Klingman & Associates LLC Has $2.20 Million Stock Position in Automatic Data Processing, Inc. $ADP

Klingman & Associates LLC grew its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,128 shares of the business services provider’s stock after buying an additional 365 shares during the quarter. Klingman & Associates LLC’s holdings in Automatic Data Processing were worth $2,198,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Activest Wealth Management boosted its stake in Automatic Data Processing by 2,600.0% in the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock worth $25,000 after purchasing an additional 78 shares during the period. Harbor Asset Planning Inc. bought a new stake in shares of Automatic Data Processing in the second quarter valued at about $26,000. Clarity Asset Management Inc. acquired a new position in shares of Automatic Data Processing during the first quarter worth about $29,000. von Borstel & Associates Inc. bought a new position in shares of Automatic Data Processing during the first quarter worth about $30,000. Finally, Y.D. More Investments Ltd acquired a new stake in Automatic Data Processing in the 1st quarter valued at approximately $35,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on ADP shares. 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 cut their price objective on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. Weiss Ratings restated a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Finally, Stifel Nicolaus increased their price objective on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” 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, Automatic Data Processing 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 $283.03 on Tuesday. The stock has a market cap of $114.65 billion, a P/E ratio of 28.36, a P/E/G ratio of 2.58 and a beta of 0.82. 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 company has a fifty day moving average price of $294.91 and a two-hundred day moving average price of $302.26. Automatic Data Processing, Inc. has a one year low of $272.62 and a one year high of $329.93.

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 the consensus estimate 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 company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same period in the previous year, the business earned $2.09 EPS. Automatic Data Processing’s revenue for the quarter 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. As a group, equities analysts predict 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. Shareholders 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 annualized dividend and a yield of 2.2%. Automatic Data Processing’s dividend payout ratio is currently 61.72%.

Insider Buying and Selling

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 597 shares of the firm’s 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 completion of the sale, the vice president owned 10,541 shares of the company’s stock, valued at $3,129,622.90. This trade represents a 5.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David Foskett sold 1,373 shares of the company’s stock in a transaction on 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 transaction, the vice president owned 11,781 shares in the company, valued at approximately $3,493,891.17. This represents a 10.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,516 shares of company stock valued at $15,632,410. 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.