Nisa Investment Advisors LLC Increases Stock Position in Automatic Data Processing, Inc. $ADP

Nisa Investment Advisors LLC grew its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 68.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 326,575 shares of the business services provider’s stock after acquiring an additional 132,452 shares during the period. Automatic Data Processing comprises 0.5% of Nisa Investment Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Nisa Investment Advisors LLC owned approximately 0.08% of Automatic Data Processing worth $101,008,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Automatic Data Processing by 0.5% in the first quarter. Vanguard Group Inc. now owns 40,949,884 shares of the business services provider’s stock valued at $12,511,418,000 after purchasing an additional 218,614 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Automatic Data Processing by 15.7% in the first quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider’s stock valued at $1,348,805,000 after buying an additional 601,400 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Automatic Data Processing by 3.7% in the 1st quarter. Invesco Ltd. now owns 4,031,713 shares of the business services provider’s stock valued at $1,231,809,000 after buying an additional 145,161 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Automatic Data Processing by 2.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,848,307 shares of the business services provider’s stock worth $1,175,773,000 after acquiring an additional 77,296 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Automatic Data Processing by 22.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider’s stock valued at $934,647,000 after acquiring an additional 564,187 shares during the period. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $280.94 on Friday. 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 company has a fifty day simple moving average of $293.36 and a 200-day simple moving average of $302.22. The stock has a market cap of $113.81 billion, a P/E ratio of 28.15, a price-to-earnings-growth ratio of 2.57 and a beta of 0.82. Automatic Data Processing, Inc. has a 12-month low of $272.62 and a 12-month high of $329.93.

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

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were paid a dividend of $1.54 per share. The ex-dividend date was Friday, September 12th. This represents a $6.16 annualized dividend and a yield of 2.2%. Automatic Data Processing’s payout ratio is presently 61.72%.

Insider Transactions at Automatic Data Processing

In related news, VP Michael A. Bonarti sold 8,728 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total value of $2,604,697.04. Following the transaction, the vice president directly owned 80,531 shares of the company’s stock, valued at $24,032,866.33. This trade represents a 9.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David Foskett sold 1,373 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $407,190.61. Following the completion of the sale, the vice president directly owned 11,781 shares of the company’s stock, valued at approximately $3,493,891.17. This trade represents a 10.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,516 shares of company stock valued at $15,632,410 over the last three months. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Citigroup assumed coverage on shares of Automatic Data Processing in a research note on Thursday. They set a “neutral” rating and a $303.00 price target on the stock. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Wells Fargo & Company assumed coverage on shares of Automatic Data Processing in a report on Wednesday. They set an “underweight” rating and a $288.00 target price on the stock. BMO Capital Markets upgraded shares of Automatic Data Processing to a “hold” rating and set a $340.00 price target for the company in a research note on Thursday, July 10th. Finally, Morgan Stanley increased their price objective on Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $313.17.

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.