Automatic Data Processing, Inc. $ADP Shares Acquired by Bogart Wealth LLC

Bogart Wealth LLC increased its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 57.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,021 shares of the business services provider’s stock after purchasing an additional 15,655 shares during the period. Bogart Wealth LLC’s holdings in Automatic Data Processing were worth $8,741,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ADP. Brighton Jones LLC boosted its stake in Automatic Data Processing by 92.1% in the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock worth $2,935,000 after buying an additional 4,808 shares during the last quarter. Bison Wealth LLC increased its stake in shares of Automatic Data Processing by 22.8% during the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock valued at $1,073,000 after acquiring an additional 681 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in shares of Automatic Data Processing by 21.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,259 shares of the business services provider’s stock worth $388,000 after acquiring an additional 225 shares during the period. Osterweis Capital Management Inc. purchased a new position in shares of Automatic Data Processing during the 2nd quarter worth about $108,000. Finally, Diversify Advisory Services LLC boosted its position in shares of Automatic Data Processing by 17.5% in the second quarter. Diversify Advisory Services LLC now owns 5,477 shares of the business services provider’s stock worth $1,641,000 after acquiring an additional 815 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADP has been the subject of a number of recent analyst reports. Mizuho lowered their target price on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Robert W. Baird cut their price target on shares of Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. Wells Fargo & Company upgraded shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price target on the stock in a report on Monday, May 18th. Stifel Nicolaus dropped their price objective on Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. Finally, UBS Group increased their target price on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $244.29.

Automatic Data Processing Price Performance

ADP opened at $242.27 on Monday. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $315.98. The firm has a 50 day moving average price of $219.94 and a 200 day moving average price of $225.54. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $96.84 billion, a PE ratio of 22.60 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same period in the previous year, the company posted $3.06 earnings per share. Automatic Data Processing’s revenue was up 7.0% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Sell-side analysts expect that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, June 12th. Automatic Data Processing’s dividend payout ratio is 63.43%.

About Automatic Data Processing

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.