Second Half Financial Partners LLC Makes New Investment in Automatic Data Processing, Inc. $ADP

Second Half Financial Partners LLC purchased a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 651 shares of the business services provider’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Automatic Data Processing during the first quarter worth about $661,771,000. Mackenzie Financial Corp boosted its holdings in shares of Automatic Data Processing by 128.1% during the first quarter. Mackenzie Financial Corp now owns 1,585,704 shares of the business services provider’s stock worth $484,480,000 after purchasing an additional 890,440 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Automatic Data Processing by 15.7% during the first quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider’s stock worth $1,348,805,000 after purchasing an additional 601,400 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Automatic Data Processing by 22.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider’s stock worth $934,647,000 after purchasing an additional 564,187 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Automatic Data Processing by 110.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 608,997 shares of the business services provider’s stock worth $186,067,000 after purchasing an additional 319,132 shares during the period. 80.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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 stock a “hold” rating in a report on Thursday, July 31st. BMO Capital Markets upgraded shares of Automatic Data Processing to a “hold” rating and set a $340.00 target price for the company in a report on Thursday, July 10th. UBS Group dropped 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 report on Wednesday, September 17th. Morgan Stanley boosted their price target on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Automatic Data Processing in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $316.70.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Joseph Desilva sold 4,614 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 value of $1,368,373.98. Following the sale, the vice president owned 17,536 shares in the company, valued at approximately $5,200,651.52. This represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael A. Bonarti sold 8,728 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the completion of the sale, the vice president owned 80,531 shares in the company, valued at approximately $24,032,866.33. This trade represents a 9.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,516 shares of company stock valued at $15,632,410. Insiders own 0.20% of the company’s stock.

Automatic Data Processing Price Performance

Shares of ADP opened at $285.19 on Friday. The stock has a market cap of $115.53 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.61 and a beta of 0.82. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. Automatic Data Processing, Inc. has a fifty-two week low of $272.62 and a fifty-two week high of $329.93. The firm’s 50-day simple moving average is $297.26 and its two-hundred day simple moving average is $303.07.

Automatic Data Processing (NASDAQ:ADP) last announced 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 business had revenue of $5.13 billion for the quarter, compared to analysts’ expectations 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 revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm 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. This represents a $6.16 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, September 12th. Automatic Data Processing’s dividend payout ratio is 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.