BDF Gestion Has $5.16 Million Stock Holdings in Automatic Data Processing, Inc. $ADP

Key Points

• BDF Gestion has reduced its stake in Automatic Data Processing, Inc. (ADP) by 9.8%, now holding 16,728 shares worth approximately $5.16 million.
• The company reported a quarterly earnings per share of $2.26, surpassing analysts' expectations, and its revenue increased by 6.3% year-over-year.
• ADP declared a quarterly dividend of $1.54 per share, resulting in an annualized yield of 2.1% for shareholders, with a payout ratio of 61.72%.

BDF Gestion lowered its position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 9.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 16,728 shares of the business services provider's stock after selling 1,824 shares during the period. BDF Gestion's holdings in Automatic Data Processing were worth $5,159,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Marshall & Sullivan Inc. WA purchased a new position in shares of Automatic Data Processing during the second quarter worth approximately $39,000. Global X Japan Co. Ltd. boosted its position in shares of Automatic Data Processing by 3.1% during the second quarter. Global X Japan Co. Ltd. now owns 2,101 shares of the business services provider's stock worth $648,000 after acquiring an additional 63 shares during the last quarter. Brendel Financial Advisors LLC raised its stake in shares of Automatic Data Processing by 966.3% in the second quarter. Brendel Financial Advisors LLC now owns 12,049 shares of the business services provider's stock valued at $3,716,000 after acquiring an additional 10,919 shares during the period. Assenagon Asset Management S.A. increased its stake in Automatic Data Processing by 1,362.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 211,646 shares of the business services provider's stock worth $65,272,000 after buying an additional 197,171 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Automatic Data Processing by 29.0% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,559 shares of the business services provider's stock valued at $1,097,000 after buying an additional 800 shares in the last quarter. Institutional investors own 80.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Mizuho increased their target price 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. BMO Capital Markets raised Automatic Data Processing to a "hold" rating and set a $340.00 price objective for the company in a report on Thursday, July 10th. UBS Group dropped their price target on Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating for the company in a research report on Wednesday. Dbs Bank upgraded Automatic Data Processing to a "hold" rating in a report on Thursday, August 21st. Finally, Stifel Nicolaus boosted their price target on Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $314.73.

Automatic Data Processing Stock Up 0.4%

Shares of Automatic Data Processing stock traded up $1.05 during trading on Friday, reaching $292.00. The stock had a trading volume of 4,039,574 shares, compared to its average volume of 1,719,206. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock has a fifty day moving average price of $301.38 and a two-hundred day moving average price of $303.82. The company has a market capitalization of $118.27 billion, a price-to-earnings ratio of 29.26, a P/E/G ratio of 2.67 and a beta of 0.82. Automatic Data Processing, Inc. has a 52 week low of $272.18 and a 52 week high of $329.93.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $5.05 billion. During the same period in the previous year, the firm earned $2.09 EPS. The company's quarterly revenue was up 6.3% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Sell-side analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, September 12th. This represents a $6.16 annualized dividend and a dividend yield of 2.1%. Automatic Data Processing's dividend payout ratio (DPR) is presently 61.72%.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Don Mcguire sold 13,599 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $4,033,055.43. Following the completion of the transaction, the vice president directly owned 17,684 shares in the company, valued at approximately $5,244,543.88. This represents a 43.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Michael A. Bonarti sold 8,728 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the completion of the transaction, the vice president owned 80,531 shares in the company, valued at $24,032,866.33. This represents a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,516 shares of company stock worth $15,632,410. Company insiders own 0.21% of the company's stock.

Automatic Data Processing Company 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.