Point72 Europe London LLP Sells 11,200 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• Point72 Europe London LLP reduced its stake in Automatic Data Processing, Inc. by 27.5%, selling 11,200 shares and leaving it with a total of 29,500 shares valued at approximately $9 million.
• Several other institutional investors are actively buying and selling shares of ADP, with 80.03% of the company's stock currently held by institutional investors.
• The company recently announced a quarterly dividend of $1.54 per share, which reflects a 2.0% yield based on an annual payout of $6.16.

Point72 Europe London LLP cut its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 27.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,500 shares of the business services provider's stock after selling 11,200 shares during the period. Point72 Europe London LLP's holdings in Automatic Data Processing were worth $9,013,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Sentinus LLC boosted its position in shares of Automatic Data Processing by 2.3% during the fourth quarter. Sentinus LLC now owns 1,548 shares of the business services provider's stock valued at $453,000 after buying an additional 35 shares during the last quarter. Syntegra Private Wealth Group LLC boosted its position in shares of Automatic Data Processing by 4.7% during the first quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider's stock valued at $238,000 after buying an additional 35 shares during the last quarter. Transamerica Financial Advisors LLC boosted its position in shares of Automatic Data Processing by 1.0% during the first quarter. Transamerica Financial Advisors LLC now owns 3,371 shares of the business services provider's stock valued at $1,030,000 after buying an additional 35 shares during the last quarter. Detalus Advisors LLC boosted its position in shares of Automatic Data Processing by 2.4% during the first quarter. Detalus Advisors LLC now owns 1,566 shares of the business services provider's stock valued at $478,000 after buying an additional 37 shares during the last quarter. Finally, Main Street Group LTD boosted its position in shares of Automatic Data Processing by 50.7% during the fourth quarter. Main Street Group LTD now owns 113 shares of the business services provider's stock valued at $33,000 after buying an additional 38 shares during the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ADP has been the topic of several recent analyst reports. Mizuho increased their price objective on Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a research report on Friday, June 13th. Stifel Nicolaus raised their target price on Automatic Data Processing from $305.00 to $318.00 and gave the stock a "hold" rating in a research 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 research report on Thursday, June 5th. UBS Group dropped their target price on Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating on the stock in a research report on Friday, June 13th. Finally, TD Securities raised their target price on Automatic Data Processing from $298.00 to $321.00 and gave the stock a "hold" rating in a research report on Wednesday, May 21st. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $317.00.

Automatic Data Processing Stock Performance

Shares of NASDAQ ADP traded up $2.33 during trading on Thursday, hitting $301.19. The company had a trading volume of 1,656,749 shares, compared to its average volume of 1,717,516. The stock has a 50 day simple moving average of $304.42 and a 200 day simple moving average of $305.38. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. Automatic Data Processing, Inc. has a 12 month low of $267.79 and a 12 month high of $329.93. The firm has a market capitalization of $121.99 billion, a P/E ratio of 30.18, a price-to-earnings-growth ratio of 2.78 and a beta of 0.82.

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 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 firm had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter last year, the company earned $2.09 earnings per share. The business's revenue for the quarter 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. As a group, analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The firm 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 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 12th. Automatic Data Processing's dividend payout ratio (DPR) is 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.