Evermay Wealth Management LLC Purchases 37 Shares of Automatic Data Processing, Inc. $ADP

Evermay Wealth Management LLC raised its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,800 shares of the business services provider’s stock after acquiring an additional 37 shares during the quarter. Evermay Wealth Management LLC’s holdings in Automatic Data Processing were worth $867,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management lifted its holdings in Automatic Data Processing by 2,600.0% in the first quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 78 shares during the period. Harbor Asset Planning Inc. bought a new position in Automatic Data Processing in the second quarter valued at about $26,000. Clarity Asset Management Inc. bought a new position in Automatic Data Processing in the first quarter valued at about $29,000. von Borstel & Associates Inc. bought a new position in Automatic Data Processing in the first quarter valued at about $30,000. Finally, Y.D. More Investments Ltd bought a new position in Automatic Data Processing in the first quarter valued at about $35,000. Institutional investors own 80.03% of the company’s stock.

Analyst Upgrades and Downgrades

ADP has been the subject of a number of analyst reports. Morgan Stanley upped their price target on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. UBS Group reduced their price target on 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. Weiss Ratings restated a “buy (b)” rating on shares of Automatic Data Processing in a research report on Wednesday, October 8th. Stifel Nicolaus upped their price target on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. Finally, Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $316.70.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $281.27 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. Automatic Data Processing, Inc. has a 12-month low of $272.62 and a 12-month high of $329.93. The stock has a 50-day moving average price of $295.32 and a 200 day moving average price of $302.28. The stock has a market capitalization of $113.94 billion, a P/E ratio of 28.18, a P/E/G ratio of 2.58 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, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $5.05 billion. During the same quarter last year, the business posted $2.09 earnings per share. The firm’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. Equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

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

Insider Activity

In related news, VP David Foskett sold 1,373 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Michael A. Bonarti sold 8,728 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total value of $2,604,697.04. Following the transaction, the vice president owned 80,531 shares of the company’s stock, valued at $24,032,866.33. This represents a 9.78% 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 valued at $15,632,410 in the last three months. 0.20% of the stock is currently owned by insiders.

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.