Livforsakringsbolaget Skandia Omsesidigt Grows Stock Position in Automatic Data Processing, Inc. $ADP

Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 446.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,459 shares of the business services provider’s stock after buying an additional 15,900 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Automatic Data Processing were worth $5,708,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ADP. Imprint Wealth LLC bought a new stake in Automatic Data Processing in the 3rd quarter valued at about $25,000. Howard Hughes Medical Institute purchased a new position in shares of Automatic Data Processing in the second quarter worth about $27,000. TruNorth Capital Management LLC purchased a new position in shares of Automatic Data Processing in the third quarter worth about $28,000. Cloud Capital Management LLC bought a new stake in shares of Automatic Data Processing in the third quarter valued at approximately $29,000. Finally, Y.D. More Investments Ltd bought a new stake in shares of Automatic Data Processing in the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $209.73 on Wednesday. Automatic Data Processing, Inc. has a twelve month low of $203.26 and a twelve month high of $329.93. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.62. The stock has a market cap of $84.45 billion, a P/E ratio of 20.17 and a beta of 0.86. The business’s 50-day moving average price is $232.59 and its two-hundred day moving average price is $258.30.

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

Automatic Data Processing declared that its Board of Directors has initiated a stock repurchase program on Wednesday, January 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Automatic Data Processing Dividend Announcement

The company also recently disclosed 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 is Friday, March 13th. This represents a $6.80 annualized dividend and a dividend yield of 3.2%. Automatic Data Processing’s dividend payout ratio is 65.38%.

Insider Transactions at Automatic Data Processing

In related news, VP David Foskett sold 266 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $237.00, for a total value of $63,042.00. Following the completion of the sale, the vice president owned 10,954 shares in the company, valued at $2,596,098. The trade was a 2.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David Kwon sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $260.00, for a total value of $234,000.00. Following the completion of the sale, the vice president directly owned 11,993 shares of the company’s stock, valued at approximately $3,118,180. This represents a 6.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 4,058 shares of company stock valued at $1,000,263. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Automatic Data Processing in a report on Monday, December 29th. Stifel Nicolaus lowered their target price on shares of Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating on the stock in a report on Monday, February 9th. Morgan Stanley dropped their target price on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 29th. JPMorgan Chase & Co. cut their price target on Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating for the company in a report on Thursday, January 29th. Finally, Cantor Fitzgerald assumed coverage on Automatic Data Processing in a research report on Tuesday, January 27th. They issued an “overweight” rating and a $306.00 price target for the company. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $290.00.

Automatic Data Processing Company 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.