Automatic Data Processing, Inc. $ADP Shares Purchased by Marshall Wace LLP

Marshall Wace LLP raised its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 130.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 498,333 shares of the business services provider’s stock after buying an additional 282,020 shares during the quarter. Marshall Wace LLP owned about 0.12% of Automatic Data Processing worth $153,686,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. GeoWealth Management LLC raised its stake in Automatic Data Processing by 14.1% in the 2nd quarter. GeoWealth Management LLC now owns 3,759 shares of the business services provider’s stock valued at $1,159,000 after purchasing an additional 464 shares during the last quarter. Great Diamond Partners LLC raised its position in shares of Automatic Data Processing by 30.3% in the second quarter. Great Diamond Partners LLC now owns 14,922 shares of the business services provider’s stock valued at $4,602,000 after buying an additional 3,474 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Automatic Data Processing by 4.4% during the second quarter. First Trust Advisors LP now owns 2,053,075 shares of the business services provider’s stock valued at $633,168,000 after buying an additional 87,285 shares during the period. Guggenheim Capital LLC lifted its stake in shares of Automatic Data Processing by 18.2% during the second quarter. Guggenheim Capital LLC now owns 202,066 shares of the business services provider’s stock valued at $62,317,000 after buying an additional 31,144 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Automatic Data Processing by 5.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,925 shares of the business services provider’s stock worth $902,000 after acquiring an additional 145 shares during the last quarter. 80.03% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $259.40 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a fifty-two week low of $247.18 and a fifty-two week high of $329.93. The business has a 50 day moving average price of $269.57 and a two-hundred day moving average price of $293.55. The firm has a market cap of $104.91 billion, a PE ratio of 25.61 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.05. The company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.14 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.Automatic Data Processing’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.33 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Sell-side analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 12th will be issued a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $6.80 annualized dividend and a yield of 2.6%. This is an increase from Automatic Data Processing’s previous quarterly dividend of $1.54. Automatic Data Processing’s dividend payout ratio (DPR) is 60.81%.

Insider Activity

In related news, VP Michael A. Bonarti sold 8,728 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the completion of the transaction, the vice president owned 80,531 shares in the company, valued at $24,032,866.33. The trade was a 9.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Christopher D’ambrosio sold 597 shares of Automatic Data Processing 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 sale, the vice president directly owned 10,541 shares in the company, valued at approximately $3,129,622.90. This trade represents a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on ADP shares. UBS Group cut their price target on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. Wells Fargo & Company reduced their target price on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Weiss Ratings lowered Automatic Data Processing from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Citigroup initiated coverage on shares of Automatic Data Processing in a research note on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price objective for the company. Finally, Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $312.67.

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.