Mid American Wealth Advisory Group Inc. Acquires New Position in Automatic Data Processing, Inc. $ADP

Mid American Wealth Advisory Group Inc. bought a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 83 shares of the business services provider’s stock, valued at approximately $26,000.

Other large investors also recently made changes to their positions in the company. Activest Wealth Management increased its stake 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 purchasing an additional 78 shares during the last quarter. Harbor Asset Planning Inc. acquired a new position in shares of Automatic Data Processing during the 2nd quarter valued at about $26,000. Clarity Asset Management Inc. purchased a new position in shares of Automatic Data Processing during the 1st quarter worth about $29,000. von Borstel & Associates Inc. acquired a new stake in shares of Automatic Data Processing in the first quarter worth approximately $30,000. Finally, Y.D. More Investments Ltd purchased a new stake in Automatic Data Processing in the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP David Foskett sold 1,373 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 $407,190.61. Following the completion of the transaction, the vice president directly owned 11,781 shares of the company’s stock, valued at $3,493,891.17. This represents a 10.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Maria Black sold 23,605 shares of Automatic Data Processing stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total value of $7,041,843.60. Following the sale, the chief executive officer directly owned 76,161 shares in the company, valued at approximately $22,720,349.52. The trade was a 23.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,516 shares of company stock worth $15,632,410 over the last three months. Insiders own 0.20% of the company’s stock.

Automatic Data Processing Trading Up 0.6%

Shares of ADP opened at $283.03 on Tuesday. Automatic Data Processing, Inc. has a 12 month low of $272.62 and a 12 month high of $329.93. The stock’s 50-day moving average is $294.91 and its two-hundred day moving average is $302.26. 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 stock has a market cap of $114.65 billion, a PE ratio of 28.36, a P/E/G ratio of 2.58 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 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 for the quarter, compared to analyst estimates of $5.05 billion. During the same period in the previous year, the company posted $2.09 EPS. Automatic Data Processing’s revenue for the quarter 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 analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

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

Analyst Ratings Changes

ADP has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Automatic Data Processing in a research note on Wednesday, October 8th. Morgan Stanley increased their target price 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. BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 price target for the company in a research report on Thursday, July 10th. UBS Group dropped their price target on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. Finally, Stifel Nicolaus lifted their price objective on Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $316.70.

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.