Automatic Data Processing, Inc. $ADP Shares Acquired by Avanza Fonder AB

Key Points

• Avanza Fonder AB increased its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 4.8% during Q2, now owning shares worth $8.95 million after acquiring an additional 1,329 shares.
• Institutional investors collectively own 80.03% of Automatic Data Processing's stock, with recent significant stakes purchased by GAMMA Investing LLC and Nuveen LLC.
• Automatic Data Processing recently announced a quarterly dividend of $1.54 per share, scheduled for payment on October 1st, representing an annualized yield of 2.1%.

Avanza Fonder AB increased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,008 shares of the business services provider's stock after acquiring an additional 1,329 shares during the quarter. Avanza Fonder AB's holdings in Automatic Data Processing were worth $8,946,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADP. Activest Wealth Management boosted its position in Automatic Data Processing by 2,600.0% during the first quarter. Activest Wealth Management now owns 81 shares of the business services provider's stock worth $25,000 after acquiring an additional 78 shares during the last quarter. Clarity Asset Management Inc. purchased a new position in Automatic Data Processing during the first quarter worth approximately $29,000. von Borstel & Associates Inc. purchased a new position in Automatic Data Processing during the first quarter worth approximately $30,000. Y.D. More Investments Ltd purchased a new position in Automatic Data Processing during the first quarter worth approximately $35,000. Finally, Abound Wealth Management lifted its position in Automatic Data Processing by 58.1% during the first quarter. Abound Wealth Management now owns 117 shares of the business services provider's stock worth $36,000 after buying an additional 43 shares in the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Don Mcguire sold 13,599 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was 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 of the company's stock, valued at $5,244,543.88. The trade was a 43.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David Foskett sold 1,373 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $407,190.61. Following the transaction, the vice president directly owned 11,781 shares of the company's stock, valued at $3,493,891.17. The trade was a 10.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,516 shares of company stock worth $15,632,410 over the last 90 days. 0.21% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ADP shares. Morgan Stanley lifted their price objective on Automatic Data Processing from $310.00 to $311.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Royal Bank Of Canada reiterated a "sector perform" rating and set a $315.00 price objective on shares of Automatic Data Processing in a research report on Thursday, June 5th. UBS Group reduced their price objective on Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 17th. BMO Capital Markets upgraded Automatic Data Processing to a "hold" rating and set a $340.00 price objective on the stock in a research report on Thursday, July 10th. Finally, Mizuho lifted their target price on Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a research report on Friday, June 13th. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Automatic Data Processing presently has an average rating of "Hold" and an average target price of $314.73.

Automatic Data Processing Trading Up 0.6%

NASDAQ:ADP traded up $1.66 on Monday, reaching $293.66. The company's stock had a trading volume of 2,134,587 shares, compared to its average volume of 1,738,775. Automatic Data Processing, Inc. has a 12-month low of $272.18 and a 12-month high of $329.93. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average price of $301.38 and a 200 day moving average price of $303.82. The firm has a market cap of $118.94 billion, a price-to-earnings ratio of 29.42, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, beating analysts' consensus estimates of $2.23 by $0.03. The company had revenue of $5.13 billion during the quarter, compared to analysts' expectations of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.Automatic Data Processing's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the business posted $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, equities analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be given a $1.54 dividend. This represents a $6.16 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, September 12th. Automatic Data Processing's payout ratio is currently 61.72%.

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.