Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Trims Stock Position in Automatic Data Processing, Inc. $ADP

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group decreased its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 24.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,817 shares of the business services provider’s stock after selling 890 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Automatic Data Processing were worth $869,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management raised its position in Automatic Data Processing by 2,600.0% in the first quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 78 shares during the period. Harbor Asset Planning Inc. purchased a new stake in Automatic Data Processing in the second quarter valued at approximately $26,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Automatic Data Processing in the second quarter valued at approximately $26,000. Solstein Capital LLC purchased a new stake in Automatic Data Processing in the second quarter valued at approximately $28,000. Finally, Clarity Asset Management Inc. purchased a new stake in Automatic Data Processing in the first quarter valued at approximately $29,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $280.94 on Monday. The company has a fifty day simple moving average of $293.36 and a two-hundred day simple moving average of $302.27. The company has a market cap of $113.81 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 2.57 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, Inc. has a 52 week low of $272.62 and a 52 week high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last posted 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 business 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 company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 anticipate 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 announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were paid a dividend of $1.54 per share. The ex-dividend date was Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.2%. Automatic Data Processing’s payout ratio is presently 61.72%.

Analyst Upgrades and Downgrades

ADP has been the topic of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a research report on Friday. Morgan Stanley boosted their target price on Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Wells Fargo & Company initiated coverage on shares of Automatic Data Processing in a research note on Wednesday, October 22nd. They issued an “underweight” rating and a $288.00 price target for the company. BMO Capital Markets upgraded shares of Automatic Data Processing to a “hold” rating and set a $340.00 price target for the company in a research note on Thursday, July 10th. Finally, Citigroup initiated coverage on shares of Automatic Data Processing in a research note on Thursday. They issued a “neutral” rating and a $303.00 price target for the company. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $313.17.

Insider Activity

In related news, VP David Foskett sold 1,373 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $407,190.61. Following the completion of the transaction, the vice president owned 11,781 shares in the company, valued at approximately $3,493,891.17. The trade was a 10.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Don Mcguire sold 13,599 shares of the business’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 $4,033,055.43. Following the transaction, the vice president owned 17,684 shares of the company’s stock, valued at approximately $5,244,543.88. The trade was a 43.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,516 shares of company stock valued at $15,632,410. Insiders own 0.20% of the company’s stock.

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.