Bank of Montreal Can Buys 133,706 Shares of Automatic Data Processing, Inc. $ADP

Bank of Montreal Can increased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 19.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 826,174 shares of the business services provider’s stock after buying an additional 133,706 shares during the period. Bank of Montreal Can owned 0.20% of Automatic Data Processing worth $242,482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Legal & General Group Plc raised its holdings in Automatic Data Processing by 3.0% in the third quarter. Legal & General Group Plc now owns 2,882,264 shares of the business services provider’s stock worth $845,944,000 after buying an additional 84,210 shares during the last quarter. Pinkerton Wealth LLC grew its holdings in shares of Automatic Data Processing by 7.4% during the third quarter. Pinkerton Wealth LLC now owns 17,863 shares of the business services provider’s stock valued at $5,243,000 after buying an additional 1,227 shares during the last quarter. LGT Group Foundation grew its holdings in shares of Automatic Data Processing by 10.9% during the third quarter. LGT Group Foundation now owns 2,874 shares of the business services provider’s stock valued at $838,000 after buying an additional 282 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Automatic Data Processing by 13.0% during the third quarter. Russell Investments Group Ltd. now owns 548,638 shares of the business services provider’s stock valued at $160,988,000 after acquiring an additional 63,211 shares in the last quarter. Finally, Inceptionr LLC increased its position in shares of Automatic Data Processing by 12.5% during the third quarter. Inceptionr LLC now owns 7,637 shares of the business services provider’s stock valued at $2,241,000 after acquiring an additional 846 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Price Performance

NASDAQ ADP opened at $217.37 on Wednesday. The stock has a market capitalization of $87.52 billion, a price-to-earnings ratio of 20.90 and a beta of 0.86. Automatic Data Processing, Inc. has a 1-year low of $203.26 and a 1-year high of $329.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.03. The business’s fifty day moving average price is $237.35 and its 200-day moving average price is $261.62.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, topping the consensus estimate of $2.57 by $0.05. Automatic Data Processing had a return on equity of 68.44% and a net margin of 19.96%.The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same quarter in the previous year, the company posted $2.35 earnings per share. Automatic Data Processing’s revenue was up 6.2% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. On average, equities analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $6.80 annualized dividend and a dividend yield of 3.1%. Automatic Data Processing’s dividend payout ratio is presently 65.38%.

Automatic Data Processing announced that its Board of Directors has approved a share repurchase program on Wednesday, January 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the business services provider to buy up to 5.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citigroup lowered their price objective on Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. Cantor Fitzgerald assumed coverage on Automatic Data Processing in a research note on Tuesday, January 27th. They issued an “overweight” rating and a $306.00 price target for the company. JPMorgan Chase & Co. lowered their price target on Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating on the stock in a report on Thursday, January 29th. Jefferies Financial Group reaffirmed an “underperform” rating and set a $230.00 price objective (down from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. Finally, Morgan Stanley reduced their price objective on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $290.00.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Brian L. Michaud sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $234.18, for a total transaction of $234,180.00. Following the completion of the sale, the vice president directly owned 15,310 shares of the company’s stock, valued at approximately $3,585,295.80. This represents a 6.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher D’ambrosio sold 543 shares of the stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $262.29, for a total transaction of $142,423.47. Following the completion of the transaction, the vice president owned 9,998 shares in the company, valued at $2,622,375.42. The trade was a 5.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,515 shares of company stock worth $887,074 over the last quarter. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Profile

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.