PFG Advisors Has $5.84 Million Stock Position in Automatic Data Processing, Inc. $ADP

PFG Advisors lifted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 21.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,929 shares of the business services provider’s stock after purchasing an additional 3,313 shares during the quarter. PFG Advisors’ holdings in Automatic Data Processing were worth $5,838,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of Automatic Data Processing during the first quarter valued at approximately $661,771,000. Mackenzie Financial Corp raised its holdings in Automatic Data Processing by 128.1% during the first quarter. Mackenzie Financial Corp now owns 1,585,704 shares of the business services provider’s stock worth $484,480,000 after buying an additional 890,440 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Automatic Data Processing by 15.7% during the first quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider’s stock worth $1,348,805,000 after buying an additional 601,400 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Automatic Data Processing by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider’s stock valued at $934,647,000 after buying an additional 564,187 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Automatic Data Processing by 110.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 608,997 shares of the business services provider’s stock valued at $186,067,000 after buying an additional 319,132 shares during the last quarter. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Price Performance

ADP opened at $254.16 on Friday. Automatic Data Processing, Inc. has a fifty-two week low of $249.68 and a fifty-two week high of $329.93. The firm has a 50-day moving average of $284.90 and a 200 day moving average of $300.04. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $102.79 billion, a P/E ratio of 25.09, a PEG ratio of 2.39 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the previous year, the company earned $2.33 earnings per share. The company’s quarterly 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. On average, research analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Automatic Data Processing in a report on Wednesday, October 8th. 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. Stifel Nicolaus raised 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. Finally, Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $312.67.

Insiders Place Their Bets

In other Automatic Data Processing news, CEO Maria Black sold 23,605 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the completion of the transaction, the chief executive officer directly owned 76,161 shares of the company’s stock, valued at approximately $22,720,349.52. This represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph Desilva sold 4,614 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $1,368,373.98. Following the completion of the sale, the vice president directly owned 17,536 shares of the company’s stock, valued at $5,200,651.52. This represents a 20.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 52,516 shares of company stock valued at $15,632,410 in the last quarter. 0.20% of the stock is currently owned by company insiders.

Automatic Data Processing 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.