Austin Private Wealth LLC Purchases 60 Shares of Automatic Data Processing, Inc. $ADP

Austin Private Wealth LLC increased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,126 shares of the business services provider’s stock after purchasing an additional 60 shares during the period. Austin Private Wealth LLC’s holdings in Automatic Data Processing were worth $347,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Jacobsen Capital Management increased its position in shares of Automatic Data Processing by 3.8% during the second quarter. Jacobsen Capital Management now owns 907 shares of the business services provider’s stock valued at $280,000 after purchasing an additional 33 shares during the period. Signature Wealth Management Group grew its position in Automatic Data Processing by 2.3% in the second quarter. Signature Wealth Management Group now owns 1,450 shares of the business services provider’s stock valued at $447,000 after acquiring an additional 33 shares during the period. Bangor Savings Bank grew its position in Automatic Data Processing by 0.7% in the second quarter. Bangor Savings Bank now owns 4,907 shares of the business services provider’s stock valued at $1,513,000 after acquiring an additional 34 shares during the period. Ameritas Advisory Services LLC grew its position in Automatic Data Processing by 2.1% in the second quarter. Ameritas Advisory Services LLC now owns 1,629 shares of the business services provider’s stock valued at $502,000 after acquiring an additional 34 shares during the period. Finally, Syntegra Private Wealth Group LLC grew its position in Automatic Data Processing by 4.7% in the first quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider’s stock valued at $238,000 after acquiring an additional 35 shares during the period. 80.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Automatic Data Processing

In other news, CEO Maria Black sold 23,605 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $22,720,349.52. This represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Don Mcguire sold 13,599 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $4,033,055.43. Following the transaction, the vice president directly owned 17,684 shares in the company, valued at $5,244,543.88. This trade represents a 43.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 52,516 shares of company stock valued at $15,632,410 over the last ninety days. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Trading Down 6.6%

Shares of ADP opened at $261.22 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. Automatic Data Processing, Inc. has a 12-month low of $260.24 and a 12-month high of $329.93. The firm has a market capitalization of $105.82 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 2.56 and a beta of 0.82. The stock’s fifty day simple moving average is $291.44 and its 200-day simple moving average is $301.81.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.05. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the prior year, the firm posted $2.33 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were paid a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, September 12th. Automatic Data Processing’s dividend payout ratio is 61.72%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ADP. Weiss Ratings reiterated a “buy (b)” rating on shares of Automatic Data Processing in a research report on Wednesday, October 8th. Morgan Stanley upped their price target on Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Wells Fargo & Company began coverage on Automatic Data Processing in a research report on Wednesday, October 22nd. They issued an “underweight” rating and a $288.00 price target on the stock. UBS Group lowered their price target on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. Finally, Citigroup began coverage on Automatic Data Processing in a research report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Automatic Data Processing presently has an average rating of “Hold” and an average price target of $313.17.

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.