Automatic Data Processing, Inc. $ADP Shares Bought by Forsta AP Fonden

Forsta AP Fonden lifted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 131,700 shares of the business services provider’s stock after purchasing an additional 6,400 shares during the quarter. Forsta AP Fonden’s holdings in Automatic Data Processing were worth $40,616,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ADP. KBC Group NV boosted its stake in Automatic Data Processing by 6.4% in the 2nd quarter. KBC Group NV now owns 89,900 shares of the business services provider’s stock worth $27,725,000 after buying an additional 5,387 shares during the last quarter. Jupiter Asset Management Ltd. lifted its holdings in shares of Automatic Data Processing by 21.3% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 184,092 shares of the business services provider’s stock worth $56,774,000 after acquiring an additional 32,300 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Automatic Data Processing by 0.8% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 254,528 shares of the business services provider’s stock worth $78,496,000 after acquiring an additional 2,115 shares during the last quarter. Advyzon Investment Management LLC grew its holdings in Automatic Data Processing by 22.7% in the second quarter. Advyzon Investment Management LLC now owns 1,460 shares of the business services provider’s stock valued at $450,000 after purchasing an additional 270 shares during the period. Finally, Verus Capital Partners LLC increased its position in Automatic Data Processing by 14.6% during the second quarter. Verus Capital Partners LLC now owns 1,437 shares of the business services provider’s stock worth $443,000 after purchasing an additional 183 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Trading Up 0.4%

Shares of ADP opened at $255.20 on Wednesday. Automatic Data Processing, Inc. has a 12 month low of $249.68 and a 12 month high of $329.93. The stock’s 50-day moving average is $283.00 and its two-hundred day moving average is $299.54. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $103.22 billion, a PE ratio of 25.19, a P/E/G ratio of 2.39 and a beta of 0.86.

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

Insider Activity at Automatic Data Processing

In related news, VP Don Mcguire sold 13,599 shares of Automatic Data Processing stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $4,033,055.43. Following the sale, the vice president owned 17,684 shares of the company’s stock, valued at $5,244,543.88. The trade was a 43.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David Foskett sold 1,373 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 52,516 shares of company stock valued at $15,632,410. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Citigroup began coverage on shares of Automatic Data Processing in a report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price target on the stock. Stifel Nicolaus lifted their target price on Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. lowered their price target on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. Weiss Ratings restated a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. Finally, UBS Group reduced their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Automatic Data Processing has a consensus rating of “Hold” and a consensus target price of $312.67.

About Automatic Data Processing

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.