Tema Etfs LLC Makes New $1.83 Million Investment in Automatic Data Processing, Inc. $ADP

Tema Etfs LLC purchased a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,245 shares of the business services provider’s stock, valued at approximately $1,833,000.

Several other large investors also recently bought and sold shares of the business. Brighton Jones LLC increased its position in Automatic Data Processing by 92.1% in the fourth 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 in the last quarter. Bison Wealth LLC grew its position in shares of Automatic Data Processing by 22.8% during the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock valued at $1,073,000 after purchasing an additional 681 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in Automatic Data Processing by 1.8% in the 2nd quarter. Salem Investment Counselors Inc. now owns 2,540 shares of the business services provider’s stock worth $787,000 after acquiring an additional 44 shares during the last quarter. Parallel Advisors LLC lifted its position in Automatic Data Processing by 8.3% during the second quarter. Parallel Advisors LLC now owns 9,744 shares of the business services provider’s stock valued at $3,005,000 after purchasing an additional 743 shares during the last quarter. Finally, Gallacher Capital Management LLC increased its holdings in shares of Automatic Data Processing by 259.6% in the 2nd quarter. Gallacher Capital Management LLC now owns 2,837 shares of the business services provider’s stock worth $875,000 after buying an additional 2,048 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP David Kwon sold 900 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $260.00, for a total transaction of $234,000.00. Following the transaction, the vice president owned 11,993 shares of the company’s stock, valued at $3,118,180. This trade represents a 6.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group cut their price objective 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. JPMorgan Chase & Co. lowered their target price on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Citigroup started coverage on shares of Automatic Data Processing in a report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 target price on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 29th. Finally, Wells Fargo & Company decreased their target price on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $306.42.

Automatic Data Processing Trading Down 1.2%

ADP stock opened at $262.80 on Tuesday. Automatic Data Processing, Inc. has a 12-month low of $247.18 and a 12-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 business’s 50-day moving average is $257.71 and its 200 day moving average is $282.54. The stock has a market cap of $106.29 billion, a price-to-earnings ratio of 25.94 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, topping 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 business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the previous year, the firm earned $2.33 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, sell-side analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Friday, December 12th were given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 2.6%. This is a boost from Automatic Data Processing’s previous quarterly dividend of $1.54. The ex-dividend date of this dividend was Friday, December 12th. Automatic Data Processing’s dividend payout ratio is presently 67.13%.

Automatic Data Processing Company Profile

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.