Investment Advisory Services Inc. TX ADV Sells 89 Shares of Automatic Data Processing, Inc. $ADP

Investment Advisory Services Inc. TX ADV decreased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.8% in the 2nd quarter, Holdings Channel reports. The firm owned 4,979 shares of the business services provider’s stock after selling 89 shares during the quarter. Investment Advisory Services Inc. TX ADV’s holdings in Automatic Data Processing were worth $1,535,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ADP. Brighton Jones LLC raised its holdings in Automatic Data Processing by 92.1% during the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock worth $2,935,000 after purchasing an additional 4,808 shares during the last quarter. Bison Wealth LLC raised its holdings in Automatic Data Processing by 22.8% during the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock worth $1,073,000 after purchasing an additional 681 shares during the last quarter. Investors Research Corp raised its holdings in Automatic Data Processing by 11.4% during the 1st quarter. Investors Research Corp now owns 421 shares of the business services provider’s stock worth $129,000 after purchasing an additional 43 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Automatic Data Processing by 17.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,118 shares of the business services provider’s stock worth $1,869,000 after purchasing an additional 907 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Automatic Data Processing by 2.1% during the 1st quarter. Rhumbline Advisers now owns 860,695 shares of the business services provider’s stock worth $262,968,000 after purchasing an additional 17,297 shares during the last quarter. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $291.54 on Monday. The company has a fifty day simple moving average of $300.36 and a 200 day simple moving average of $303.59. Automatic Data Processing, Inc. has a 12-month low of $272.18 and a 12-month 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 $118.10 billion, a P/E ratio of 29.21, a PEG ratio of 2.67 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.03. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The business had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter last year, the firm posted $2.09 EPS. Automatic Data Processing’s revenue was up 6.3% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Sell-side analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be given a $1.54 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $6.16 annualized dividend and a yield of 2.1%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 61.72%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ADP shares. Morgan Stanley raised their price target on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. BMO Capital Markets upgraded shares of Automatic Data Processing to a “hold” rating and set a $340.00 price objective for the company in a research note on Thursday, July 10th. Stifel Nicolaus lifted their price objective on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Finally, UBS Group lowered their price objective on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $316.70.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 597 shares of Automatic Data Processing stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total transaction of $177,249.30. Following the transaction, the vice president directly owned 10,541 shares of the company’s stock, valued at $3,129,622.90. The trade was a 5.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Don Mcguire sold 13,599 shares of Automatic Data Processing stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction 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 represents a 43.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,516 shares of company stock worth $15,632,410 in the last quarter. Insiders own 0.20% of the company’s stock.

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.