UniSuper Management Pty Ltd Acquires 1,135 Shares of Automatic Data Processing, Inc. $ADP

UniSuper Management Pty Ltd boosted its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 151,387 shares of the business services provider’s stock after buying an additional 1,135 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Automatic Data Processing were worth $46,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in Automatic Data Processing by 92.1% during the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock valued at $2,935,000 after buying an additional 4,808 shares during the period. Bank Pictet & Cie Europe AG bought a new stake in Automatic Data Processing during the fourth quarter valued at $957,000. Bison Wealth LLC boosted its stake in Automatic Data Processing by 22.8% during the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 681 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Automatic Data Processing by 19.7% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,473 shares of the business services provider’s stock valued at $3,066,000 after buying an additional 1,721 shares during the period. Finally, Ensign Peak Advisors Inc boosted its stake in Automatic Data Processing by 5.0% during the fourth quarter. Ensign Peak Advisors Inc now owns 109,905 shares of the business services provider’s stock valued at $32,172,000 after buying an additional 5,228 shares during the period. 80.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Don Mcguire sold 13,599 shares of the business’s stock in a transaction dated 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 transaction, the vice president owned 17,684 shares in the company, valued at $5,244,543.88. The trade was a 43.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Maria Black sold 23,605 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $298.32, for a total value of $7,041,843.60. Following the transaction, the chief executive officer owned 76,161 shares in the company, valued at approximately $22,720,349.52. This represents a 23.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,191 shares of company stock worth $12,850,464 in the last quarter. 0.21% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ADP shares. 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 research note on Thursday, July 31st. TD Securities lifted their price target on Automatic Data Processing from $298.00 to $321.00 and gave the stock a “hold” rating in a research note on Wednesday, May 21st. Mizuho lifted their price target on Automatic Data Processing from $321.00 to $332.00 and gave the stock an “outperform” rating in a research note on Friday, June 13th. Morgan Stanley lifted their price target on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Finally, Dbs Bank raised Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $317.00.

Automatic Data Processing Trading Down 1.7%

NASDAQ ADP opened at $295.97 on Friday. Automatic Data Processing, Inc. has a 1-year low of $267.79 and a 1-year high of $329.93. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average of $304.24 and a 200-day moving average of $305.18. The firm has a market cap of $119.88 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 2.71 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.03. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The company had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the previous year, the company posted $2.09 EPS. Automatic Data Processing’s revenue for the quarter was up 6.3% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, sell-side analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be issued a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, September 12th. Automatic Data Processing’s payout ratio is currently 61.72%.

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.