National Pension Service Boosts Stock Position in Automatic Data Processing, Inc. $ADP

National Pension Service grew its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,031,288 shares of the business services provider’s stock after purchasing an additional 51,383 shares during the period. National Pension Service’s holdings in Automatic Data Processing were worth $230,957,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. WINTON GROUP Ltd increased its holdings in Automatic Data Processing by 192.8% in the 2nd quarter. WINTON GROUP Ltd now owns 64,440 shares of the business services provider’s stock worth $14,431,000 after buying an additional 42,429 shares during the period. Engineers Gate Manager LP lifted its stake in Automatic Data Processing by 656.7% during the 2nd quarter. Engineers Gate Manager LP now owns 42,142 shares of the business services provider’s stock valued at $9,438,000 after acquiring an additional 36,573 shares during the period. Cidel Asset Management Inc. boosted its holdings in shares of Automatic Data Processing by 19.0% in the 2nd quarter. Cidel Asset Management Inc. now owns 1,924 shares of the business services provider’s stock valued at $431,000 after acquiring an additional 307 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Automatic Data Processing by 6.3% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 7,049 shares of the business services provider’s stock valued at $1,579,000 after acquiring an additional 419 shares during the last quarter. Finally, NorthRock Partners LLC increased its stake in shares of Automatic Data Processing by 3.5% in the second quarter. NorthRock Partners LLC now owns 3,742 shares of the business services provider’s stock worth $838,000 after acquiring an additional 126 shares during the period. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Automatic Data Processing news, VP Joseph Desilva sold 631 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $282.87, for a total value of $178,490.97. Following the transaction, the vice president directly owned 18,824 shares in the company, valued at $5,324,744.88. The trade was a 3.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Brian L. Michaud sold 120 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $279.70, for a total transaction of $33,564.00. Following the completion of the sale, the vice president directly owned 18,442 shares of the company’s stock, valued at approximately $5,158,227.40. This trade represents a 0.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 33,773 shares of company stock worth $9,450,629. 0.20% of the stock is currently owned by corporate insiders.

Automatic Data Processing Stock Performance

ADP opened at $267.33 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.82. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $299.22. The company has a market cap of $106.20 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 2.40 and a beta of 0.82. The firm’s fifty day simple moving average is $265.40 and its two-hundred day simple moving average is $231.87.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, July 29th. The business services provider reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.05. Automatic Data Processing had a return on equity of 71.34% and a net margin of 20.11%.The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the prior year, the firm earned $2.26 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. Equities analysts anticipate that Automatic Data Processing, Inc. will post 12.26 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, September 11th. Automatic Data Processing’s dividend payout ratio (DPR) is 62.16%.

Analysts Set New Price Targets

ADP has been the subject of several recent research reports. Weiss Ratings raised shares of Automatic Data Processing from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Wells Fargo & Company lifted their price objective on Automatic Data Processing from $248.00 to $283.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. TD Cowen boosted their price objective on Automatic Data Processing from $216.00 to $223.00 and gave the company a “hold” rating in a report on Monday, July 6th. Cantor Fitzgerald upped their target price on Automatic Data Processing from $295.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Finally, Guggenheim raised their target price on Automatic Data Processing from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Automatic Data Processing has a consensus rating of “Hold” and an average price target of $273.50.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc (NASDAQ: ADP) is a provider of human capital management (HCM) solutions and business outsourcing services. The company helps organizations manage payroll, employment taxes, human resources administration, employee benefits, workforce management, talent management, and compliance.

ADP offers cloud-based products for businesses of different sizes, including payroll and HR platforms, time and attendance tools, recruiting and talent solutions, benefits administration, and data and analytics services.