price target on shares of 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, UBS Group lowered their target price on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.