Corient Private Wealth LLC Sells 9,548 Shares of Automatic Data Processing, Inc. $ADP

Corient Private Wealth LLC lowered its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 448,060 shares of the business services provider’s stock after selling 9,548 shares during the period. Corient Private Wealth LLC owned about 0.11% of Automatic Data Processing worth $138,184,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in ADP. Activest Wealth Management increased 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 worth $25,000 after buying an additional 78 shares during the period. Mid American Wealth Advisory Group Inc. purchased a new position in Automatic Data Processing in the 2nd quarter worth approximately $26,000. Harbor Asset Planning Inc. bought a new stake in Automatic Data Processing in the second quarter valued at approximately $26,000. Howard Hughes Medical Institute bought a new stake in Automatic Data Processing in the second quarter valued at approximately $27,000. Finally, Solstein Capital LLC bought a new position in shares of Automatic Data Processing in the second quarter worth approximately $28,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ADP shares. JPMorgan Chase & Co. lowered their price target on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 8th. Wells Fargo & Company lowered their price objective 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. Citigroup initiated coverage on Automatic Data Processing in a report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price target on the stock. Finally, UBS Group lowered their price target on 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. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $312.67.

Automatic Data Processing Trading Up 0.5%

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 52 week low of $247.18 and a 52 week high of $329.93. The stock has a market cap of $107.62 billion, a PE ratio of 26.27 and a beta of 0.86. The business has a 50 day moving average of $265.94 and a 200-day moving average of $290.55.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.05. The company had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.14 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.33 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be given 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 is 67.13%.

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.