Cozad Asset Management Inc. Has $1.59 Million Position in Automatic Data Processing, Inc. $ADP

Cozad Asset Management Inc. trimmed its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.7% in the second quarter, HoldingsChannel reports. The firm owned 5,153 shares of the business services provider’s stock after selling 200 shares during the period. Cozad Asset Management Inc.’s holdings in Automatic Data Processing were worth $1,589,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ADP. Nuveen LLC acquired a new stake in shares of Automatic Data Processing in the 1st quarter valued at about $661,771,000. Mackenzie Financial Corp grew its stake in Automatic Data Processing by 128.1% in the first quarter. Mackenzie Financial Corp now owns 1,585,704 shares of the business services provider’s stock valued at $484,480,000 after acquiring an additional 890,440 shares during the period. Ameriprise Financial Inc. grew its stake in Automatic Data Processing by 15.7% in the first quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider’s stock valued at $1,348,805,000 after acquiring an additional 601,400 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Automatic Data Processing by 26.6% during the second quarter. JPMorgan Chase & Co. now owns 2,812,637 shares of the business services provider’s stock valued at $867,445,000 after acquiring an additional 591,800 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Automatic Data Processing by 22.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider’s stock worth $934,647,000 after purchasing an additional 564,187 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Up 1.6%

Shares of NASDAQ:ADP opened at $253.12 on Friday. Automatic Data Processing, Inc. has a 1 year low of $247.18 and a 1 year high of $329.93. The company has a market capitalization of $102.37 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.39 and a beta of 0.86. The business has a fifty day moving average price of $275.80 and a two-hundred day moving average price of $296.86. 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 issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share 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 for the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the previous year, the firm earned $2.33 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be issued a $1.70 dividend. This is a boost from Automatic Data Processing’s previous quarterly dividend of $1.54. The ex-dividend date of this dividend is Friday, December 12th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.7%. Automatic Data Processing’s payout ratio is presently 67.13%.

Analyst Upgrades and Downgrades

A number of analysts have commented on ADP shares. UBS Group decreased their price target on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Automatic Data Processing in a report on Wednesday. Stifel Nicolaus raised their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research report on Thursday, July 31st. Dbs Bank raised Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Finally, Morgan Stanley increased their price objective on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $312.67.

Insiders Place Their Bets

In other Automatic Data Processing news, CEO Maria Black sold 23,605 shares of the stock in a transaction on Wednesday, September 3rd. The stock was 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 approximately $22,720,349.52. This represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph Desilva sold 4,614 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $1,368,373.98. Following the completion of the sale, the vice president owned 17,536 shares in the company, valued at approximately $5,200,651.52. The trade was a 20.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,516 shares of company stock valued at $15,632,410 in the last quarter. 0.20% of the stock is currently owned by company insiders.

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.