Mitchell Sinkler & Starr PA Increases Holdings in Automatic Data Processing, Inc. $ADP

Mitchell Sinkler & Starr PA grew its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,919 shares of the business services provider’s stock after buying an additional 370 shares during the quarter. Automatic Data Processing makes up 1.8% of Mitchell Sinkler & Starr PA’s holdings, making the stock its 10th biggest holding. Mitchell Sinkler & Starr PA’s holdings in Automatic Data Processing were worth $3,676,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Second Half Financial Partners LLC bought a new stake in shares of Automatic Data Processing during the second quarter worth $201,000. Orca Investment Management LLC grew its stake in shares of Automatic Data Processing by 2.1% during the second quarter. Orca Investment Management LLC now owns 3,126 shares of the business services provider’s stock worth $964,000 after buying an additional 63 shares during the last quarter. OFI Invest Asset Management grew its stake in shares of Automatic Data Processing by 39.7% during the second quarter. OFI Invest Asset Management now owns 338 shares of the business services provider’s stock worth $104,000 after buying an additional 96 shares during the last quarter. Board of the Pension Protection Fund grew its stake in shares of Automatic Data Processing by 15.8% during the second quarter. Board of the Pension Protection Fund now owns 2,200 shares of the business services provider’s stock worth $678,000 after buying an additional 300 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Automatic Data Processing by 20.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 64,316 shares of the business services provider’s stock worth $19,835,000 after buying an additional 10,882 shares during the last quarter. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Trading Down 0.2%

ADP opened at $285.19 on Friday. Automatic Data Processing, Inc. has a 1-year low of $272.62 and a 1-year high of $329.93. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The company has a market cap of $115.53 billion, a P/E ratio of 28.58, a price-to-earnings-growth ratio of 2.61 and a beta of 0.82. The company has a fifty day moving average price of $297.26 and a two-hundred day moving average price of $303.07.

Automatic Data Processing (NASDAQ:ADP) last posted its 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. The company had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Analysts predict 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. Stockholders of record on Friday, September 12th were given 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 dividend yield of 2.2%. Automatic Data Processing’s payout ratio is presently 61.72%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ADP. BMO Capital Markets raised shares of Automatic Data Processing to a “hold” rating and set a $340.00 price objective on the stock in a research note on Thursday, July 10th. Stifel Nicolaus boosted 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. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a research note on Wednesday. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Finally, Morgan Stanley boosted their price objective on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $316.70.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP Michael A. Bonarti sold 8,728 shares of the stock in a transaction dated 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 completion of the sale, the vice president owned 80,531 shares in the company, valued at approximately $24,032,866.33. This trade represents a 9.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 sale, the vice president owned 17,536 shares of the company’s stock, valued at approximately $5,200,651.52. This trade represents a 20.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,516 shares of company stock valued at $15,632,410 over the last quarter. 0.20% of the stock is currently owned by company insiders.

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.