Insight Wealth Strategies LLC Raises Stock Position in Automatic Data Processing, Inc. $ADP

Insight Wealth Strategies LLC grew its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 14.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,272 shares of the business services provider’s stock after purchasing an additional 2,142 shares during the period. Insight Wealth Strategies LLC’s holdings in Automatic Data Processing were worth $5,069,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ADP. Advisory Alpha LLC grew its position 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 during the period. Meiji Yasuda Life Insurance Co grew its holdings in Automatic Data Processing by 4.4% in the first quarter. Meiji Yasuda Life Insurance Co now owns 32,478 shares of the business services provider’s stock worth $9,923,000 after purchasing an additional 1,375 shares during the period. MGO One Seven LLC increased its stake 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 purchasing an additional 2,105 shares in the last quarter. Morningstar Investment Management LLC purchased a new position in shares of Automatic Data Processing during the second quarter valued at approximately $1,795,000. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of Automatic Data Processing in the 1st quarter worth approximately $39,906,000. 80.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 8th. Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. UBS Group decreased their price objective on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. JPMorgan Chase & Co. lowered their price objective on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Finally, Wells Fargo & Company reduced their target price on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $306.42.

Automatic Data Processing Stock Down 0.4%

Shares of ADP stock opened at $264.95 on Tuesday. Automatic Data Processing, Inc. has a 12 month low of $247.18 and a 12 month high of $329.93. The company has a 50 day simple moving average of $265.42 and a two-hundred 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. 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 quarterly 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 business had revenue of $5.18 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $2.33 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, research analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 12th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, December 12th. This is a boost from Automatic Data Processing’s previous quarterly dividend of $1.54. Automatic Data Processing’s dividend payout ratio (DPR) is currently 67.13%.

Automatic Data Processing 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.