Automatic Data Processing, Inc. $ADP Shares Newly Acquired by Associated Banc Corp

Associated Banc Corp acquired a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,053 shares of the business services provider's stock, valued at approximately $1,562,000.

Several other large investors also recently modified their holdings of ADP. BlackRock Inc. bought a new position in shares of Automatic Data Processing in the second quarter worth about $8,097,229,000. Bank of America Corp DE acquired a new position in Automatic Data Processing during the 2nd quarter worth about $1,231,175,000. Deutsche Bank AG acquired a new position in shares of Automatic Data Processing in the 2nd quarter worth approximately $994,937,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Automatic Data Processing by 3.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,251,447 shares of the business services provider's stock valued at $952,112,000 after acquiring an additional 129,376 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Automatic Data Processing during the 2nd quarter valued at about $725,513,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing News Summary

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

• Positive Sentiment: ADP’s October National Employment Report showed private employers added 86,000 jobs, above the 69,000 estimate. The result points to continued hiring, although it was slightly below September’s 90,000. October private-sector hiring report
• Positive Sentiment: Broader market coverage cited a rally as uncertainty surrounding the U.S. midterm elections eased, providing a potentially supportive backdrop for ADP shares. Market rally article
• Neutral Sentiment: ADP announced finalists for its 2027 HCM Distinction Awards, highlighting industry recognition but offering no clear near-term financial catalyst. HCM award finalists announcement
• Negative Sentiment: Vice President Michael Bonarti sold 7,487 shares worth about $2.25 million. The sale was made under a pre-arranged Rule 10b5-1 plan, which makes it a less direct bearish signal, but insider selling can still draw investor attention. Insider sale report

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $303.54 on Thursday. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $309.40. The firm has a market capitalization of $119.83 billion, a P/E ratio of 26.91, a P/E/G ratio of 2.66 and a beta of 0.77. The company has a quick ratio of 1.05, a current ratio of 1.03 and a debt-to-equity ratio of 0.98. The stock's 50-day simple moving average is $278.29 and its two-hundred day simple moving average is $241.44.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.77 by $0.05. Automatic Data Processing had a net margin of 20.33% and a return on equity of 77.01%. The company had revenue of $5.49 billion during the quarter, compared to analysts' expectations of $5.48 billion. During the same quarter in the prior year, the company earned $2.49 EPS. The firm's revenue was up 6.1% on a year-over-year basis. As a group, equities analysts anticipate that Automatic Data Processing, Inc. will post 12.38 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings raised Automatic Data Processing from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, September 22nd. Cantor Fitzgerald lifted their target price on Automatic Data Processing from $310.00 to $336.00 and gave the company an "overweight" rating in a research report on Friday, October 30th. Guggenheim reiterated a "buy" rating and set a $340.00 price target on shares of Automatic Data Processing in a report on Thursday, October 29th. UBS Group increased their price target on Automatic Data Processing from $260.00 to $270.00 and gave the company a "neutral" rating in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group raised their price objective on Automatic Data Processing from $225.00 to $250.00 and gave the company an "underperform" rating in a research note on Wednesday, October 28th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $285.00.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Brian Michaud sold 120 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $279.70, for a total value of $33,564.00. Following the completion of the sale, the vice president directly owned 18,442 shares in the company, valued at $5,158,227.40. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Maria Black sold 29,810 shares of Automatic Data Processing stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $280.91, for a total value of $8,373,927.10. Following the sale, the chief executive officer directly owned 80,624 shares in the company, valued at approximately $22,648,087.84. The trade was a 26.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,773 shares of company stock valued at $11,915,182 over the last ninety days. 0.15% of the stock is owned by corporate insiders.

About Automatic Data Processing

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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