Automatic Data Processing, Inc. $ADP Stock Holdings Increased by S&CO Inc.

S&CO Inc. raised its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 208,215 shares of the business services provider’s stock after buying an additional 2,650 shares during the period. Automatic Data Processing makes up approximately 4.1% of S&CO Inc.’s holdings, making the stock its 3rd largest holding. S&CO Inc. owned about 0.05% of Automatic Data Processing worth $64,213,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ADP. AlphaCore Capital LLC acquired a new stake in shares of Automatic Data Processing during the 1st quarter worth about $688,000. Advisory Alpha LLC lifted its stake in shares of Automatic Data Processing by 130.2% during the first quarter. Advisory Alpha LLC now owns 4,416 shares of the business services provider’s stock valued at $1,349,000 after buying an additional 2,498 shares during the period. Meiji Yasuda Life Insurance Co boosted its position in Automatic Data Processing by 4.4% during the first quarter. Meiji Yasuda Life Insurance Co now owns 32,478 shares of the business services provider’s stock worth $9,923,000 after acquiring an additional 1,375 shares during the last quarter. MGO One Seven LLC grew its stake in Automatic Data Processing by 18.3% in the 2nd quarter. MGO One Seven LLC now owns 13,578 shares of the business services provider’s stock worth $4,187,000 after acquiring an additional 2,105 shares during the period. Finally, Morningstar Investment Management LLC purchased a new stake in Automatic Data Processing in the 2nd quarter worth approximately $1,795,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $254.16 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 1.05. Automatic Data Processing, Inc. has a 1-year low of $249.68 and a 1-year high of $329.93. The firm has a market capitalization of $102.79 billion, a P/E ratio of 25.09, a P/E/G ratio of 2.39 and a beta of 0.86. The business’s 50-day simple moving average is $284.90 and its 200-day simple moving average is $300.08.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ADP shares. Wells Fargo & Company decreased their price objective on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Automatic Data Processing in a research report on Wednesday, October 8th. Citigroup assumed coverage on 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. Stifel Nicolaus upped their price objective on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Finally, UBS Group cut their price objective on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $312.67.

Insider Buying and Selling

In other news, VP Christopher D’ambrosio sold 597 shares of the firm’s stock in a transaction 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 transaction, the vice president owned 10,541 shares of the company’s stock, valued at approximately $3,129,622.90. This trade represents a 5.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Don Mcguire sold 13,599 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 $4,033,055.43. Following the sale, the vice president directly owned 17,684 shares of the company’s stock, valued at approximately $5,244,543.88. This trade represents a 43.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 52,516 shares of company stock valued at $15,632,410. 0.20% of the stock is owned by corporate insiders.

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.