Automatic Data Processing, Inc. $ADP Shares Sold by Amundi

Key Points

• Amundi has reduced its holdings in Automatic Data Processing, Inc. (ADP) by 20.2%, selling 630,748 shares and now owning 2,489,291 shares worth approximately $760 million.
• Several institutional investors, including Brighton Jones LLC and Bison Wealth LLC, increased their stakes in ADP during the last quarter, indicating a strong interest in the company despite Amundi's divestment.
• ADP reported earnings of $2.26 per share, beating analysts' estimates, with a revenue increase of 6.3% year-over-year, and it has declared a quarterly dividend of $1.54 per share to be paid in October.

Amundi lessened its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 20.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,489,291 shares of the business services provider's stock after selling 630,748 shares during the quarter. Amundi owned 0.61% of Automatic Data Processing worth $760,229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ADP. Brighton Jones LLC boosted its holdings in 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 in the last quarter. Bank Pictet & Cie Europe AG purchased a new stake in Automatic Data Processing in the 4th quarter valued at approximately $957,000. Bison Wealth LLC increased its holdings 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 in the last quarter. Beverly Hills Private Wealth LLC increased its holdings in shares of Automatic Data Processing by 12.8% in the 4th quarter. Beverly Hills Private Wealth LLC now owns 969 shares of the business services provider's stock valued at $284,000 after purchasing an additional 110 shares in the last quarter. Finally, Cary Street Partners Financial LLC purchased a new position in shares of Automatic Data Processing in the 4th quarter valued at about $1,881,000. Hedge funds and other institutional investors own 80.03% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ADP. Morgan Stanley increased their price target on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Royal Bank Of Canada reiterated a "sector perform" rating and set a $315.00 price target on shares of Automatic Data Processing in a research report on Thursday, June 5th. Mizuho lifted their price target on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a research report on Friday, June 13th. Dbs Bank upgraded shares of Automatic Data Processing to a "hold" rating in a research report on Thursday, August 21st. Finally, TD Securities lifted their price target on shares of Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $317.00.

Automatic Data Processing Trading Down 1.4%

Shares of ADP opened at $299.77 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $304.41 and a 200-day simple moving average of $305.42. Automatic Data Processing, Inc. has a 1-year low of $267.79 and a 1-year high of $329.93. The stock has a market cap of $121.42 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 2.78 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, topping analysts' consensus estimates of $2.23 by $0.03. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The business had revenue of $5.13 billion during the quarter, compared to analysts' expectations of $5.05 billion. During the same period last year, the company posted $2.09 EPS. The company's 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 analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company 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. The ex-dividend date is Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.1%. Automatic Data Processing's payout ratio is 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.

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