B. Metzler seel. Sohn & Co. AG Buys 7,997 Shares of Automatic Data Processing, Inc. $ADP

B. Metzler seel. Sohn & Co. AG increased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 17.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,122 shares of the business services provider's stock after buying an additional 7,997 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Automatic Data Processing were worth $12,345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in Automatic Data Processing by 92.1% during the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider's stock valued at $2,935,000 after purchasing an additional 4,808 shares during the last quarter. Bison Wealth LLC boosted its holdings in Automatic Data Processing by 22.8% in the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider's stock worth $1,073,000 after buying an additional 681 shares during the period. Schnieders Capital Management LLC. grew its stake in Automatic Data Processing by 21.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,259 shares of the business services provider's stock valued at $388,000 after buying an additional 225 shares in the last quarter. Osterweis Capital Management Inc. bought a new stake in Automatic Data Processing during the 2nd quarter valued at $108,000. Finally, Diversify Advisory Services LLC raised its holdings in Automatic Data Processing by 17.5% during the 2nd quarter. Diversify Advisory Services LLC now owns 5,477 shares of the business services provider's stock valued at $1,641,000 after acquiring an additional 815 shares during the period. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Brian L. Michaud sold 120 shares of Automatic Data Processing stock in a transaction on Friday, August 21st. The shares were sold at an average price of $279.70, for a total value of $33,564.00. Following the transaction, the vice president owned 18,442 shares in the company, valued at $5,158,227.40. This trade represents a 0.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP David Kwon sold 798 shares of the business's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $280.00, for a total transaction of $223,440.00. Following the completion of the sale, the vice president directly owned 13,193 shares of the company's stock, valued at $3,694,040. This represents a 5.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 3,332 shares of company stock valued at $898,211. Company insiders own 0.20% of the company's stock.

Automatic Data Processing Price Performance

NASDAQ:ADP opened at $281.16 on Thursday. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $302.68. The stock has a fifty day moving average of $259.94 and a 200 day moving average of $229.37. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $111.69 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 2.57 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its earnings results on Wednesday, July 29th. The business services provider reported $2.64 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. Automatic Data Processing had a return on equity of 71.34% and a net margin of 20.11%.The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period in the prior year, the company earned $2.26 EPS. The company's quarterly revenue was up 6.8% compared to the same quarter last year. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. On average, research analysts expect that Automatic Data Processing, Inc. will post 12.26 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be paid a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $6.80 annualized dividend and a dividend yield of 2.4%. Automatic Data Processing's dividend payout ratio (DPR) is 62.16%.

Automatic Data Processing News Summary

Here are the key news stories impacting Automatic Data Processing this week:

• Positive Sentiment: Slower hiring could support expectations for lower interest rates, which may benefit high-quality, cash-generating companies such as ADP through lower discount rates. The U.S. dollar also weakened following the softer employment data. U.S. Dollar Slides Amid Softer ADP Data
• Neutral Sentiment: ADP’s National Employment Report showed private-sector employment increased by only 38,000 jobs in August, while base pay rose 3.2% and gross pay increased 4.7%. The report provides valuable labor-market data but is not a direct update to ADP’s operating results. ADP National Employment Report
• Negative Sentiment: The 38,000 jobs added fell short of the 47,000 consensus forecast and the prior month’s unrevised 44,000 increase, signaling further labor-market cooling. That weakness can weigh on investor expectations for employment-related demand and highlights ADP’s exposure to a slowing economy. ADP Brings 38K Private-Sector Jobs in August
• Negative Sentiment: Analyst coverage remains broadly neutral, with commentary noting that ADP has lagged the technology sector and that its valuation leaves limited room for disappointment. The stock’s elevated valuation and recent gains may be encouraging profit-taking after the weak labor reading. ADP Underperforming the Technology Sector

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Morgan Stanley increased their target price on Automatic Data Processing from $240.00 to $286.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 30th. Cantor Fitzgerald boosted their price objective on Automatic Data Processing from $295.00 to $310.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. Stifel Nicolaus increased their price objective on Automatic Data Processing from $260.00 to $285.00 and gave the stock a "hold" rating in a report on Thursday, July 30th. UBS Group raised their target price on Automatic Data Processing from $260.00 to $270.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 22nd. Finally, BMO Capital Markets lifted their target price on Automatic Data Processing from $248.00 to $305.00 and gave the company a "market perform" rating in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Automatic Data Processing has an average rating of "Hold" and an average target price of $273.50.

Automatic Data Processing Profile

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP's product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.

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