Pensionfund Sabic Decreases Position in Automatic Data Processing, Inc. $ADP

Key Points

• Pensionfund Sabic has reduced its stake in Automatic Data Processing, Inc. (ADP) by 16.5%, selling 1,300 shares and now holds 6,600 shares valued at approximately $2,016,000.
• In recent transactions, corporate insiders sold a total of 52,516 shares worth around $15.6 million over the last 90 days.
• Automatic Data Processing declared a $1.54 quarterly dividend, yielding 2.1%, with the payment date set for October 1st.

Pensionfund Sabic cut its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 16.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,600 shares of the business services provider's stock after selling 1,300 shares during the quarter. Pensionfund Sabic's holdings in Automatic Data Processing were worth $2,016,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. AG2R LA Mondiale Gestion D Actifs purchased a new position in Automatic Data Processing during the first quarter valued at $4,933,000. Swedbank AB raised its stake in Automatic Data Processing by 0.9% during the first quarter. Swedbank AB now owns 238,543 shares of the business services provider's stock valued at $72,882,000 after buying an additional 2,086 shares during the last quarter. Voya Investment Management LLC raised its stake in Automatic Data Processing by 0.5% during the first quarter. Voya Investment Management LLC now owns 142,546 shares of the business services provider's stock valued at $43,552,000 after buying an additional 731 shares during the last quarter. Howe & Rusling Inc. raised its stake in Automatic Data Processing by 5.6% during the first quarter. Howe & Rusling Inc. now owns 1,557 shares of the business services provider's stock valued at $476,000 after buying an additional 83 shares during the last quarter. Finally, eCIO Inc. purchased a new position in Automatic Data Processing during the first quarter valued at $276,000. Hedge funds and other institutional investors own 80.03% of the company's stock.

Automatic Data Processing Stock Performance

Shares of ADP traded down $2.63 during trading hours on Monday, hitting $290.87. The stock had a trading volume of 1,290,448 shares, compared to its average volume of 1,420,960. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. Automatic Data Processing, Inc. has a 12 month low of $272.18 and a 12 month high of $329.93. The firm has a market capitalization of $117.81 billion, a PE ratio of 29.15, a PEG ratio of 2.69 and a beta of 0.82. The stock has a fifty day moving average price of $302.65 and a 200 day moving average price of $304.41.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its quarterly earnings data 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. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The company had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the previous year, the company posted $2.09 earnings per share. Automatic Data Processing's 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. Analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders 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 yield of 2.1%. The ex-dividend date of this dividend is Friday, September 12th. Automatic Data Processing's payout ratio is currently 61.72%.

Analysts Set New Price Targets

A number of research analysts have issued reports on ADP shares. Royal Bank Of Canada reiterated a "sector perform" rating and set a $315.00 price objective on shares of Automatic Data Processing in a research note on Thursday, June 5th. Dbs Bank upgraded Automatic Data Processing to a "hold" rating in a research note on Thursday, August 21st. TD Securities boosted their price target on Automatic Data Processing from $298.00 to $321.00 and gave the stock a "hold" rating in a research note on Wednesday, May 21st. UBS Group decreased their price target on Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating for the company in a research note on Friday, June 13th. Finally, Stifel Nicolaus boosted their price target on Automatic Data Processing from $305.00 to $318.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, Automatic Data Processing currently has a consensus rating of "Hold" and an average target price of $317.00.

Insider Transactions at Automatic Data Processing

In related news, VP Joseph Desilva sold 4,614 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 $1,368,373.98. Following the sale, the vice president directly owned 17,536 shares in the company, valued at approximately $5,200,651.52. The trade was a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 owned 17,684 shares in the company, valued at $5,244,543.88. This represents a 43.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,516 shares of company stock valued at $15,632,410. 0.21% of the stock is owned by corporate insiders.

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.