BI Asset Management Fondsmaeglerselskab A S Acquires 102,504 Shares of Automatic Data Processing, Inc. $ADP

Key Points

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BI Asset Management Fondsmaeglerselskab A S raised its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 111.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,555 shares of the business services provider's stock after purchasing an additional 102,504 shares during the period. Automatic Data Processing makes up approximately 0.7% of BI Asset Management Fondsmaeglerselskab A S's holdings, making the stock its 29th biggest position. BI Asset Management Fondsmaeglerselskab A S's holdings in Automatic Data Processing were worth $59,442,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. von Borstel & Associates Inc. bought a new position in shares of Automatic Data Processing during the 1st quarter worth about $30,000. Main Street Group LTD lifted its holdings in shares of Automatic Data Processing by 50.7% during the 4th quarter. Main Street Group LTD now owns 113 shares of the business services provider's stock worth $33,000 after acquiring an additional 38 shares during the period. Y.D. More Investments Ltd bought a new position in shares of Automatic Data Processing during the 1st quarter worth about $35,000. Abound Wealth Management lifted its holdings in shares of Automatic Data Processing by 58.1% during the 1st quarter. Abound Wealth Management now owns 117 shares of the business services provider's stock worth $36,000 after acquiring an additional 43 shares during the period. Finally, Banque de Luxembourg S.A. bought a new position in shares of Automatic Data Processing during the 4th quarter worth about $37,000. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Price Performance

ADP traded up $3.01 during midday trading on Friday, hitting $307.95. The company had a trading volume of 1,150,918 shares, compared to its average volume of 1,571,763. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $124.73 billion, a PE ratio of 30.86, a P/E/G ratio of 2.79 and a beta of 0.81. Automatic Data Processing, Inc. has a twelve month low of $267.79 and a twelve month high of $329.93. The firm's 50-day simple moving average is $305.10 and its 200-day simple moving average is $305.65.

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 for the quarter, beating the consensus estimate 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%. The company's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.09 EPS. 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 fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed 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 2.0%. The ex-dividend date is Friday, September 12th. Automatic Data Processing's dividend payout ratio (DPR) is presently 61.72%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. BMO Capital Markets raised shares of Automatic Data Processing to a "hold" rating and set a $340.00 price objective for the company in a report on Thursday, July 10th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $315.00 price objective on shares of Automatic Data Processing in a report on Thursday, June 5th. Mizuho increased their target price on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a research report on Friday, June 13th. Stifel Nicolaus increased their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. Finally, Dbs Bank upgraded shares of Automatic Data Processing to a "hold" rating in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $317.00.

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.