Geneos Wealth Management Inc. Has $5.79 Million Position in Automatic Data Processing, Inc. $ADP

Geneos Wealth Management Inc. boosted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 55.9% during the second quarter, Holdings Channel.com reports. The fund owned 18,763 shares of the business services provider’s stock after acquiring an additional 6,729 shares during the period. Geneos Wealth Management Inc.’s holdings in Automatic Data Processing were worth $5,787,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Automatic Data Processing by 0.9% in the second quarter. Vanguard Group Inc. now owns 41,300,182 shares of the business services provider’s stock worth $12,736,976,000 after purchasing an additional 350,298 shares during the period. State Street Corp grew its stake in Automatic Data Processing by 1.0% during the second quarter. State Street Corp now owns 18,782,407 shares of the business services provider’s stock worth $5,820,445,000 after buying an additional 187,415 shares in the last quarter. Geode Capital Management LLC grew its stake in Automatic Data Processing by 3.1% during the second quarter. Geode Capital Management LLC now owns 11,388,935 shares of the business services provider’s stock worth $3,511,698,000 after buying an additional 345,798 shares in the last quarter. Laurel Wealth Advisors LLC increased its holdings in Automatic Data Processing by 30,110.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,668,758 shares of the business services provider’s stock valued at $1,439,845,000 after buying an additional 4,653,304 shares during the period. Finally, Invesco Ltd. raised its position in shares of Automatic Data Processing by 13.5% in the 2nd quarter. Invesco Ltd. now owns 4,576,681 shares of the business services provider’s stock valued at $1,411,449,000 after buying an additional 544,968 shares in the last quarter. 80.03% of the stock is currently owned by institutional investors.

Automatic Data Processing Trading Up 0.5%

NASDAQ ADP opened at $266.10 on Monday. The company has a market cap of $107.62 billion, a price-to-earnings ratio of 26.27 and a beta of 0.86. Automatic Data Processing, Inc. has a twelve month low of $247.18 and a twelve month high of $329.93. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. The business’s fifty day moving average is $265.94 and its 200 day moving average is $290.55.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, beating 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 firm had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same period last year, the company earned $2.33 earnings per share. The business’s quarterly 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. As a group, sell-side analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be given a dividend of $1.70 per share. The ex-dividend date is Friday, December 12th. This represents a $6.80 annualized dividend and a yield of 2.6%. This is a boost from Automatic Data Processing’s previous quarterly dividend of $1.54. Automatic Data Processing’s dividend payout ratio is 67.13%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ADP. Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Wells Fargo & Company reduced their target price on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 8th. UBS Group dropped 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, Citigroup started coverage on Automatic Data Processing in a research report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 target price on the stock. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Automatic Data Processing presently has an average rating of “Hold” and a consensus target price of $312.67.

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.