Loudon Investment Management LLC Purchases 97 Shares of Automatic Data Processing, Inc. $ADP

Loudon Investment Management LLC boosted its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.0% in the 2nd quarter, Holdings Channel reports. The firm owned 4,933 shares of the business services provider’s stock after buying an additional 97 shares during the quarter. Loudon Investment Management LLC’s holdings in Automatic Data Processing were worth $1,521,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ADP. AlphaCore Capital LLC purchased a new stake in shares of Automatic Data Processing in the first quarter worth approximately $688,000. Golden State Wealth Management LLC grew its position in Automatic Data Processing by 29.6% in the 1st quarter. Golden State Wealth Management LLC now owns 565 shares of the business services provider’s stock valued at $173,000 after acquiring an additional 129 shares during the last quarter. Advisory Alpha LLC grew its position in Automatic Data Processing by 130.2% in the 1st quarter. Advisory Alpha LLC now owns 4,416 shares of the business services provider’s stock valued at $1,349,000 after acquiring an additional 2,498 shares during the last quarter. Meiji Yasuda Life Insurance Co increased its stake in Automatic Data Processing by 4.4% in the first quarter. Meiji Yasuda Life Insurance Co now owns 32,478 shares of the business services provider’s stock worth $9,923,000 after purchasing an additional 1,375 shares during the period. Finally, Richard P Slaughter Associates Inc lifted its position in shares of Automatic Data Processing by 92.5% during the second quarter. Richard P Slaughter Associates Inc now owns 1,913 shares of the business services provider’s stock worth $590,000 after purchasing an additional 919 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Insider Activity

In other Automatic Data Processing news, VP Don Mcguire sold 13,599 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $4,033,055.43. Following the completion of the sale, the vice president directly owned 17,684 shares in the company, valued at approximately $5,244,543.88. This trade represents a 43.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Christopher D’ambrosio sold 597 shares of the stock in a transaction that occurred 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,516 shares of company stock worth $15,632,410. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ADP. Royal Bank Of Canada restated a “sector perform” rating and issued a $315.00 price target on shares of Automatic Data Processing in a report on Thursday, June 5th. 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 research note on Thursday, July 31st. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. BMO Capital Markets upgraded Automatic Data Processing to a “hold” rating and set a $340.00 price target for the company in a report on Thursday, July 10th. Finally, UBS Group dropped their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and an average price target of $316.70.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock opened at $293.50 on Wednesday. The company has a market capitalization of $118.89 billion, a PE ratio of 29.41, a P/E/G ratio of 2.68 and a beta of 0.82. The company has a 50-day simple moving average of $300.01 and a two-hundred day simple moving average of $303.53. Automatic Data Processing, Inc. has a one year low of $272.62 and a one year high of $329.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05.

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

Automatic Data Processing Dividend Announcement

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

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.