Automatic Data Processing, Inc. $ADP Shares Sold by Accredited Wealth Management LLC

Accredited Wealth Management LLC cut its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 21.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,022 shares of the business services provider’s stock after selling 820 shares during the quarter. Automatic Data Processing comprises about 0.8% of Accredited Wealth Management LLC’s investment portfolio, making the stock its 27th largest position. Accredited Wealth Management LLC’s holdings in Automatic Data Processing were worth $928,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ADP. von Borstel & Associates Inc. purchased a new position in Automatic Data Processing in the first quarter valued at about $30,000. Main Street Group LTD increased its stake in Automatic Data Processing by 50.7% in the 4th quarter. Main Street Group LTD now owns 113 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 38 shares in the last quarter. Y.D. More Investments Ltd purchased a new position in Automatic Data Processing in the 1st quarter valued at approximately $35,000. Abound Wealth Management raised its holdings in Automatic Data Processing by 58.1% during the first quarter. Abound Wealth Management now owns 117 shares of the business services provider’s stock worth $36,000 after purchasing an additional 43 shares during the last quarter. Finally, Banque de Luxembourg S.A. purchased a new stake in Automatic Data Processing during the fourth quarter worth $37,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 1.1%

Shares of ADP opened at $309.03 on Thursday. Automatic Data Processing, Inc. has a fifty-two week low of $264.73 and a fifty-two week high of $329.93. The company has a market capitalization of $125.17 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 2.80 and a beta of 0.81. The stock has a fifty day moving average of $305.17 and a two-hundred day moving average of $305.65. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.03. The business had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.09 earnings per share. 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be paid a dividend of $1.54 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.0%. Automatic Data Processing’s dividend payout ratio is currently 61.72%.

Analysts Set New Price Targets

ADP has been the subject of a number of research analyst reports. UBS Group dropped their price target on Automatic Data Processing from $323.00 to $315.00 and set a “neutral” rating for the company in a research report on Friday, June 13th. TD Securities raised their target price on shares of Automatic Data Processing from $298.00 to $321.00 and gave the company a “hold” rating in a report on Wednesday, May 21st. Stifel Nicolaus upped their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a report on Thursday, July 31st. Morgan Stanley raised 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. Finally, Mizuho upped their target price on Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a research note on Friday, June 13th. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Automatic Data Processing currently has an average rating of “Hold” and an average price target of $317.00.

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.