Automatic Data Processing, Inc. $ADP Stock Holdings Increased by Invesco Ltd.

Invesco Ltd. boosted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 13.5% during the second quarter, HoldingsChannel.com reports. The firm owned 4,576,681 shares of the business services provider’s stock after acquiring an additional 544,968 shares during the period. Invesco Ltd.’s holdings in Automatic Data Processing were worth $1,411,449,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Automatic Data Processing during the 2nd quarter valued at $114,000. Groupe la Francaise grew its stake in Automatic Data Processing by 19.2% in the second quarter. Groupe la Francaise now owns 20,414 shares of the business services provider’s stock valued at $6,268,000 after purchasing an additional 3,288 shares in the last quarter. Pinkerton Wealth LLC increased its position in Automatic Data Processing by 1.0% in the 2nd quarter. Pinkerton Wealth LLC now owns 16,636 shares of the business services provider’s stock worth $5,131,000 after purchasing an additional 159 shares during the last quarter. Blueshift Asset Management LLC raised its stake in shares of Automatic Data Processing by 41.3% during the 2nd quarter. Blueshift Asset Management LLC now owns 1,383 shares of the business services provider’s stock worth $427,000 after purchasing an additional 404 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Automatic Data Processing by 49.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 290,588 shares of the business services provider’s stock worth $89,617,000 after purchasing an additional 96,088 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Price Performance

Shares of Automatic Data Processing stock opened at $257.18 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $270.79 and a 200-day simple moving average of $294.02. The stock has a market capitalization of $104.02 billion, a price-to-earnings ratio of 25.39 and a beta of 0.86. Automatic Data Processing, Inc. has a 1-year low of $247.18 and a 1-year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last posted 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 business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.14 billion. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. Automatic Data Processing’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $2.33 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be given a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $6.80 annualized dividend and a dividend yield of 2.6%. This is a boost from Automatic Data Processing’s previous quarterly dividend of $1.54. Automatic Data Processing’s payout ratio is presently 60.81%.

Insider Activity

In other Automatic Data Processing news, VP Michael A. Bonarti sold 8,728 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total value of $2,604,697.04. Following the sale, the vice president 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 available through this link. Also, VP Christopher D’ambrosio sold 597 shares of Automatic Data Processing stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total value of $177,249.30. Following the completion of the transaction, the vice president directly owned 10,541 shares in the company, valued at approximately $3,129,622.90. This represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. 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 note on Thursday, October 30th. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Citigroup began coverage on shares of 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. Weiss Ratings lowered shares of Automatic Data Processing from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Finally, Wells Fargo & Company decreased their price objective on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price 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.