Profund Advisors LLC Acquires 4,725 Shares of Automatic Data Processing, Inc. $ADP

Profund Advisors LLC increased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 15.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,418 shares of the business services provider’s stock after purchasing an additional 4,725 shares during the period. Profund Advisors LLC’s holdings in Automatic Data Processing were worth $10,923,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Activest Wealth Management raised its position in shares of Automatic Data Processing by 2,600.0% in the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 78 shares during the period. Harbor Asset Planning Inc. bought a new stake in Automatic Data Processing in the second quarter valued at approximately $26,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Automatic Data Processing in the second quarter worth $26,000. Solstein Capital LLC acquired a new stake in Automatic Data Processing in the second quarter worth $28,000. Finally, Westside Investment Management Inc. boosted its position in shares of Automatic Data Processing by 80.0% during the second quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock worth $28,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Activity

In other news, CEO Maria Black sold 23,605 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the sale, the chief executive officer owned 76,161 shares in the company, valued at $22,720,349.52. This represents a 23.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP David Foskett sold 1,373 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $407,190.61. Following the completion of the sale, the vice president directly owned 11,781 shares of the company’s stock, valued at approximately $3,493,891.17. The trade was a 10.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 52,516 shares of company stock worth $15,632,410. Corporate insiders own 0.20% of the company’s stock.

Automatic Data Processing Stock Up 0.7%

Automatic Data Processing stock opened at $254.16 on Friday. The company has a fifty day simple moving average of $284.90 and a 200 day simple moving average of $300.04. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a 1-year low of $249.68 and a 1-year high of $329.93. The company has a market cap of $102.79 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 2.39 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.05. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The company had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter last year, the company earned $2.33 EPS. Automatic Data Processing’s revenue for the quarter was up 7.1% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ADP has been the subject of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Automatic Data Processing in a research report on Wednesday, October 8th. Dbs Bank raised Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Stifel Nicolaus lifted their price objective on Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a report on Thursday, July 31st. Wells Fargo & Company lowered their target price on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Finally, Citigroup began coverage on shares of Automatic Data Processing in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $312.67.

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.