Raub Brock Capital Management LP Reduces Stake in Automatic Data Processing, Inc. $ADP

Raub Brock Capital Management LP cut its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 4.3% during the second quarter, Holdings Channel.com reports. The firm owned 59,412 shares of the business services provider’s stock after selling 2,651 shares during the period. Automatic Data Processing makes up 4.0% of Raub Brock Capital Management LP’s holdings, making the stock its 7th biggest holding. Raub Brock Capital Management LP’s holdings in Automatic Data Processing were worth $18,323,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC lifted 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 acquiring an additional 4,808 shares during the last quarter. Bison Wealth LLC lifted its position in 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 acquiring an additional 681 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in Automatic Data Processing by 6.2% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,672 shares of the business services provider’s stock valued at $511,000 after acquiring an additional 97 shares during the last quarter. Miracle Mile Advisors LLC lifted its position in Automatic Data Processing by 5.2% during the first quarter. Miracle Mile Advisors LLC now owns 4,570 shares of the business services provider’s stock valued at $1,396,000 after acquiring an additional 226 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its position in Automatic Data Processing by 0.5% during the first quarter. Wesbanco Bank Inc. now owns 10,114 shares of the business services provider’s stock valued at $3,090,000 after acquiring an additional 48 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Insider Transactions at Automatic Data Processing

In related news, VP Don Mcguire sold 13,599 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $4,033,055.43. Following the sale, the vice president directly owned 17,684 shares of the company’s stock, valued at approximately $5,244,543.88. This represents a 43.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Christopher D’ambrosio sold 597 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total transaction of $177,249.30. Following the sale, the vice president directly owned 10,541 shares in the company, valued at $3,129,622.90. This trade represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,516 shares of company stock valued at $15,632,410. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ADP has been the subject of a number of analyst reports. Stifel Nicolaus increased their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research report on Thursday, July 31st. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. 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 research report on Friday, June 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a research report on Saturday, September 27th. Finally, UBS Group decreased their target price on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research report on Wednesday, September 17th. Three investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and an average price target of $316.70.

Automatic Data Processing Stock Up 0.8%

NASDAQ:ADP opened at $292.94 on Wednesday. The firm has a market capitalization of $118.67 billion, a P/E ratio of 29.35, a PEG ratio of 2.66 and a beta of 0.82. Automatic Data Processing, Inc. has a 1-year low of $272.62 and a 1-year high of $329.93. The company’s fifty day moving average price is $298.44 and its 200-day moving average price is $303.34. 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 released its quarterly earnings data 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. The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business 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 research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

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