UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $1.18 Billion Position in Automatic Data Processing, Inc. $ADP

Key Points

• UBS Asset Management increased its stake in Automatic Data Processing, Inc. by 2.0%, now owning approximately 3,848,307 shares valued at $1.175 billion.
• The company reported earnings of $2.26 per share for the last quarter, surpassing analyst expectations and showing a revenue increase of 6.3% year-over-year.
• Automatic Data Processing announced a quarterly dividend of $1.54 per share, representing a yield of 2.1%, with the ex-dividend date set for September 12th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 2.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,848,307 shares of the business services provider's stock after purchasing an additional 77,296 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.95% of Automatic Data Processing worth $1,175,773,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Activest Wealth Management grew its holdings in shares of Automatic Data Processing by 2,600.0% during the first quarter. Activest Wealth Management now owns 81 shares of the business services provider's stock worth $25,000 after purchasing an additional 78 shares during the last quarter. Clarity Asset Management Inc. bought a new stake in shares of Automatic Data Processing during the first quarter worth $29,000. von Borstel & Associates Inc. bought a new stake in shares of Automatic Data Processing during the first quarter worth $30,000. Main Street Group LTD grew its holdings in shares of Automatic Data Processing by 50.7% during the fourth quarter. Main Street Group LTD now owns 113 shares of the business services provider's stock worth $33,000 after purchasing an additional 38 shares during the last quarter. Finally, Y.D. More Investments Ltd bought a new stake in shares of Automatic Data Processing during the first quarter worth $35,000. Institutional investors own 80.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group decreased their price target on Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating on the stock in a report on Friday, June 13th. TD Securities raised their price target on Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a report on Wednesday, May 21st. Mizuho raised their price target on Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a report on Friday, June 13th. Dbs Bank upgraded Automatic Data Processing to a "hold" rating in a report on Thursday, August 21st. Finally, BMO Capital Markets upgraded Automatic Data Processing to a "hold" rating and set a $340.00 price target on the stock in a report on Thursday, July 10th. Two investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Automatic Data Processing currently has an average rating of "Hold" and an average target price of $317.00.

Automatic Data Processing Trading Down 1.5%

NASDAQ:ADP traded down $4.53 during mid-day trading on Friday, hitting $293.50. The company had a trading volume of 1,100,046 shares, compared to its average volume of 1,434,094. Automatic Data Processing, Inc. has a fifty-two week low of $272.18 and a fifty-two week high of $329.93. The business's fifty day moving average is $303.00 and its two-hundred day moving average is $304.62. 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 firm has a market cap of $118.88 billion, a P/E ratio of 29.41, a P/E/G ratio of 2.73 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, beating 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 firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the prior year, the firm posted $2.09 earnings per share. The company'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. As a group, research analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

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

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Joseph Desilva sold 4,614 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $1,368,373.98. Following the transaction, the vice president owned 17,536 shares of the company's stock, valued at approximately $5,200,651.52. This represents a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Maria Black sold 23,605 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total value of $7,041,843.60. Following the sale, the chief executive officer directly owned 76,161 shares in the company, valued at approximately $22,720,349.52. This represents a 23.66% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,516 shares of company stock valued at $15,632,410. Corporate insiders own 0.21% of the company's stock.

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.