Cedar Mountain Advisors LLC Increases Stock Position in Automatic Data Processing, Inc. $ADP

Cedar Mountain Advisors LLC boosted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 31.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,023 shares of the business services provider’s stock after buying an additional 4,028 shares during the quarter. Automatic Data Processing makes up approximately 1.0% of Cedar Mountain Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Cedar Mountain Advisors LLC’s holdings in Automatic Data Processing were worth $4,996,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in Automatic Data Processing by 92.1% during the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock valued at $2,935,000 after purchasing an additional 4,808 shares in the last quarter. Bison Wealth LLC lifted its position in shares of Automatic Data Processing by 22.8% during the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 681 shares during the last quarter. Nova Wealth Management Inc. bought a new stake in shares of Automatic Data Processing in the 1st quarter valued at about $45,000. Modern Wealth Management LLC grew its position in shares of Automatic Data Processing by 17.5% in the 1st quarter. Modern Wealth Management LLC now owns 3,771 shares of the business services provider’s stock worth $1,152,000 after buying an additional 562 shares during the last quarter. Finally, First Hawaiian Bank raised its stake in shares of Automatic Data Processing by 0.9% during the 1st quarter. First Hawaiian Bank now owns 6,085 shares of the business services provider’s stock worth $1,859,000 after acquiring an additional 52 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.

Analyst Ratings Changes

ADP has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 29th. Citigroup began coverage on Automatic Data Processing in a report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price objective for the company. 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. Jefferies Financial Group reaffirmed an “underperform” rating and set a $230.00 target price (down from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. Finally, Wells Fargo & Company decreased their price target on 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 investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $306.42.

Insiders Place Their Bets

In other Automatic Data Processing news, VP David Kwon sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $260.00, for a total transaction of $234,000.00. Following the completion of the transaction, the vice president directly owned 11,993 shares of the company’s stock, valued at approximately $3,118,180. This trade represents a 6.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Price Performance

NASDAQ ADP opened at $266.02 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 1.05. The stock’s fifty day moving average price is $257.60 and its 200 day moving average price is $282.93. Automatic Data Processing, Inc. has a 1 year low of $247.18 and a 1 year high of $329.93. The company has a market cap of $107.59 billion, a price-to-earnings ratio of 26.26 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last issued 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. The company had revenue of $5.18 billion during 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 was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.33 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Friday, December 12th were given a $1.70 dividend. This is an increase from Automatic Data Processing’s previous quarterly dividend of $1.54. This represents a $6.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, December 12th. Automatic Data Processing’s payout ratio is currently 67.13%.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.