Automatic Data Processing, Inc. $ADP Shares Acquired by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co lifted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 4.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,478 shares of the business services provider’s stock after buying an additional 1,375 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Automatic Data Processing were worth $9,923,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Coppell Advisory Solutions LLC boosted its stake in shares of Automatic Data Processing by 73.4% during the first quarter. Coppell Advisory Solutions LLC now owns 1,254 shares of the business services provider’s stock worth $371,000 after buying an additional 531 shares during the period. Arete Wealth Advisors LLC boosted its holdings in shares of Automatic Data Processing by 1.2% in the first quarter. Arete Wealth Advisors LLC now owns 4,356 shares of the business services provider’s stock valued at $1,331,000 after acquiring an additional 53 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Automatic Data Processing in the first quarter valued at about $33,536,000. Signature Estate & Investment Advisors LLC boosted its holdings in shares of Automatic Data Processing by 5.6% in the first quarter. Signature Estate & Investment Advisors LLC now owns 1,576 shares of the business services provider’s stock valued at $482,000 after acquiring an additional 84 shares in the last quarter. Finally, Hamilton Capital LLC boosted its holdings in shares of Automatic Data Processing by 31.1% in the first quarter. Hamilton Capital LLC now owns 940 shares of the business services provider’s stock valued at $287,000 after acquiring an additional 223 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Transactions at Automatic Data Processing

In other news, VP David Foskett sold 1,373 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 $407,190.61. Following the completion of the transaction, the vice president owned 11,781 shares in the company, valued at $3,493,891.17. This trade represents a 10.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Maria Black sold 23,605 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer owned 76,161 shares of the company’s stock, 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. In the last three months, insiders have sold 43,191 shares of company stock worth $12,850,464. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. TD Securities lifted their target price on shares of Automatic Data Processing from $298.00 to $321.00 and gave the company a “hold” rating in a report on Wednesday, May 21st. Mizuho lifted their target price on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a report on Friday, June 13th. Stifel Nicolaus lifted their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a report on Thursday, July 31st. UBS Group lowered their target price on shares of Automatic Data Processing from $323.00 to $315.00 and set a “neutral” rating on the stock in a report on Friday, June 13th. Finally, BMO Capital Markets raised shares of Automatic Data Processing to a “hold” rating and set a $340.00 target price on the stock in a report on Thursday, July 10th. Two research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $317.00.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $295.97 on Monday. Automatic Data Processing, Inc. has a fifty-two week low of $267.79 and a fifty-two week high of $329.93. The stock 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. The firm’s fifty day simple moving average is $304.24 and its 200-day simple moving average is $305.13. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same period last year, the business posted $2.09 EPS. Automatic Data Processing’s quarterly revenue 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. Analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

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

Automatic Data Processing Company 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.