Verus Financial Partners Inc. Makes New $200,000 Investment in Automatic Data Processing, Inc. $ADP

Verus Financial Partners Inc. bought a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 649 shares of the business services provider’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mattern Capital Management LLC grew its stake in shares of Automatic Data Processing by 0.3% during the 2nd quarter. Mattern Capital Management LLC now owns 34,325 shares of the business services provider’s stock valued at $10,586,000 after buying an additional 108 shares during the period. Hilltop National Bank purchased a new stake in shares of Automatic Data Processing during the 2nd quarter valued at $190,000. Triad Wealth Partners LLC purchased a new stake in shares of Automatic Data Processing during the 2nd quarter valued at $229,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Automatic Data Processing by 8.6% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 161,076 shares of the business services provider’s stock valued at $49,676,000 after buying an additional 12,804 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in shares of Automatic Data Processing by 3.0% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,722 shares of the business services provider’s stock valued at $531,000 after buying an additional 50 shares during the period. 80.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ADP shares. Royal Bank Of Canada reissued a “sector perform” rating and set a $315.00 price objective on shares of Automatic Data Processing in a research note on Thursday, June 5th. BMO Capital Markets raised shares of Automatic Data Processing to a “hold” rating and set a $340.00 price objective for the company in a research note on Thursday, July 10th. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Mizuho upped their price target on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an “outperform” rating in a research report on Friday, June 13th. Finally, Stifel Nicolaus upped their price target 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. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $316.70.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $289.87 on Friday. Automatic Data Processing, Inc. has a 12 month low of $272.62 and a 12 month high of $329.93. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $117.42 billion, a P/E ratio of 29.05, a P/E/G ratio of 2.67 and a beta of 0.82. The company’s fifty day moving average price is $299.43 and its two-hundred day moving average price is $303.40.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.03. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the previous year, the business posted $2.09 EPS. The firm’s revenue 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, research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were issued a $1.54 dividend. The ex-dividend date was Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a yield of 2.1%. Automatic Data Processing’s payout ratio is currently 61.72%.

Insider Transactions at Automatic Data Processing

In other news, CEO Maria Black sold 23,605 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $298.32, for a total value of $7,041,843.60. Following the sale, the chief executive officer owned 76,161 shares in the company, valued at approximately $22,720,349.52. This represents a 23.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP David Foskett sold 1,373 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $407,190.61. Following the completion of the sale, the vice president owned 11,781 shares in the company, valued at approximately $3,493,891.17. This trade represents a 10.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,516 shares of company stock worth $15,632,410 over the last three months. Insiders own 0.20% of the company’s stock.

About Automatic Data Processing

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.