Automatic Data Processing, Inc. $ADP Shares Bought by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. increased its holdings in Automatic Data Processing, Inc. (ADP) by 0.9%, owning 152,065 shares worth approximately $46.9 million after acquiring an additional 1,400 shares in the second quarter.
• Institutional investors collectively own 80.03% of ADP's stock, indicating strong institutional interest in the company.
• ADP recently reported quarterly earnings of $2.26 per share, exceeding expectations, with quarterly revenue up by 6.3% compared to the same quarter last year.

Mn Services Vermogensbeheer B.V. boosted its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 0.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 152,065 shares of the business services provider's stock after acquiring an additional 1,400 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Automatic Data Processing were worth $46,897,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bangor Savings Bank grew its stake in Automatic Data Processing by 0.7% in the 2nd quarter. Bangor Savings Bank now owns 4,907 shares of the business services provider's stock valued at $1,513,000 after acquiring an additional 34 shares during the period. Syntegra Private Wealth Group LLC grew its stake in Automatic Data Processing by 4.7% in the 1st quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider's stock valued at $238,000 after acquiring an additional 35 shares during the period. Transamerica Financial Advisors LLC grew its stake in Automatic Data Processing by 1.0% in the 1st quarter. Transamerica Financial Advisors LLC now owns 3,371 shares of the business services provider's stock valued at $1,030,000 after acquiring an additional 35 shares during the period. Ashton Thomas Securities LLC grew its stake in Automatic Data Processing by 4.1% in the 1st quarter. Ashton Thomas Securities LLC now owns 883 shares of the business services provider's stock valued at $270,000 after acquiring an additional 35 shares during the period. Finally, CBIZ Investment Advisory Services LLC grew its stake in Automatic Data Processing by 36.1% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 132 shares of the business services provider's stock valued at $41,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 80.03% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group dropped their price target on shares of Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 17th. Morgan Stanley lifted their target price on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $315.00 target price on shares of Automatic Data Processing in a research note on Thursday, June 5th. Dbs Bank raised shares of Automatic Data Processing to a "hold" rating in a research note on Thursday, August 21st. Finally, Mizuho lifted their target price on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. Two investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $314.73.

Insider Transactions at Automatic Data Processing

In related news, VP Don Mcguire sold 13,599 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $4,033,055.43. Following the sale, the vice president directly owned 17,684 shares in the company, valued at approximately $5,244,543.88. The trade was a 43.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher D'ambrosio sold 597 shares of the business's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total transaction of $177,249.30. Following the completion of the sale, the vice president owned 10,541 shares in the company, valued at approximately $3,129,622.90. This trade represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,516 shares of company stock worth $15,632,410 in the last 90 days. Insiders own 0.21% of the company's stock.

Automatic Data Processing Trading Up 0.6%

Shares of NASDAQ ADP traded up $1.66 during trading on Monday, hitting $293.66. 2,134,587 shares of the company were exchanged, compared to its average volume of 1,719,206. Automatic Data Processing, Inc. has a 12-month low of $272.18 and a 12-month high of $329.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. The company has a fifty day moving average price of $301.19 and a 200-day moving average price of $303.73. The firm has a market capitalization of $118.94 billion, a PE ratio of 29.42, a P/E/G ratio of 2.67 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping the consensus estimate 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 business had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the previous year, the firm earned $2.09 EPS. The company's quarterly revenue was up 6.3% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, equities research analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

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

About Automatic Data Processing

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.