Cornerstone Wealth Group LLC Boosts Stock Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

24 Jun 2025, 11:24 by Amy Steele · The Cerbat Gem

Cornerstone Wealth Group LLC lifted its position in Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) by 25.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,678 shares of the business services provider’s stock after purchasing an additional 6,067 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Automatic Data Processing were worth $9,068,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Toronto Dominion Bank boosted its holdings in shares of Automatic Data Processing by 10.2% in the 4th quarter. Toronto Dominion Bank now owns 236,707 shares of the business services provider’s stock worth $69,290,000 after purchasing an additional 21,910 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of Automatic Data Processing by 42.8% in the 4th quarter. Proficio Capital Partners LLC now owns 3,725 shares of the business services provider’s stock worth $1,090,000 after purchasing an additional 1,117 shares in the last quarter. Napatree Capital LLC boosted its holdings in shares of Automatic Data Processing by 2.7% in the 4th quarter. Napatree Capital LLC now owns 3,199 shares of the business services provider’s stock worth $936,000 after purchasing an additional 84 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Automatic Data Processing by 8.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 250,836 shares of the business services provider’s stock valued at $76,638,000 after acquiring an additional 20,467 shares during the period. Finally, Brighton Jones LLC boosted its holdings in Automatic Data Processing by 92.1% during the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock valued at $2,935,000 after acquiring an additional 4,808 shares during the period. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADP has been the subject of several analyst reports. Morgan Stanley increased their target price on Automatic Data Processing from $305.00 to $310.00 and gave the company an “equal weight” rating in a report on Tuesday, June 17th. Stifel Nicolaus increased their target price on Automatic Data Processing to $305.00 and gave the company a “buy” rating in a report on Friday, May 2nd. UBS Group dropped their price objective on Automatic Data Processing from $323.00 to $315.00 and set a “neutral” rating for the company in a report on Friday, June 13th. TD Securities increased their price objective on Automatic Data Processing from $298.00 to $321.00 and gave the stock a “hold” rating in a report on Wednesday, May 21st. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $307.08.

Get Our Latest Report on Automatic Data Processing

Insider Buying and Selling at Automatic Data Processing

In other news, VP Christopher D’ambrosio sold 478 shares of the firm’s stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $293.14, for a total value of $140,120.92. Following the transaction, the vice president now directly owns 7,364 shares in the company, valued at $2,158,682.96. This trade represents a 6.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Brian L. Michaud sold 1,500 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $305.38, for a total value of $458,070.00. Following the completion of the transaction, the vice president now owns 12,073 shares in the company, valued at approximately $3,686,852.74. This trade represents a 11.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

Automatic Data Processing Stock Up 1.3%

ADP stock opened at $310.24 on Tuesday. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $329.93. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.51. The firm has a market cap of $125.93 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 3.18 and a beta of 0.79. The business has a 50 day moving average of $309.78 and a 200 day moving average of $302.99.

Automatic Data Processing (NASDAQ:ADP – Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. Automatic Data Processing had a return on equity of 77.33% and a net margin of 19.79%. The company had revenue of $5.55 billion during the quarter, compared to analyst estimates of $5.49 billion. During the same quarter last year, the company earned $2.88 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a dividend of $1.54 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.16 annualized dividend and a yield of 1.99%. Automatic Data Processing’s dividend payout ratio is 63.05%.

Automatic Data Processing Profile

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