Automatic Data Processing, Inc. $ADP Shares Acquired by City Holding Co.

City Holding Co. lifted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,831 shares of the business services provider’s stock after purchasing an additional 167 shares during the quarter. City Holding Co.’s holdings in Automatic Data Processing were worth $5,190,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beacon Capital Management LLC increased its position in Automatic Data Processing by 6.4% during the 2nd quarter. Beacon Capital Management LLC now owns 611 shares of the business services provider’s stock worth $188,000 after purchasing an additional 37 shares during the period. Fort Washington Investment Advisors Inc. OH grew its holdings in Automatic Data Processing by 1.7% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 148,443 shares of the business services provider’s stock worth $45,780,000 after acquiring an additional 2,536 shares during the period. Charles Schwab Trust Co grew its holdings in Automatic Data Processing by 6.1% during the second quarter. Charles Schwab Trust Co now owns 1,745 shares of the business services provider’s stock worth $538,000 after acquiring an additional 100 shares during the period. Blossom Wealth Management raised its position in Automatic Data Processing by 3.6% in the second quarter. Blossom Wealth Management now owns 1,426 shares of the business services provider’s stock worth $440,000 after acquiring an additional 50 shares in the last quarter. Finally, LVW Advisors LLC lifted its holdings in Automatic Data Processing by 10.1% in the second quarter. LVW Advisors LLC now owns 1,832 shares of the business services provider’s stock valued at $565,000 after acquiring an additional 168 shares during the period. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ADP shares. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Stifel Nicolaus upped their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. Mizuho increased their target price on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a report on Friday, June 13th. UBS Group decreased their price target on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. Finally, Morgan Stanley lifted their price objective on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $316.70.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP Don Mcguire sold 13,599 shares of Automatic Data Processing stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $4,033,055.43. Following the transaction, the vice president owned 17,684 shares in the company, valued at $5,244,543.88. This trade represents a 43.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David Foskett sold 1,373 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $407,190.61. Following the completion of the transaction, the vice president directly owned 11,781 shares in the company, valued at $3,493,891.17. This trade represents a 10.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,516 shares of company stock valued at $15,632,410 over the last 90 days. 0.21% of the stock is currently owned by insiders.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $291.54 on Friday. Automatic Data Processing, Inc. has a 1-year low of $272.18 and a 1-year high of $329.93. The firm has a 50 day simple moving average of $300.36 and a 200-day simple moving average of $303.50. The firm has a market cap of $118.09 billion, a PE ratio of 29.21, a P/E/G ratio of 2.67 and a beta of 0.82. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.03. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the prior year, the company posted $2.09 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, equities analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be given a dividend of $1.54 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $6.16 annualized dividend and a yield of 2.1%. Automatic Data Processing’s dividend payout ratio is 61.72%.

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.