Avidian Wealth Enterprises LLC Raises Holdings in Automatic Data Processing, Inc. $ADP

Avidian Wealth Enterprises LLC lifted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.8% during the second quarter, Holdings Channel.com reports. The fund owned 1,516 shares of the business services provider’s stock after acquiring an additional 56 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Automatic Data Processing were worth $467,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ADP. Brighton Jones LLC boosted its position in Automatic Data Processing by 92.1% in the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock valued at $2,935,000 after buying an additional 4,808 shares during the last quarter. Bison Wealth LLC boosted its position in Automatic Data Processing by 22.8% in the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 681 shares during the last quarter. GAMMA Investing LLC boosted its position in Automatic Data Processing by 13.8% in the first quarter. GAMMA Investing LLC now owns 9,495 shares of the business services provider’s stock valued at $2,901,000 after buying an additional 1,148 shares during the last quarter. Flagship Harbor Advisors LLC boosted its position in Automatic Data Processing by 1.6% in the first quarter. Flagship Harbor Advisors LLC now owns 2,736 shares of the business services provider’s stock valued at $836,000 after buying an additional 43 shares during the last quarter. Finally, Continuum Advisory LLC boosted its position in Automatic Data Processing by 25.7% in the first quarter. Continuum Advisory LLC now owns 1,002 shares of the business services provider’s stock valued at $306,000 after buying an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Insider Activity

In other news, CEO Maria Black sold 23,605 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the transaction, the chief executive officer owned 76,161 shares in the company, valued at $22,720,349.52. This trade represents a 23.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David Foskett sold 1,373 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $407,190.61. Following the transaction, the vice president owned 11,781 shares in the company, valued at $3,493,891.17. This trade represents a 10.44% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,516 shares of company stock worth $15,632,410. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

ADP has been the topic of a number of recent research reports. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Wells Fargo & Company initiated coverage on Automatic Data Processing in a research report on Wednesday. They issued an “underweight” rating and a $288.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. BMO Capital Markets raised Automatic Data Processing to a “hold” rating and set a $340.00 price target for the company in a report on Thursday, July 10th. Finally, Stifel Nicolaus boosted their price target on Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a report on Thursday, July 31st. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $314.09.

Automatic Data Processing Trading Down 0.0%

Shares of NASDAQ:ADP opened at $283.95 on Thursday. Automatic Data Processing, Inc. has a 12-month low of $272.62 and a 12-month high of $329.93. The company has a market capitalization of $115.03 billion, a PE ratio of 28.45, a PEG ratio of 2.60 and a beta of 0.82. The business has a 50 day moving average of $294.18 and a two-hundred day moving average of $302.01. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted $2.09 EPS. The business’s revenue 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. As a group, analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

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 was Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.2%. Automatic Data Processing’s dividend payout ratio (DPR) is 61.72%.

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.