Northwest & Ethical Investments L.P. Has $33.77 Million Holdings in Automatic Data Processing, Inc. $ADP

Key Points

• Northwest & Ethical Investments L.P. increased its stake in Automatic Data Processing (ADP) by 9.1%, owning 110,513 shares worth approximately $33.77 million, making it the firm's 18th largest holding.
• Automatic Data Processing reported earnings per share (EPS) of $2.26, beating analyst estimates, with a revenue of $5.13 billion in its most recent quarter, reflecting a year-over-year growth of 6.3%.
• The company declared a quarterly dividend of $1.54 per share, with an upcoming payment date on October 1st, representing an annualized dividend yield of 2.0%.

Northwest & Ethical Investments L.P. raised its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 9.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,513 shares of the business services provider's stock after purchasing an additional 9,218 shares during the period. Automatic Data Processing accounts for about 0.9% of Northwest & Ethical Investments L.P.'s investment portfolio, making the stock its 18th largest position. Northwest & Ethical Investments L.P.'s holdings in Automatic Data Processing were worth $33,765,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADP. Brighton Jones LLC raised its stake in shares of Automatic Data Processing by 92.1% during the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider's stock worth $2,935,000 after purchasing an additional 4,808 shares in the last quarter. Bank Pictet & Cie Europe AG bought a new position in shares of Automatic Data Processing in the 4th quarter valued at approximately $957,000. Forum Financial Management LP raised its stake in shares of Automatic Data Processing by 11.4% in the 4th quarter. Forum Financial Management LP now owns 4,755 shares of the business services provider's stock valued at $1,392,000 after acquiring an additional 485 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Automatic Data Processing by 26.9% in the 4th quarter. Capital Research Global Investors now owns 6,136,763 shares of the business services provider's stock valued at $1,796,415,000 after acquiring an additional 1,299,390 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Automatic Data Processing in the 4th quarter valued at approximately $26,946,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ADP. BMO Capital Markets raised Automatic Data Processing to a "hold" rating and set a $340.00 price objective on the stock in a research note on Thursday, July 10th. Stifel Nicolaus raised their price objective on Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. Morgan Stanley raised their price objective on Automatic Data Processing from $310.00 to $311.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. UBS Group cut 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. Finally, Mizuho raised their price objective 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. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $314.33.

Automatic Data Processing Stock Performance

NASDAQ ADP traded up $3.07 during trading on Tuesday, hitting $305.72. The company's stock had a trading volume of 1,227,046 shares, compared to its average volume of 1,530,943. 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 firm has a 50 day moving average price of $305.24 and a 200 day moving average price of $305.62. The firm has a market cap of $123.83 billion, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 2.78 and a beta of 0.81. Automatic Data Processing, Inc. has a 52 week low of $263.42 and a 52 week high of $329.93.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping the consensus estimate of $2.23 by $0.03. The company had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The company's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.09 EPS. 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 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

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