PUREfi Wealth LLC Grows Stock Position in Automatic Data Processing, Inc. $ADP

PUREfi Wealth LLC lifted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 14.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,875 shares of the business services provider’s stock after purchasing an additional 481 shares during the quarter. Automatic Data Processing comprises about 1.0% of PUREfi Wealth LLC’s holdings, making the stock its 22nd biggest position. PUREfi Wealth LLC’s holdings in Automatic Data Processing were worth $1,195,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Bangor Savings Bank lifted its holdings in Automatic Data Processing by 0.7% in the second quarter. Bangor Savings Bank now owns 4,907 shares of the business services provider’s stock valued at $1,513,000 after acquiring an additional 34 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in Automatic Data Processing by 2.1% in the second quarter. Ameritas Advisory Services LLC now owns 1,629 shares of the business services provider’s stock valued at $502,000 after buying an additional 34 shares during the last quarter. Syntegra Private Wealth Group LLC boosted its stake in Automatic Data Processing by 4.7% in the first quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider’s stock valued at $238,000 after acquiring an additional 35 shares in the last quarter. Transamerica Financial Advisors LLC boosted its stake in Automatic Data Processing by 1.0% in the first quarter. Transamerica Financial Advisors LLC now owns 3,371 shares of the business services provider’s stock valued at $1,030,000 after acquiring an additional 35 shares in the last quarter. Finally, Ashton Thomas Securities LLC boosted its stake in Automatic Data Processing by 4.1% in the first quarter. Ashton Thomas Securities LLC now owns 883 shares of the business services provider’s stock valued at $270,000 after acquiring an additional 35 shares in the last quarter. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Automatic Data Processing

In related news, CEO Maria Black sold 23,605 shares of the business’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 transaction of $7,041,843.60. Following the completion of the transaction, the chief executive officer 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael A. Bonarti sold 8,728 shares of Automatic Data Processing stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the completion of the transaction, the vice president directly owned 80,531 shares in the company, valued at approximately $24,032,866.33. The trade was a 9.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock worth $15,632,410 in the last ninety days. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets upgraded shares of Automatic Data Processing to a “hold” rating and set a $340.00 target price for the company in a research note on Thursday, July 10th. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Weiss Ratings restated a “buy (b)” rating on shares of Automatic Data Processing in a research report on Saturday, September 27th. Mizuho raised their target price on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an “outperform” rating in a research report on Friday, June 13th. Finally, Morgan Stanley raised 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 report on Thursday, July 31st. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Automatic Data Processing has an average rating of “Hold” and a consensus target price of $316.70.

Automatic Data Processing Price Performance

NASDAQ ADP opened at $291.31 on Monday. Automatic Data Processing, Inc. has a 52 week low of $272.62 and a 52 week high of $329.93. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock has a market cap of $118.01 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82. The company has a 50-day moving average price of $299.08 and a two-hundred day moving average price of $303.44.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, beating the consensus estimate of $2.23 by $0.03. The business had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were issued a $1.54 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a yield of 2.1%. Automatic Data Processing’s dividend payout ratio is 61.72%.

Automatic Data Processing Company 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.