PAX Financial Group LLC Has $545,000 Position in Automatic Data Processing, Inc. $ADP

PAX Financial Group LLC lessened its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 11.6% in the 2nd quarter, Holdings Channel reports. The firm owned 1,768 shares of the business services provider’s stock after selling 231 shares during the period. PAX Financial Group LLC’s holdings in Automatic Data Processing were worth $545,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADP. Brighton Jones LLC grew its stake 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 acquiring an additional 4,808 shares during the period. Bison Wealth LLC lifted its holdings in shares of 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 valued at $1,073,000 after purchasing an additional 681 shares in the last quarter. MWA Asset Management lifted its holdings in shares of Automatic Data Processing by 5.2% during the 1st quarter. MWA Asset Management now owns 2,611 shares of the business services provider’s stock valued at $798,000 after purchasing an additional 130 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Automatic Data Processing by 19.7% in the 1st quarter. Private Advisor Group LLC now owns 21,892 shares of the business services provider’s stock valued at $6,689,000 after purchasing an additional 3,605 shares during the period. Finally, OneAscent Financial Services LLC increased its stake in Automatic Data Processing by 157.1% during the 1st quarter. OneAscent Financial Services LLC now owns 5,052 shares of the business services provider’s stock worth $1,546,000 after purchasing an additional 3,087 shares in the last quarter. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Trading Down 0.9%

Automatic Data Processing stock opened at $250.90 on Tuesday. The company has a market cap of $101.48 billion, a price-to-earnings ratio of 24.77, a P/E/G ratio of 2.39 and a beta of 0.86. The firm has a 50-day moving average of $279.38 and a 200-day moving average of $298.30. 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, Inc. has a one year low of $249.68 and a one year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.05. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.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 company posted $2.33 earnings per share. Automatic Data Processing’s revenue was up 7.1% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, equities analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 12th will be issued a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, December 12th. This is a boost from Automatic Data Processing’s previous quarterly dividend of $1.54. Automatic Data Processing’s payout ratio is currently 67.13%.

Analyst Upgrades and Downgrades

ADP has been the topic of a number of research reports. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Morgan Stanley upped their target price 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. 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. UBS Group reduced their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research report on Wednesday, September 17th. Finally, Wells Fargo & Company dropped their target price on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $312.67.

Insiders Place Their Bets

In related news, CEO Maria Black sold 23,605 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the transaction, the chief executive officer directly owned 76,161 shares in the company, valued at approximately $22,720,349.52. The trade was a 23.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Don Mcguire sold 13,599 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $4,033,055.43. Following the completion of the sale, the vice president owned 17,684 shares of the company’s stock, valued at approximately $5,244,543.88. This represents a 43.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 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 insiders.

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.