Seilern Investment Management Ltd Decreases Stake in Automatic Data Processing, Inc. $ADP

Seilern Investment Management Ltd lessened its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 22.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,408 shares of the business services provider’s stock after selling 2,368 shares during the period. Automatic Data Processing comprises 0.2% of Seilern Investment Management Ltd’s investment portfolio, making the stock its 21st biggest holding. Seilern Investment Management Ltd’s holdings in Automatic Data Processing were worth $1,883,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ADP. Imprint Wealth LLC purchased a new position in Automatic Data Processing in the third quarter valued at $25,000. Cornerstone Financial Management LLC acquired a new stake in Automatic Data Processing in the fourth quarter valued at $26,000. Bard Associates Inc. purchased a new stake in Automatic Data Processing during the 4th quarter worth about $28,000. Whipplewood Advisors LLC lifted its holdings in Automatic Data Processing by 2,740.0% during the 1st quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock worth $29,000 after buying an additional 137 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in shares of Automatic Data Processing during the 4th quarter worth about $33,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ADP has been the topic of several research analyst reports. Guggenheim raised their target price on Automatic Data Processing from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Robert W. Baird lowered their price target on Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. Argus dropped their price target on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Mizuho cut their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Finally, Wells Fargo & Company raised their price objective on shares of Automatic Data Processing from $248.00 to $283.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $273.50.

Insiders Place Their Bets

In other Automatic Data Processing news, VP David Kwon sold 2,414 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $265.62, for a total value of $641,206.68. Following the completion of the sale, the vice president owned 9,660 shares in the company, valued at approximately $2,565,889.20. The trade was a 19.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.20% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $271.32 on Friday. The stock’s 50-day moving average is $240.93 and its two-hundred day moving average is $224.99. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.05. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $310.08. The firm has a market cap of $107.78 billion, a price-to-earnings ratio of 24.80 and a beta of 0.81.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, July 29th. The business services provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.05. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.44 billion. Automatic Data Processing had a return on equity of 71.34% and a net margin of 20.11%.The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.26 EPS. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. Analysts predict that Automatic Data Processing, Inc. will post 12.26 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be given a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $6.80 annualized dividend and a yield of 2.5%. Automatic Data Processing’s payout ratio is 62.16%.

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.