Caldwell Trust Co Takes $2.55 Million Position in Automatic Data Processing, Inc. $ADP

Caldwell Trust Co acquired a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,277 shares of the business services provider’s stock, valued at approximately $2,553,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC raised its stake in shares of Automatic Data Processing by 4.1% during the second quarter. Valeo Financial Advisors LLC now owns 8,140 shares of the business services provider’s stock valued at $2,510,000 after acquiring an additional 317 shares during the last quarter. NWF Advisory Services Inc. bought a new position in Automatic Data Processing during the 2nd quarter worth $313,000. Osaic Holdings Inc. lifted its holdings in Automatic Data Processing by 0.8% during the 2nd quarter. Osaic Holdings Inc. now owns 78,554 shares of the business services provider’s stock worth $24,256,000 after buying an additional 640 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in Automatic Data Processing by 25.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 24,295 shares of the business services provider’s stock worth $7,493,000 after buying an additional 4,980 shares during the period. Finally, Claris Financial LLC grew its position in shares of Automatic Data Processing by 3.3% in the 2nd quarter. Claris Financial LLC now owns 1,957 shares of the business services provider’s stock valued at $604,000 after buying an additional 62 shares during the last quarter. 80.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ADP has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. UBS Group decreased their target price on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research report on Wednesday, September 17th. Citigroup started coverage on shares of Automatic Data Processing in a research report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price target on the stock. Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Finally, Wells Fargo & Company lowered their target price on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $312.67.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $266.10 on Monday. 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 twelve month low of $247.18 and a twelve month high of $329.93. The company has a fifty day moving average of $265.94 and a 200-day moving average of $290.55. The firm has a market capitalization of $107.62 billion, a P/E ratio of 26.27 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.05. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The business had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period last year, the company posted $2.33 earnings per share. The business’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. As a group, sell-side analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be paid 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 dividend on an annualized basis and a yield of 2.6%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 67.13%.

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.