Aigen Investment Management LP Invests $3.77 Million in Automatic Data Processing, Inc. $ADP

Key Points

• Aigen Investment Management initiated a new position in Automatic Data Processing, buying 14,646 shares worth about $3.77 million. The stake represents roughly 0.9% of its portfolio.
• ADP recently posted better-than-expected quarterly results, with EPS of $3.37 versus $3.30 expected and revenue of $5.94 billion, up 7% year over year. The company also issued FY 2026 EPS guidance of 11.01 to 11.11.
• The company declared a quarterly dividend of $1.70 per share, payable July 1, for an annualized yield of about 3.0%. Meanwhile, analysts currently rate the stock a consensus “Hold” with a target price of $244.29.

Aigen Investment Management LP acquired a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 14,646 shares of the business services provider's stock, valued at approximately $3,767,000. Automatic Data Processing makes up about 0.9% of Aigen Investment Management LP's portfolio, making the stock its 14th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC boosted its position in shares of Automatic Data Processing by 92.1% in the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider's stock valued at $2,935,000 after purchasing an additional 4,808 shares during the period. Bison Wealth LLC boosted its position in shares of Automatic Data Processing by 22.8% in the 4th 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 during the period. Schnieders Capital Management LLC. boosted its position in shares of Automatic Data Processing by 21.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,259 shares of the business services provider's stock valued at $388,000 after purchasing an additional 225 shares during the period. Osterweis Capital Management Inc. acquired a new stake in shares of Automatic Data Processing in the 2nd quarter valued at about $108,000. Finally, Diversify Advisory Services LLC boosted its position in shares of Automatic Data Processing by 17.5% in the 2nd quarter. Diversify Advisory Services LLC now owns 5,477 shares of the business services provider's stock valued at $1,641,000 after purchasing an additional 815 shares during the period. 80.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Christopher D'ambrosio sold 543 shares of the firm's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the completion of the transaction, the vice president owned 8,912 shares of the company's stock, valued at approximately $1,857,706.40. This trade represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company's stock.

Automatic Data Processing Stock Up 0.2%

ADP stock opened at $226.21 on Friday. The company has a market cap of $90.42 billion, a P/E ratio of 21.10 and a beta of 0.84. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $315.98. The company's 50-day moving average price is $212.58 and its 200 day moving average price is $229.36. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.30 by $0.07. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same period last year, the business posted $3.06 EPS. Automatic Data Processing's quarterly revenue was up 7.0% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, research analysts expect that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be given a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 annualized dividend and a yield of 3.0%. Automatic Data Processing's dividend payout ratio (DPR) is presently 63.43%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. TD Cowen raised Automatic Data Processing to a "hold" rating in a research note on Monday, May 18th. Stifel Nicolaus reduced their price objective on Automatic Data Processing from $270.00 to $240.00 in a research note on Thursday, April 30th. Citigroup reduced their price objective on Automatic Data Processing from $265.00 to $230.00 and set a "neutral" rating for the company in a research note on Thursday, April 30th. Argus reduced their price objective on Automatic Data Processing from $300.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, May 5th. Finally, Cantor Fitzgerald reduced their price objective on Automatic Data Processing from $306.00 to $244.00 and set an "overweight" rating for the company in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $244.29.

About Automatic Data Processing

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.

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