Robeco Institutional Asset Management B.V. Purchases 309,061 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Automatic Data Processing, Inc. by 90.8% during Q2, acquiring 309,061 shares for a total of $200 million.
• Institutional investors own approximately 80.03% of the stock, with notable increases from firms like Vanguard and Goldman Sachs this year.
• Automatic Data Processing recently announced a quarterly dividend of $1.54 per share, representing an annualized dividend of $6.16 and a 2.1% yield.

Robeco Institutional Asset Management B.V. increased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 90.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 649,511 shares of the business services provider's stock after acquiring an additional 309,061 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.16% of Automatic Data Processing worth $200,309,000 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 the stock. Vanguard Group Inc. lifted its stake in shares of Automatic Data Processing by 0.5% in the first quarter. Vanguard Group Inc. now owns 40,949,884 shares of the business services provider's stock worth $12,511,418,000 after acquiring an additional 218,614 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Automatic Data Processing by 15.7% in the first quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider's stock worth $1,348,805,000 after acquiring an additional 601,400 shares during the period. Invesco Ltd. lifted its stake in shares of Automatic Data Processing by 3.7% in the first quarter. Invesco Ltd. now owns 4,031,713 shares of the business services provider's stock worth $1,231,809,000 after acquiring an additional 145,161 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Automatic Data Processing by 2.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,848,307 shares of the business services provider's stock worth $1,175,773,000 after acquiring an additional 77,296 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Automatic Data Processing by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider's stock worth $934,647,000 after acquiring an additional 564,187 shares during the period. 80.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Joseph Desilva sold 4,614 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $1,368,373.98. Following the completion of the sale, the vice president owned 17,536 shares in the company, valued at approximately $5,200,651.52. This represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP David Foskett sold 1,373 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $407,190.61. Following the sale, the vice president owned 11,781 shares of the company's stock, valued at $3,493,891.17. This trade represents a 10.44% decrease in their position. 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. Corporate insiders own 0.20% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on ADP. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $315.00 price objective on shares of Automatic Data Processing in a research note on Thursday, June 5th. Morgan Stanley boosted their price target 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. Dbs Bank raised Automatic Data Processing to a "hold" rating in a research note on Thursday, August 21st. BMO Capital Markets raised Automatic Data Processing to a "hold" rating and set a $340.00 price target on the stock in a research note on Thursday, July 10th. Finally, Mizuho boosted 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. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Automatic Data Processing currently has an average rating of "Hold" and a consensus price target of $316.70.

Automatic Data Processing Trading Down 0.6%

NASDAQ ADP opened at $291.61 on Thursday. The company has a market cap of $118.13 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 2.69 and a beta of 0.82. Automatic Data Processing, Inc. has a 52 week low of $272.62 and a 52 week high of $329.93. The business has a 50 day moving average price of $299.76 and a 200-day moving average price of $303.45. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, beating the consensus estimate of $2.23 by $0.03. The firm had revenue of $5.13 billion during 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 quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, equities analysts expect 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 was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were issued a dividend of $1.54 per share. The ex-dividend date was Friday, September 12th. This represents a $6.16 annualized dividend and a dividend yield of 2.1%. Automatic Data Processing's payout ratio is currently 61.72%.

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.

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