Peak Financial Advisors LLC Acquires New Holdings in Automatic Data Processing, Inc. $ADP

Peak Financial Advisors LLC bought a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,868 shares of the business services provider’s stock, valued at approximately $2,309,000. Automatic Data Processing accounts for 1.1% of Peak Financial Advisors LLC’s investment portfolio, making the stock its 29th largest position.

Several other large investors also recently made changes to their positions in ADP. Activest Wealth Management boosted its position in shares of Automatic Data Processing by 2,600.0% during the first quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock worth $25,000 after buying an additional 78 shares during the period. Harbor Asset Planning Inc. acquired a new stake in Automatic Data Processing in the 2nd quarter valued at approximately $26,000. Mid American Wealth Advisory Group Inc. bought a new stake in Automatic Data Processing during the 2nd quarter valued at $26,000. Howard Hughes Medical Institute acquired a new position in Automatic Data Processing during the 2nd quarter worth $27,000. Finally, Solstein Capital LLC bought a new position in shares of Automatic Data Processing in the second quarter worth $28,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $265.47 on Thursday. Automatic Data Processing, Inc. has a twelve month low of $247.18 and a twelve month 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 0.62. The company has a 50-day moving average of $264.30 and a 200-day moving average of $289.52. The firm has a market cap of $107.37 billion, a price-to-earnings ratio of 26.21 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.05. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the previous year, the firm earned $2.33 EPS. The business’s revenue for the quarter 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. Analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a research note on Thursday, October 30th. UBS Group dropped their price target on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Automatic Data Processing in a report on Monday. Jefferies Financial Group reiterated an “underperform” rating and set a $230.00 price objective (down previously from $245.00) on shares of Automatic Data Processing in a research note on Tuesday. Finally, Citigroup started coverage on Automatic Data Processing in a report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $306.42.

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.