Automatic Data Processing, Inc. $ADP Shares Acquired by AGF Management Ltd.

AGF Management Ltd. increased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 4.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,866 shares of the business services provider’s stock after purchasing an additional 1,119 shares during the quarter. AGF Management Ltd.’s holdings in Automatic Data Processing were worth $7,360,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in Automatic Data Processing by 92.1% in the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock valued at $2,935,000 after acquiring an additional 4,808 shares in the last quarter. Bison Wealth LLC increased its position in shares of Automatic Data Processing by 22.8% in the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock valued at $1,073,000 after purchasing an additional 681 shares during the last quarter. MWA Asset Management lifted its position in shares of Automatic Data Processing by 5.2% during the 1st quarter. MWA Asset Management now owns 2,611 shares of the business services provider’s stock worth $798,000 after purchasing an additional 130 shares during the last quarter. IFC Advisors LLC raised its stake in Automatic Data Processing by 1.9% in the first quarter. IFC Advisors LLC now owns 5,264 shares of the business services provider’s stock valued at $1,608,000 after buying an additional 98 shares in the last quarter. Finally, Riversedge Advisors LLC boosted its position in shares of Automatic Data Processing by 9.6% during the 1st quarter. Riversedge Advisors LLC now owns 1,004 shares of the business services provider’s stock worth $307,000 after acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 0.7%

NASDAQ:ADP opened at $254.16 on Friday. Automatic Data Processing, Inc. has a 12-month low of $249.68 and a 12-month high of $329.93. 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 stock’s 50 day simple moving average is $284.90 and its 200-day simple moving average is $300.04. The firm has a market cap of $102.79 billion, a P/E ratio of 25.09, a PEG ratio of 2.39 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.05. The firm had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.14 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the company earned $2.33 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ADP. JPMorgan Chase & Co. cut their price objective on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Morgan Stanley raised their price objective on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Citigroup started coverage on Automatic Data Processing in a research report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 target price on the stock. Finally, Wells Fargo & Company decreased their target price on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Automatic Data Processing currently has an average rating of “Hold” and a consensus price target of $312.67.

Insider Buying and Selling at Automatic Data Processing

In related news, CEO Maria Black sold 23,605 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $298.32, for a total transaction of $7,041,843.60. Following the completion of the transaction, the chief executive officer directly owned 76,161 shares of the company’s stock, valued at $22,720,349.52. This represents a 23.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Don Mcguire sold 13,599 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $4,033,055.43. Following the completion of the sale, the vice president directly owned 17,684 shares of the company’s stock, valued at $5,244,543.88. This represents a 43.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 52,516 shares of company stock valued at $15,632,410. Insiders own 0.20% of the company’s stock.

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.