Automatic Data Processing, Inc. $ADP Shares Sold by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG has reduced its stake in Automatic Data Processing, Inc. (ADP) by 5.7%, now holding 38,907 shares valued at approximately $11.89 million.
• The company reported a quarterly earnings per share (EPS) of $2.26, exceeding analysts' expectations and showing a 6.3% increase in revenue year-over-year.
• Automatic Data Processing declared a quarterly dividend of $1.54 to be paid on October 1st, representing a 2.0% dividend yield with a payout ratio of 61.72%.

B. Metzler seel. Sohn & Co. AG decreased its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 5.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,907 shares of the business services provider's stock after selling 2,358 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Automatic Data Processing were worth $11,887,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Sentinus LLC boosted its position in shares of Automatic Data Processing by 2.3% in the 4th quarter. Sentinus LLC now owns 1,548 shares of the business services provider's stock worth $453,000 after purchasing an additional 35 shares in the last quarter. Syntegra Private Wealth Group LLC boosted its position in shares of 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 worth $238,000 after purchasing an additional 35 shares in the last quarter. Transamerica Financial Advisors LLC boosted its position in shares of 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 worth $1,030,000 after purchasing an additional 35 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in shares of Automatic Data Processing by 1.0% in the 4th quarter. Rehmann Capital Advisory Group now owns 3,686 shares of the business services provider's stock worth $1,079,000 after purchasing an additional 36 shares in the last quarter. Finally, Detalus Advisors LLC boosted its position in shares of Automatic Data Processing by 2.4% in the 1st quarter. Detalus Advisors LLC now owns 1,566 shares of the business services provider's stock worth $478,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company's stock.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $303.45 on Wednesday. The stock has a market cap of $122.91 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 2.78 and a beta of 0.81. The business has a 50-day simple moving average of $304.94 and a 200-day simple moving average of $305.58. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. Automatic Data Processing, Inc. has a 52-week low of $267.79 and a 52-week high of $329.93.

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 (EPS) 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 business had revenue of $5.13 billion during the quarter, compared to analysts' expectations of $5.05 billion. During the same quarter in the previous year, the firm posted $2.09 EPS. The company's revenue for the quarter 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. On average, equities analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be paid a $1.54 dividend. This represents a $6.16 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, September 12th. Automatic Data Processing's payout ratio is currently 61.72%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Royal Bank Of Canada reaffirmed 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. TD Securities lifted their price target on Automatic Data Processing from $298.00 to $321.00 and gave the stock a "hold" rating in a research report on Wednesday, May 21st. Dbs Bank raised Automatic Data Processing to a "hold" rating in a research report on Thursday, August 21st. Mizuho lifted their price target on Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a research report on Friday, June 13th. Finally, UBS Group lowered their price target on Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating for the company in a research report on Friday, June 13th. Two research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $317.00.

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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