one8zero8 LLC Makes New $612,000 Investment in Automatic Data Processing, Inc. $ADP

one8zero8 LLC bought a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 2,734 shares of the business services provider’s stock, valued at approximately $612,000.

Other large investors have also recently modified their holdings of the company. Imprint Wealth LLC bought a new position in Automatic Data Processing in the third quarter worth about $25,000. Cornerstone Financial Management LLC bought a new stake in Automatic Data Processing during the 4th quarter valued at approximately $26,000. Bard Associates Inc. bought a new stake in Automatic Data Processing during the 4th quarter valued at approximately $28,000. Prosperity Bancshares Inc purchased a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $33,000. Finally, High Point Wealth Management LLC purchased a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $34,000. Institutional investors own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ADP shares. Jefferies Financial Group decreased their target price on Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Wells Fargo & Company upped their price target on Automatic Data Processing from $248.00 to $283.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Guggenheim increased their price objective on Automatic Data Processing from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Robert W. Baird lowered their price objective on Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Finally, Cantor Fitzgerald boosted their target price on shares of Automatic Data Processing from $295.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $273.50.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP David Kwon sold 2,414 shares of Automatic Data Processing stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $265.62, for a total transaction of $641,206.68. Following the completion of the transaction, the vice president owned 9,660 shares in the company, valued at approximately $2,565,889.20. The trade was a 19.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.20% of the company’s stock.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $277.22 on Thursday. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $310.08. The company has a 50 day simple moving average of $247.50 and a two-hundred day simple moving average of $225.70. The company has a market capitalization of $110.13 billion, a price-to-earnings ratio of 25.34 and a beta of 0.81. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.05 and a current ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, July 29th. The business services provider reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.05. Automatic Data Processing had a net margin of 20.11% and a return on equity of 71.34%. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same period last year, the business earned $2.26 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. Analysts expect that Automatic Data Processing, Inc. will post 12.26 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be paid a dividend of $1.70 per share. The ex-dividend date is Friday, September 11th. This represents a $6.80 dividend on an annualized basis and a yield of 2.5%. Automatic Data Processing’s payout ratio is presently 62.16%.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.