Automatic Data Processing, Inc. $ADP is R.H. Investment Group LLC’s 7th Largest Position

R.H. Investment Group LLC lifted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,579 shares of the business services provider’s stock after buying an additional 205 shares during the period. Automatic Data Processing makes up approximately 5.0% of R.H. Investment Group LLC’s holdings, making the stock its 7th largest position. R.H. Investment Group LLC’s holdings in Automatic Data Processing were worth $5,421,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Nuveen LLC purchased a new stake in shares of Automatic Data Processing during the first quarter worth approximately $661,771,000. Mackenzie Financial Corp increased its stake in Automatic Data Processing by 128.1% in the 1st quarter. Mackenzie Financial Corp now owns 1,585,704 shares of the business services provider’s stock valued at $484,480,000 after buying an additional 890,440 shares during the period. Ameriprise Financial Inc. raised its position in Automatic Data Processing by 15.7% during the 1st quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider’s stock worth $1,348,805,000 after buying an additional 601,400 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Automatic Data Processing by 811.7% in the 1st quarter. SG Americas Securities LLC now owns 637,601 shares of the business services provider’s stock worth $194,806,000 after acquiring an additional 567,664 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Automatic Data Processing by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider’s stock valued at $934,647,000 after acquiring an additional 564,187 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, CEO Maria Black sold 23,605 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the completion of the sale, the chief executive officer directly owned 76,161 shares in the company, valued at $22,720,349.52. This represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Joseph Desilva sold 4,614 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $1,368,373.98. Following the completion of the transaction, the vice president owned 17,536 shares in the company, valued at approximately $5,200,651.52. This trade represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,516 shares of company stock valued at $15,632,410 in the last ninety days. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

ADP has been the subject of several analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $315.00 price target on shares of Automatic Data Processing in a report on Thursday, June 5th. Dbs Bank raised Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Stifel Nicolaus raised their price target on Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a report on Thursday, July 31st. 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, Mizuho increased their price objective on Automatic Data Processing from $321.00 to $332.00 and gave the stock an “outperform” rating in a research report on Friday, June 13th. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Automatic Data Processing has an average rating of “Hold” and a consensus price target of $316.70.

Automatic Data Processing Trading Up 0.9%

Shares of ADP stock opened at $291.54 on Monday. The firm’s 50-day simple moving average is $300.36 and its 200-day simple moving average is $303.59. 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, Inc. has a 1-year low of $272.18 and a 1-year high of $329.93. The firm has a market cap of $118.10 billion, a P/E ratio of 29.21, a PEG ratio of 2.67 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.03. The firm had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. Automatic Data Processing’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, equities analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be issued a $1.54 dividend. The ex-dividend date is Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a yield of 2.1%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 61.72%.

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.