Amplius Wealth Advisors LLC Increases Position in Automatic Data Processing, Inc. $ADP

Amplius Wealth Advisors LLC lifted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 28.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,128 shares of the business services provider’s stock after purchasing an additional 253 shares during the period. Amplius Wealth Advisors LLC’s holdings in Automatic Data Processing were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Jacobsen Capital Management increased its stake in shares of Automatic Data Processing by 3.8% in the 2nd 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 in the last quarter. Signature Wealth Management Group boosted its holdings in Automatic Data Processing by 2.3% in the 2nd quarter. Signature Wealth Management Group now owns 1,450 shares of the business services provider’s stock worth $447,000 after buying an additional 33 shares during the last quarter. Bangor Savings Bank boosted its holdings in Automatic Data Processing by 0.7% in the 2nd quarter. Bangor Savings Bank now owns 4,907 shares of the business services provider’s stock worth $1,513,000 after buying an additional 34 shares during the last quarter. Ameritas Advisory Services LLC boosted its holdings in Automatic Data Processing by 2.1% in the 2nd quarter. Ameritas Advisory Services LLC now owns 1,629 shares of the business services provider’s stock worth $502,000 after buying an additional 34 shares during the last quarter. Finally, Syntegra Private Wealth Group LLC boosted its holdings in Automatic Data Processing by 4.7% in the 1st quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider’s stock worth $238,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Insider Transactions at Automatic Data Processing

In related news, VP Joseph Desilva sold 4,614 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $1,368,373.98. Following the transaction, the vice president directly owned 17,536 shares in the company, valued at approximately $5,200,651.52. This represents a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Maria Black sold 23,605 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $298.32, for a total value of $7,041,843.60. Following the completion of the transaction, the chief executive officer owned 76,161 shares in the company, valued at $22,720,349.52. This represents a 23.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 52,516 shares of company stock valued at $15,632,410 in the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ADP. Weiss Ratings reiterated a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. Stifel Nicolaus upped their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. Citigroup started coverage on shares of Automatic Data Processing in a report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 target price for the company. UBS Group dropped their target price on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. Finally, Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $310.54.

Automatic Data Processing Trading Up 0.1%

Shares of Automatic Data Processing stock opened at $261.53 on Friday. The stock has a market cap of $105.94 billion, a P/E ratio of 25.82, a P/E/G ratio of 2.39 and a beta of 0.82. The stock’s 50 day simple moving average is $290.57 and its 200-day simple moving average is $301.53. Automatic Data Processing, Inc. has a 1-year low of $260.22 and a 1-year high of $329.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.05. The business had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.14 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.33 EPS. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were issued a $1.54 dividend. The ex-dividend date was Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a yield of 2.4%. Automatic Data Processing’s dividend payout ratio is currently 60.81%.

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.