Automatic Data Processing, Inc. $ADP Shares Sold by MetLife Investment Management LLC

Key Points

• MetLife Investment Management LLC reduced its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.9%, owning 122,365 shares valued at approximately $37.39 million after selling 2,366 shares in the first quarter.
• Automatic Data Processing reported a quarterly earnings EPS of $2.26, exceeding analyst expectations, with a revenue of $5.13 billion, which is a 6.3% increase year-over-year.
• The company announced a quarterly dividend of $1.54 per share, representing a 2.0% yield, payable on October 1st.

MetLife Investment Management LLC cut its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 1.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,365 shares of the business services provider's stock after selling 2,366 shares during the period. MetLife Investment Management LLC's holdings in Automatic Data Processing were worth $37,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in ADP. AlphaCore Capital LLC acquired a new position in Automatic Data Processing during the first quarter worth $688,000. Golden State Wealth Management LLC raised its stake in shares of Automatic Data Processing by 29.6% in the first quarter. Golden State Wealth Management LLC now owns 565 shares of the business services provider's stock valued at $173,000 after acquiring an additional 129 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Automatic Data Processing by 13.8% in the first quarter. GAMMA Investing LLC now owns 9,495 shares of the business services provider's stock valued at $2,901,000 after acquiring an additional 1,148 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Automatic Data Processing by 10.2% in the fourth quarter. Toronto Dominion Bank now owns 236,707 shares of the business services provider's stock valued at $69,290,000 after acquiring an additional 21,910 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Automatic Data Processing by 8.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 250,836 shares of the business services provider's stock valued at $76,638,000 after acquiring an additional 20,467 shares in the last quarter. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Automatic Data Processing Stock Performance

Shares of ADP traded up $0.30 during mid-day trading on Friday, hitting $304.40. 290,477 shares of the company's stock were exchanged, compared to its average volume of 1,717,312. Automatic Data Processing, Inc. has a fifty-two week low of $267.79 and a fifty-two week high of $329.93. The firm has a market capitalization of $123.29 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.78 and a beta of 0.81. The business's 50 day moving average is $304.81 and its two-hundred day moving average is $305.54. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.03. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The business had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter in the prior year, the firm earned $2.09 earnings per share. The business'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. On average, equities analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be given a $1.54 dividend. The ex-dividend date is Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a yield of 2.0%. Automatic Data Processing's dividend payout ratio (DPR) is presently 61.72%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ADP shares. UBS Group reduced their price objective on Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating on the stock in a research note on Friday, June 13th. Morgan Stanley increased their target price on Automatic Data Processing from $310.00 to $311.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Royal Bank Of Canada reissued a "sector perform" rating and issued a $315.00 target price on shares of Automatic Data Processing in a report on Thursday, June 5th. Mizuho increased their target price on Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a report on Friday, June 13th. Finally, Stifel Nicolaus increased their target price 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $317.00.

Automatic Data Processing 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.