695,933 Shares of Automatic Data Processing, Inc. $ADP Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 695,933 shares of the business services provider's stock, valued at approximately $179,592,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.18% of Automatic Data Processing as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of ADP. Aviance Capital Partners LLC raised its stake in shares of Automatic Data Processing by 0.4% during the third quarter. Aviance Capital Partners LLC now owns 9,298 shares of the business services provider's stock valued at $2,399,000 after purchasing an additional 37 shares during the period. Vise Technologies Inc. purchased a new position in shares of Automatic Data Processing in the third quarter valued at $7,168,000. Investment Partners LTD. boosted its stake in shares of Automatic Data Processing by 46.8% in the third quarter. Investment Partners LTD. now owns 10,250 shares of the business services provider's stock valued at $2,645,000 after purchasing an additional 3,270 shares during the period. Cidel Asset Management Inc. boosted its stake in shares of Automatic Data Processing by 8.8% in the third quarter. Cidel Asset Management Inc. now owns 2,093 shares of the business services provider's stock valued at $540,000 after purchasing an additional 169 shares during the period. Finally, MGO One Seven LLC grew its holdings in Automatic Data Processing by 9.1% during the 3rd quarter. MGO One Seven LLC now owns 15,139 shares of the business services provider's stock valued at $3,907,000 after purchasing an additional 1,268 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company's stock.

Automatic Data Processing Stock Performance

Shares of ADP opened at $293.84 on Friday. The business's 50 day moving average is $277.25 and its two-hundred day moving average is $240.83. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $309.40. The firm has a market cap of $116.43 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 2.65 and a beta of 0.83. The company has a quick ratio of 1.05, a current ratio of 1.03 and a debt-to-equity ratio of 0.98.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released its earnings results on Wednesday, October 28th. The business services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.77 by $0.05. Automatic Data Processing had a return on equity of 77.01% and a net margin of 20.33%. The company had revenue of $5.49 billion during the quarter, compared to analysts' expectations of $5.48 billion. During the same period in the prior year, the business posted $2.49 EPS. The business's revenue was up 6.1% on a year-over-year basis. Analysts forecast that Automatic Data Processing, Inc. will post 12.36 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 11th were issued a $1.70 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $6.80 annualized dividend and a yield of 2.3%. Automatic Data Processing's dividend payout ratio is currently 60.28%.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, CEO Maria Black sold 29,810 shares of the firm's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $280.91, for a total transaction of $8,373,927.10. Following the completion of the transaction, the chief executive officer directly owned 80,624 shares of the company's stock, valued at $22,648,087.84. This trade represents a 26.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 business's stock in a transaction dated Friday, August 21st. The stock was 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 $5,158,227.40. The trade was a 0.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 31,359 shares of company stock valued at $8,809,422. Insiders own 0.15% of the company's stock.

Automatic Data Processing News Summary

Here are the key news stories impacting Automatic Data Processing this week:

• Positive Sentiment: Raised fiscal 2027 outlook: ADP now forecasts 10%–12% growth in adjusted earnings per share and raised its outlook for client-funds interest revenue to $1.59 billion–$1.61 billion. The improved guidance is the clearest near-term catalyst for the stock. ADP forecasts fiscal 2027 adjusted EPS growth
• Positive Sentiment: Quarterly results exceeded expectations: ADP reported earnings of $2.82 per share versus the $2.77 consensus estimate, while revenue of $5.49 billion modestly topped forecasts and increased 6.1% year over year. Management also highlighted AI momentum during the earnings call. ADP fiscal 2027 first-quarter results
• Positive Sentiment: Some analysts see additional upside: Guggenheim reaffirmed a Buy rating with a $340 price target, while Stifel raised its target to $305. Jefferies also lifted its target, although it retained an Underperform rating. Guggenheim ADP rating
• Neutral Sentiment: Expansion in small-business payroll: ADP is broadening its reach among small-business customers, a move that could support long-term client and revenue growth but may require additional investment. ADP small-business payroll expansion
• Negative Sentiment: Valuation and analyst caution: Citi, Morgan Stanley, and RBC maintain neutral or equivalent ratings with targets around $288–$295, while Jefferies remains bearish. A Seeking Alpha analysis also argues that investors should not chase the rally despite ADP’s attractive dividend-growth record. ADP dividend growth and valuation analysis

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Automatic Data Processing from $285.00 to $305.00 and gave the stock a "hold" rating in a research note on Thursday. Cantor Fitzgerald boosted their price objective on shares of Automatic Data Processing from $295.00 to $310.00 and gave the stock an "overweight" rating in a report on Monday, August 3rd. Weiss Ratings raised shares of Automatic Data Processing from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, September 22nd. Jefferies Financial Group raised their target price on Automatic Data Processing from $225.00 to $250.00 and gave the company an "underperform" rating in a research note on Wednesday. Finally, BMO Capital Markets raised their target price on Automatic Data Processing from $248.00 to $305.00 and gave the company a "market perform" rating in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $283.27.

Automatic Data Processing Profile

Automatic Data Processing, Inc NASDAQ: ADP is a global provider of human capital management and business outsourcing solutions. The company helps employers manage payroll, human resources, workforce administration, benefits, tax compliance, time and attendance, talent management, and related employment processes.

ADP offers cloud-based platforms and services designed for businesses of various sizes, from small enterprises to large organizations. Its portfolio includes payroll processing, human resources management, employee benefits administration, retirement services, workforce management, data analytics, and professional employer organization services through ADP TotalSource.

Founded in 1949, ADP serves businesses in the United States and international markets.

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