AG2R LA Mondiale Gestion D Actifs Makes New Investment in Automatic Data Processing, Inc. $ADP

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new investment position in Automatic Data Processing, Inc. (NASDAQ: ADP), purchasing 15,154 shares worth approximately $4.93 million.
• Automatic Data Processing reported a quarterly EPS of $2.26, exceeding analysts' expectations of $2.23, and generated revenues of $5.13 billion.
• The company declared a quarterly dividend of $1.54 per share, set to be paid on October 1st, which reflects an annualized yield of 2.1%.

AG2R LA Mondiale Gestion D Actifs purchased a new position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,154 shares of the business services provider's stock, valued at approximately $4,933,000.

A number of other hedge funds have also recently added to or reduced their stakes in ADP. GAMMA Investing LLC lifted its stake in shares of Automatic Data Processing by 34,655.1% in the 1st quarter. GAMMA Investing LLC now owns 2,901,007 shares of the business services provider's stock valued at $886,345,000 after purchasing an additional 2,892,660 shares in the last quarter. Nuveen LLC acquired a new position in Automatic Data Processing during the 1st quarter worth approximately $661,771,000. Mackenzie Financial Corp lifted its position in Automatic Data Processing by 128.1% during the 1st quarter. Mackenzie Financial Corp now owns 1,585,704 shares of the business services provider's stock worth $484,480,000 after acquiring an additional 890,440 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Automatic Data Processing by 15.7% during the 1st quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider's stock worth $1,348,805,000 after acquiring an additional 601,400 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Automatic Data Processing by 811.7% during the 1st quarter. SG Americas Securities LLC now owns 637,601 shares of the business services provider's stock worth $194,806,000 after acquiring an additional 567,664 shares in the last quarter. 80.03% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing Trading Up 1.9%

NASDAQ:ADP opened at $298.03 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. Automatic Data Processing, Inc. has a 12-month low of $272.18 and a 12-month high of $329.93. The business has a 50 day simple moving average of $303.31 and a 200 day simple moving average of $304.81. The firm has a market capitalization of $120.71 billion, a P/E ratio of 29.86, a P/E/G ratio of 2.68 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.23 by $0.03. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The company had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the previous year, the firm posted $2.09 EPS. The firm's quarterly revenue was up 6.3% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be given a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, September 12th. Automatic Data Processing's payout ratio is 61.72%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. UBS Group reduced their price target on Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating on the stock in a research report on Friday, June 13th. TD Securities lifted 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. Morgan Stanley boosted their price target on Automatic Data Processing from $310.00 to $311.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Stifel Nicolaus boosted their price target on Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Finally, BMO Capital Markets upgraded Automatic Data Processing to a "hold" rating and set a $340.00 price target for the company in a report on Thursday, July 10th. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Automatic Data Processing presently has an average rating of "Hold" and an average target price of $317.00.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, CEO Maria Black sold 23,605 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the completion of the transaction, the chief executive officer owned 76,161 shares in the company, valued at approximately $22,720,349.52. The trade was a 23.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Don Mcguire sold 13,599 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $4,033,055.43. Following the transaction, the vice president owned 17,684 shares of the company's stock, valued at $5,244,543.88. This trade represents a 43.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,516 shares of company stock worth $15,632,410 in the last ninety days. 0.21% of the stock is currently owned by corporate insiders.

Automatic Data Processing Profile

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.

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