Amundi Buys 619,829 Shares of Automatic Data Processing, Inc. $ADP

Amundi grew its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 24.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,109,120 shares of the business services provider’s stock after acquiring an additional 619,829 shares during the period. Amundi owned 0.77% of Automatic Data Processing worth $948,549,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SCS Capital Management LLC grew its stake in Automatic Data Processing by 1.3% in the second quarter. SCS Capital Management LLC now owns 9,352 shares of the business services provider’s stock worth $2,893,000 after purchasing an additional 116 shares in the last quarter. Marshall Wace LLP raised its position in Automatic Data Processing by 130.4% during the 2nd quarter. Marshall Wace LLP now owns 498,333 shares of the business services provider’s stock valued at $153,686,000 after purchasing an additional 282,020 shares in the last quarter. GeoWealth Management LLC grew its position in shares of Automatic Data Processing by 14.1% during the 2nd quarter. GeoWealth Management LLC now owns 3,759 shares of the business services provider’s stock worth $1,159,000 after buying an additional 464 shares in the last quarter. Great Diamond Partners LLC grew its position in shares of Automatic Data Processing by 30.3% during the 2nd quarter. Great Diamond Partners LLC now owns 14,922 shares of the business services provider’s stock worth $4,602,000 after buying an additional 3,474 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Automatic Data Processing by 4.4% during the second quarter. First Trust Advisors LP now owns 2,053,075 shares of the business services provider’s stock valued at $633,168,000 after buying an additional 87,285 shares during the period. 80.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Citigroup initiated coverage on shares of Automatic Data Processing in a report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 target price on the stock. JPMorgan Chase & Co. dropped 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 research note on Thursday, October 30th. UBS Group cut their price objective on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Wells Fargo & Company reduced 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 research note on Thursday, October 30th. Finally, Weiss Ratings downgraded Automatic Data Processing from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $312.67.

Insider Activity

In other Automatic Data Processing news, VP Michael A. Bonarti sold 8,728 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the sale, the vice president directly owned 80,531 shares of the company’s stock, valued at approximately $24,032,866.33. This trade represents a 9.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher D’ambrosio sold 597 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were 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 of the company’s stock, valued at approximately $3,129,622.90. This trade represents a 5.36% decrease in their position. The SEC filing for this sale provides additional information. 0.20% of the stock is currently owned by company insiders.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $259.40 on Friday. The business has a fifty day moving average of $269.57 and a 200 day moving average of $293.55. The firm has a market capitalization of $104.91 billion, a price-to-earnings ratio of 25.61 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. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.05. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The company had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same period last year, the firm posted $2.33 EPS. Automatic Data Processing’s revenue for the quarter was up 7.1% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, research 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 announced 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. This is a boost from Automatic Data Processing’s previous quarterly dividend of $1.54. This represents a $6.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, December 12th. Automatic Data Processing’s payout ratio is presently 60.81%.

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.