Lansforsakringar Fondforvaltning AB publ Cuts Position in Automatic Data Processing, Inc. $ADP

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its holdings in Automatic Data Processing, Inc. by 3.3%, selling 4,524 shares during the first quarter, leaving them with 133,195 shares valued at approximately $40.7 million.
• Automatic Data Processing recently reported a quarterly earnings per share (EPS) of $2.26, exceeding the analysts' expectations, while also achieving a revenue of $5.13 billion, which is a year-over-year increase of 6.3%.
• The company has declared a quarterly dividend of $1.54 per share, which reflects an annualized dividend yield of 2.0%, with a payout ratio currently at 61.72%.

Lansforsakringar Fondforvaltning AB publ decreased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 3.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,195 shares of the business services provider's stock after selling 4,524 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Automatic Data Processing were worth $40,695,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Sentinus LLC grew its position in shares of Automatic Data Processing by 2.3% during the fourth 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 grew its position in shares of Automatic Data Processing by 4.7% during the first 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 grew its position in shares of Automatic Data Processing by 1.0% during the first 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 grew its position in shares of Automatic Data Processing by 1.0% during the fourth 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 grew its position in shares of Automatic Data Processing by 2.4% during the first 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. Hedge funds and other institutional investors own 80.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group cut their target price 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. Royal Bank Of Canada reiterated a "sector perform" rating and set a $315.00 target price on shares of Automatic Data Processing in a research report on Thursday, June 5th. Mizuho increased their price target on Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a research note on Friday, June 13th. Stifel Nicolaus increased their price target on Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. Finally, Morgan Stanley increased their price target on Automatic Data Processing from $310.00 to $311.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $317.00.

Automatic Data Processing Trading Down 0.0%

Shares of NASDAQ:ADP traded down $0.05 during trading on Monday, hitting $304.05. The company had a trading volume of 1,106,856 shares, compared to its average volume of 1,436,462. The stock has a market cap of $123.15 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 2.78 and a beta of 0.82. Automatic Data Processing, Inc. has a one year low of $267.79 and a one year high of $329.93. The company has a fifty day simple moving average of $304.77 and a two-hundred day simple moving average of $305.49. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted 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 analyst estimates of $5.05 billion. During the same period last year, the company earned $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. As a group, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be issued a $1.54 dividend. The ex-dividend date is Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.0%. Automatic Data Processing's dividend payout ratio (DPR) is currently 61.72%.

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.