Bailard Inc. Has $5.44 Million Stock Position in Automatic Data Processing, Inc. $ADP

Bailard Inc. lifted its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 53.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,647 shares of the business services provider’s stock after purchasing an additional 6,167 shares during the period. Bailard Inc.’s holdings in Automatic Data Processing were worth $5,442,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its position in shares of Automatic Data Processing by 92.1% during the 4th 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 during the period. Bison Wealth LLC boosted its stake in Automatic Data Processing by 22.8% during the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock worth $1,073,000 after acquiring an additional 681 shares during the last quarter. MWA Asset Management grew its holdings in Automatic Data Processing by 5.2% during the first quarter. MWA Asset Management now owns 2,611 shares of the business services provider’s stock valued at $798,000 after purchasing an additional 130 shares during the period. CWM LLC increased its stake in Automatic Data Processing by 7.3% in the first quarter. CWM LLC now owns 30,733 shares of the business services provider’s stock valued at $9,390,000 after purchasing an additional 2,098 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its holdings in Automatic Data Processing by 3.9% in the first quarter. Apollon Wealth Management LLC now owns 14,477 shares of the business services provider’s stock worth $4,423,000 after purchasing an additional 547 shares during the period. 80.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Automatic Data Processing

In other news, VP Joseph Desilva sold 4,614 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $1,368,373.98. Following the completion of the transaction, the vice president directly owned 17,536 shares in the company, valued at $5,200,651.52. This represents a 20.83% 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 the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $298.32, for a total value of $7,041,843.60. Following the completion of the transaction, the chief executive officer owned 76,161 shares of the company’s stock, valued at $22,720,349.52. The trade was a 23.66% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 Stock Up 0.4%

NASDAQ:ADP opened at $255.20 on Wednesday. The stock has a 50-day simple moving average of $283.00 and a 200 day simple moving average of $299.54. Automatic Data Processing, Inc. has a 52-week low of $249.68 and a 52-week high of $329.93. The company has a market cap of $103.22 billion, a PE ratio of 25.19, a PEG ratio of 2.39 and a beta of 0.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.05. The firm had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.14 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.33 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, sell-side analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ADP has been the subject of several research analyst reports. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. decreased their target price on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. 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 report on Thursday, July 31st. UBS Group cut their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Finally, Stifel Nicolaus increased their target price 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. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $312.67.

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.