Okabena Investment Services Inc. Takes Position in Automatic Data Processing, Inc. $ADP

Posted by Geri Gentry on Aug 30th, 2026

Okabena Investment Services Inc. bought a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,054 shares of the business services provider’s stock, valued at approximately $1,580,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Imprint Wealth LLC bought a new stake in Automatic Data Processing in the 3rd quarter valued at $25,000. Cornerstone Financial Management LLC bought a new position in shares of Automatic Data Processing during the 4th quarter worth about $26,000. Bard Associates Inc. acquired a new stake in shares of Automatic Data Processing during the 4th quarter valued at about $28,000. Whipplewood Advisors LLC boosted its position in shares of Automatic Data Processing by 2,740.0% during the 1st quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 137 shares in the last quarter. Finally, Prosperity Bancshares Inc bought a new stake in Automatic Data Processing in the fourth quarter valued at about $33,000. 80.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ADP. TD Cowen increased their price target on shares of Automatic Data Processing from $216.00 to $223.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. BMO Capital Markets upped their price objective on Automatic Data Processing from $248.00 to $305.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. Wells Fargo & Company increased their target price on Automatic Data Processing from $248.00 to $283.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Cantor Fitzgerald raised their target price on Automatic Data Processing from $295.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Finally, Morgan Stanley raised their target price on Automatic Data Processing from $240.00 to $286.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Automatic Data Processing currently has a consensus rating of “Hold” and an average price target of $273.50.

View Our Latest Stock Analysis on ADP

Automatic Data Processing Trading Up 1.0%

Shares of Automatic Data Processing stock opened at $287.48 on Friday. The stock has a market capitalization of $114.21 billion, a P/E ratio of 26.28 and a beta of 0.81. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.82. The company has a 50-day simple moving average of $256.03 and a 200 day simple moving average of $227.97. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $305.31.

Automatic Data Processing (NASDAQ:ADP – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.05. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.44 billion. Automatic Data Processing had a net margin of 20.11% and a return on equity of 71.34%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $2.26 EPS. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. Research analysts expect that Automatic Data Processing, Inc. will post 12.26 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a $1.70 dividend. The ex-dividend date is Friday, September 11th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.4%. Automatic Data Processing’s payout ratio is 62.16%.

Insider Activity at Automatic Data Processing

In related news, VP David Kwon sold 2,414 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $265.62, for a total transaction of $641,206.68. Following the completion of the sale, the vice president directly owned 9,660 shares of the company’s stock, valued at $2,565,889.20. This trade represents a 19.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Brian L. Michaud sold 120 shares of Automatic Data Processing stock in a transaction on Friday, August 21st. The shares were sold at an average price of $279.70, for a total value of $33,564.00. Following the completion of the transaction, the vice president owned 18,442 shares of the company’s stock, valued at approximately $5,158,227.40. The trade was a 0.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,332 shares of company stock worth $898,211 over the last three months. 0.20% of the stock is owned by company insiders.

Automatic Data Processing Profile

(Free Report)

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.