Roman Butler Fullerton & Co. Has $1.80 Million Stake in Automatic Data Processing, Inc. $ADP

Key Points

• Roman Butler Fullerton & Co. increased its stake in Automatic Data Processing, Inc. by 39.8%, bringing their holdings to approximately $1.80 million.
• Significant institutional investment is evident as 80.03% of the company's stock is owned by institutional investors and hedge funds.
• Automatic Data Processing recently reported a 6.3% year-over-year revenue increase of $5.13 billion, beating analysts' estimates.

Roman Butler Fullerton & Co. raised its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 39.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,844 shares of the business services provider's stock after buying an additional 1,665 shares during the period. Roman Butler Fullerton & Co.'s holdings in Automatic Data Processing were worth $1,804,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its position 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 valued at $12,511,418,000 after acquiring an additional 218,614 shares during the last quarter. Ameriprise Financial Inc. grew its stake in 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 valued at $1,348,805,000 after purchasing an additional 601,400 shares in the last quarter. Invesco Ltd. increased its position in shares of Automatic Data Processing by 3.7% during the 1st quarter. Invesco Ltd. now owns 4,031,713 shares of the business services provider's stock worth $1,231,809,000 after purchasing an additional 145,161 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Automatic Data Processing by 2.0% during the 1st 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 purchasing an additional 77,296 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Automatic Data Processing by 22.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider's stock worth $934,647,000 after purchasing an additional 564,187 shares in the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Automatic Data Processing news, VP Christopher D'ambrosio sold 597 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total value of $177,249.30. Following the completion of the transaction, the vice president directly owned 10,541 shares in the company, valued at approximately $3,129,622.90. This represents a 5.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David Foskett sold 1,373 shares of Automatic Data Processing stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $407,190.61. Following the transaction, the vice president owned 11,781 shares in the company, valued at approximately $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 ninety days, insiders sold 52,516 shares of company stock worth $15,632,410. Company insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

ADP has been the subject of several analyst reports. Wells Fargo & Company began coverage on shares of Automatic Data Processing in a research note on Wednesday. They issued an "underweight" rating and a $288.00 target price for the company. Dbs Bank raised shares of Automatic Data Processing to a "hold" rating in a research report on Thursday, August 21st. Stifel Nicolaus upped their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Morgan Stanley raised their target price on shares of 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. Finally, UBS Group lowered their price target on Automatic Data Processing from $315.00 to $290.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 17th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $314.09.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $283.95 on Thursday. The firm has a 50-day moving average price of $294.18 and a two-hundred day moving average price of $302.01. Automatic Data Processing, Inc. has a 12-month low of $272.62 and a 12-month high of $329.93. The company has a market capitalization of $115.03 billion, a P/E ratio of 28.45, a P/E/G ratio of 2.60 and a beta of 0.82. 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 results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.03. The company had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The firm's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.09 earnings per share. 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 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were issued a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, September 12th. Automatic Data Processing's payout ratio is presently 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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