B. Riley Wealth Advisors Inc. Invests $1.10 Million in Automatic Data Processing, Inc. $ADP

B. Riley Wealth Advisors Inc. acquired a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,564 shares of the business services provider’s stock, valued at approximately $1,099,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Alpha LLC raised its holdings in shares of Automatic Data Processing by 130.2% in the 1st quarter. Advisory Alpha LLC now owns 4,416 shares of the business services provider’s stock worth $1,349,000 after buying an additional 2,498 shares in the last quarter. Meiji Yasuda Life Insurance Co lifted its holdings in shares of Automatic Data Processing by 4.4% during the first quarter. Meiji Yasuda Life Insurance Co now owns 32,478 shares of the business services provider’s stock valued at $9,923,000 after acquiring an additional 1,375 shares during the period. MGO One Seven LLC lifted its holdings in shares of Automatic Data Processing by 18.3% during the second quarter. MGO One Seven LLC now owns 13,578 shares of the business services provider’s stock valued at $4,187,000 after acquiring an additional 2,105 shares during the period. Morningstar Investment Management LLC acquired a new stake in shares of Automatic Data Processing in the 2nd quarter valued at $1,795,000. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of Automatic Data Processing in the 1st quarter worth about $39,906,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on ADP shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 8th. Citigroup assumed coverage on shares of 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. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. dropped their target price on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Finally, Wells Fargo & Company reduced their target price on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Automatic Data Processing presently has a consensus rating of “Hold” and an average target price of $312.67.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $264.95 on Tuesday. The stock has a 50 day simple moving average of $265.42 and a 200 day simple moving average of $290.13. The stock has a market cap of $107.16 billion, a P/E ratio of 26.15 and a beta of 0.86. Automatic Data Processing, Inc. has a 1-year low of $247.18 and a 1-year high of $329.93. 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 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.05. The firm had revenue of $5.18 billion for 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 company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.33 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, December 12th. This represents a $6.80 dividend on an annualized basis and a yield of 2.6%. This is an increase from Automatic Data Processing’s previous quarterly dividend of $1.54. Automatic Data Processing’s dividend payout ratio (DPR) is presently 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.