Meiji Yasuda Life Insurance Co Raises Stock Holdings in Automatic Data Processing, Inc. $ADP

Key Points

• Meiji Yasuda Life Insurance Co increased its holdings in Automatic Data Processing, Inc. by 4.4%, owning a total of 32,478 shares valued at approximately $9,923,000 as of its latest SEC filing.
• Several other institutional investors also adjusted their positions in Automatic Data Processing, with Activest Wealth Management notably increasing its stake by 2,600%.
• Recent insider transactions revealed significant stock sales; VP Don McGuire sold 13,599 shares for over $4 million, reducing his ownership by 43.47%.

Meiji Yasuda Life Insurance Co raised its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 4.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,478 shares of the business services provider's stock after acquiring an additional 1,375 shares during the period. Meiji Yasuda Life Insurance Co's holdings in Automatic Data Processing were worth $9,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Activest Wealth Management boosted its position in shares of 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 valued at $25,000 after buying an additional 78 shares during the period. Clarity Asset Management Inc. purchased a new position in Automatic Data Processing during the 1st quarter valued at about $29,000. von Borstel & Associates Inc. purchased a new position in Automatic Data Processing during the 1st quarter valued at about $30,000. Main Street Group LTD raised its holdings in Automatic Data Processing by 50.7% in the fourth quarter. Main Street Group LTD now owns 113 shares of the business services provider's stock worth $33,000 after purchasing an additional 38 shares in the last quarter. Finally, Y.D. More Investments Ltd acquired a new stake in Automatic Data Processing in the first quarter valued at approximately $35,000. 80.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP Don Mcguire sold 13,599 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $4,033,055.43. Following the completion of the sale, the vice president directly owned 17,684 shares of the company's stock, valued at approximately $5,244,543.88. The trade was a 43.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David Foskett sold 1,373 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $407,190.61. Following the completion of the sale, 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 43,191 shares of company stock worth $12,850,464 over the last 90 days. Insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on ADP shares. Mizuho increased their price target on Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a research note on Friday, June 13th. TD Securities upped their price target on shares of Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a report on Wednesday, May 21st. BMO Capital Markets upgraded shares of Automatic Data Processing to a "hold" rating and set a $340.00 price target on the stock in a research report on Thursday, July 10th. Stifel Nicolaus raised their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. Finally, UBS Group cut 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 given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $317.00.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $295.97 on Monday. 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 stock has a market capitalization of $119.88 billion, a P/E ratio of 29.66, a PEG ratio of 2.71 and a beta of 0.82. The company has a 50 day moving average price of $304.24 and a 200 day moving average price of $305.13. Automatic Data Processing, Inc. has a fifty-two week low of $267.79 and a fifty-two 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 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%. The business's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The company 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 dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, September 12th. Automatic Data Processing's dividend payout ratio is presently 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.

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