MASTERINVEST Kapitalanlage GmbH Purchases 2,331 Shares of Automatic Data Processing, Inc. $ADP

MASTERINVEST Kapitalanlage GmbH raised its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 9.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 25,994 shares of the business services provider’s stock after purchasing an additional 2,331 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in Automatic Data Processing were worth $7,629,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Harbor Asset Planning Inc. purchased a new position in shares of Automatic Data Processing in the second quarter valued at $26,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Automatic Data Processing during the second quarter valued at $26,000. Howard Hughes Medical Institute purchased a new stake in Automatic Data Processing during the second quarter valued at $27,000. Solstein Capital LLC bought a new position in Automatic Data Processing during the second quarter valued at $28,000. Finally, Westside Investment Management Inc. grew its stake in shares of Automatic Data Processing by 80.0% in the 2nd quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock worth $28,000 after buying an additional 40 shares in the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 29th. Wells Fargo & Company reduced their price objective on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a research note on Thursday, October 30th. UBS Group lowered their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. Citigroup started coverage on Automatic Data Processing in a report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 target price for the company. Finally, Jefferies Financial Group restated an “underperform” rating and set a $230.00 price target (down previously from $245.00) on shares of Automatic Data Processing in a report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $306.42.

Automatic Data Processing Stock Up 0.1%

Shares of NASDAQ ADP opened at $266.02 on Friday. Automatic Data Processing, Inc. has a 1 year low of $247.18 and a 1 year high of $329.93. The firm has a 50-day simple moving average of $257.60 and a two-hundred day simple moving average of $283.13. The company has a market cap of $107.59 billion, a P/E ratio of 26.26 and a beta of 0.86. 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 (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, topping 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 firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the prior year, the business posted $2.33 earnings per share. The company’s revenue for the quarter 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. Research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Friday, December 12th were paid a $1.70 dividend. The ex-dividend date was Friday, December 12th. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $1.54. This represents a $6.80 dividend on an annualized basis and a yield of 2.6%. Automatic Data Processing’s payout ratio is 67.13%.

Insider Buying and Selling at Automatic Data Processing

In other news, VP David Kwon sold 900 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $260.00, for a total transaction of $234,000.00. Following the completion of the sale, the vice president directly owned 11,993 shares of the company’s stock, valued at approximately $3,118,180. The trade was a 6.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

About Automatic Data Processing

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.