Automatic Data Processing, Inc. $ADP Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 7.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,806 shares of the business services provider’s stock after acquiring an additional 9,009 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Automatic Data Processing were worth $40,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. F m Investments LLC raised its stake in Automatic Data Processing by 1.4% during the second quarter. F m Investments LLC now owns 18,081 shares of the business services provider’s stock worth $5,576,000 after purchasing an additional 246 shares during the period. Norges Bank acquired a new stake in shares of Automatic Data Processing during the 2nd quarter worth approximately $696,841,000. Scotia Capital Inc. raised its position in shares of Automatic Data Processing by 1.1% during the 2nd quarter. Scotia Capital Inc. now owns 4,329 shares of the business services provider’s stock valued at $1,335,000 after buying an additional 49 shares during the period. Hsbc Holdings PLC lifted its holdings in Automatic Data Processing by 2.5% in the second quarter. Hsbc Holdings PLC now owns 1,181,359 shares of the business services provider’s stock valued at $363,554,000 after acquiring an additional 28,657 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Automatic Data Processing by 2.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 49,136 shares of the business services provider’s stock valued at $15,154,000 after purchasing an additional 1,320 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Insider Activity

In other news, VP Joseph Desilva sold 4,614 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were 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 approximately $5,200,651.52. This represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Don Mcguire sold 13,599 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $4,033,055.43. Following the transaction, the vice president directly owned 17,684 shares in the company, valued at approximately $5,244,543.88. This represents a 43.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 52,516 shares of company stock worth $15,632,410 over the last 90 days. 0.20% of the stock is owned by corporate insiders.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $254.33 on Friday. The stock’s 50-day moving average is $272.92 and its two-hundred day moving average is $295.45. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.05. Automatic Data Processing, Inc. has a 1 year low of $247.18 and a 1 year high of $329.93. The firm has a market cap of $102.86 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 2.39 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.05. The firm had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.14 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.33 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be given a $1.70 dividend. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $1.54. The ex-dividend date is Friday, December 12th. This represents a $6.80 annualized dividend and a yield of 2.7%. Automatic Data Processing’s payout ratio is currently 67.13%.

Analyst Ratings Changes

A number of research analysts have commented on ADP shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Automatic Data Processing in a research report on Tuesday. UBS Group cut their target price on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. Citigroup began coverage on Automatic Data Processing in a research note on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price target on the stock. Dbs Bank raised Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Finally, JPMorgan Chase & Co. decreased their target price on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a research note on Thursday, October 30th. Three 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $312.67.

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.