Automatic Data Processing, Inc. $ADP Stake Lowered by Heritage Wealth Advisors

Heritage Wealth Advisors trimmed its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 185,744 shares of the business services provider’s stock after selling 313 shares during the quarter. Automatic Data Processing comprises about 2.7% of Heritage Wealth Advisors’ holdings, making the stock its 10th biggest holding. Heritage Wealth Advisors’ holdings in Automatic Data Processing were worth $57,284,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Automatic Data Processing by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 41,300,182 shares of the business services provider’s stock worth $12,736,976,000 after acquiring an additional 350,298 shares during the last quarter. Geode Capital Management LLC boosted its stake in Automatic Data Processing by 3.1% during the 2nd quarter. Geode Capital Management LLC now owns 11,388,935 shares of the business services provider’s stock valued at $3,511,698,000 after purchasing an additional 345,798 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Automatic Data Processing by 15.7% in the 1st quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider’s stock worth $1,348,805,000 after purchasing an additional 601,400 shares in the last quarter. Invesco Ltd. raised its stake in shares of Automatic Data Processing by 3.7% in the first quarter. Invesco Ltd. now owns 4,031,713 shares of the business services provider’s stock worth $1,231,809,000 after purchasing an additional 145,161 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Automatic Data Processing by 2.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,848,307 shares of the business services provider’s stock valued at $1,175,773,000 after purchasing an additional 77,296 shares in the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Price Performance

NASDAQ ADP opened at $249.69 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a 12 month low of $247.21 and a 12 month high of $329.93. The stock has a market cap of $100.99 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 2.39 and a beta of 0.86. The company’s 50 day moving average is $278.43 and its two-hundred day moving average is $297.92.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.05. The firm had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.14 billion. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.33 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Increases Dividend

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

Wall Street Analyst Weigh In

ADP has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Automatic Data Processing in a report on Thursday, November 13th. 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. Dbs Bank raised Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. cut their price target on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Finally, Citigroup began coverage on shares of Automatic Data Processing in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price objective on the stock. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $312.67.

Insider Activity

In related news, VP David Foskett sold 1,373 shares of the business’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 $407,190.61. Following the transaction, the vice president directly owned 11,781 shares of the company’s stock, valued at approximately $3,493,891.17. The trade was a 10.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael A. Bonarti sold 8,728 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the transaction, the vice president owned 80,531 shares of the company’s stock, valued at approximately $24,032,866.33. This represents a 9.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 52,516 shares of company stock valued at $15,632,410 in the last three months. 0.20% of the stock is currently owned by insiders.

About Automatic Data Processing

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.