Van Hulzen Asset Management LLC Has $20.01 Million Stock Holdings in Automatic Data Processing, Inc. $ADP

Key Points

• Van Hulzen Asset Management LLC reduced its stake in Automatic Data Processing, Inc. by 15.9% during the first quarter, now holding 65,498 shares valued at $20 million.
• Automatic Data Processing reported a Q2 EPS of $2.26, exceeding analysts' expectations, and its revenue increased by 6.3% year-over-year to $5.13 billion.
• The company declared a $1.54 quarterly dividend with a yield of 2.0%, scheduled for payment on October 1st, reflecting a 61.72% payout ratio.

Van Hulzen Asset Management LLC reduced its position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 15.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,498 shares of the business services provider's stock after selling 12,397 shares during the period. Automatic Data Processing comprises approximately 1.8% of Van Hulzen Asset Management LLC's holdings, making the stock its 11th largest position. Van Hulzen Asset Management LLC's holdings in Automatic Data Processing were worth $20,012,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ADP. Brighton Jones LLC increased its position in shares of Automatic Data Processing by 92.1% in the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider's stock worth $2,935,000 after acquiring an additional 4,808 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in shares of Automatic Data Processing during the fourth quarter worth approximately $957,000. MGO One Seven LLC boosted its holdings in shares of Automatic Data Processing by 38.9% during the fourth quarter. MGO One Seven LLC now owns 9,814 shares of the business services provider's stock worth $2,873,000 after purchasing an additional 2,749 shares during the period. Burling Wealth Partners LLC acquired a new stake in shares of Automatic Data Processing during the fourth quarter worth approximately $449,000. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of Automatic Data Processing by 1.8% during the fourth quarter. Integrated Wealth Concepts LLC now owns 11,020 shares of the business services provider's stock worth $3,226,000 after purchasing an additional 194 shares during the period. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Stock Up 1.0%

NASDAQ:ADP traded up $3.01 during trading hours on Friday, reaching $307.95. The company's stock had a trading volume of 1,150,918 shares, compared to its average volume of 1,580,948. The company has a market cap of $124.73 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 2.82 and a beta of 0.81. Automatic Data Processing, Inc. has a one year low of $267.79 and a one year high of $329.93. The business's 50-day moving average is $305.10 and its 200-day moving average is $305.61. 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 issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.23 by $0.03. The firm had revenue of $5.13 billion during the quarter, compared to analysts' expectations of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. Automatic Data Processing's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS 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. Shareholders of record on Friday, September 12th will be issued a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, September 12th. Automatic Data Processing's dividend payout ratio (DPR) is 61.72%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Dbs Bank upgraded shares of Automatic Data Processing to a "hold" rating in a report on Thursday. Mizuho raised their price target on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a report on Friday, June 13th. Morgan Stanley raised their price target on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. TD Securities raised their price target on shares of Automatic Data Processing from $298.00 to $321.00 and gave the stock a "hold" rating in a report on Wednesday, May 21st. Finally, UBS Group decreased their price target on shares of Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating for the company in a report on Friday, June 13th. Two research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target 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.