Automatic Data Processing, Inc. $ADP Holdings Lifted by Astoria Portfolio Advisors LLC.

Astoria Portfolio Advisors LLC. increased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,306 shares of the business services provider’s stock after acquiring an additional 43 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Automatic Data Processing were worth $1,012,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ADP. Brighton Jones LLC boosted its holdings 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 worth $2,935,000 after buying an additional 4,808 shares in the last quarter. Bison Wealth LLC boosted its holdings 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 worth $1,073,000 after buying an additional 681 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Automatic Data Processing by 13.8% during the first quarter. GAMMA Investing LLC now owns 9,495 shares of the business services provider’s stock worth $2,901,000 after buying an additional 1,148 shares in the last quarter. Goldstone Financial Group LLC boosted its holdings in Automatic Data Processing by 43.6% during the first quarter. Goldstone Financial Group LLC now owns 1,272 shares of the business services provider’s stock worth $389,000 after buying an additional 386 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Automatic Data Processing by 8.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 250,836 shares of the business services provider’s stock worth $76,638,000 after buying an additional 20,467 shares in the last quarter. 80.03% of the stock is currently owned by institutional investors.

Automatic Data Processing Stock Performance

Shares of NASDAQ ADP opened at $285.19 on Monday. The firm has a market cap of $115.53 billion, a price-to-earnings ratio of 28.58, a P/E/G ratio of 2.61 and a beta of 0.82. The business’s 50-day simple moving average is $297.26 and its 200-day simple moving average is $303.05. 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 52 week low of $272.62 and a 52 week high of $329.93.

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. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter last year, the firm posted $2.09 EPS. The company’s revenue was up 6.3% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, equities research analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were issued a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, September 12th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 61.72%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Automatic Data Processing in a research note on Wednesday, October 8th. Stifel Nicolaus raised their price target on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Dbs Bank raised Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Finally, Morgan Stanley raised their price target on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $316.70.

Insider Activity at Automatic Data Processing

In other news, VP Christopher D’ambrosio sold 597 shares of Automatic Data Processing stock in a transaction that occurred 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 owned 10,541 shares of the company’s stock, valued at approximately $3,129,622.90. This trade represents a 5.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David Foskett sold 1,373 shares of Automatic Data Processing stock in a transaction that occurred 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 sale, the vice president directly owned 11,781 shares in the company, valued at $3,493,891.17. The trade was a 10.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,516 shares of company stock worth $15,632,410 in the last three months. Company insiders own 0.20% of the company’s stock.

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.