Flossbach Von Storch SE Has $13.53 Million Holdings in Automatic Data Processing, Inc. $ADP

Flossbach Von Storch SE decreased its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 32.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,867 shares of the business services provider’s stock after selling 20,642 shares during the quarter. Flossbach Von Storch SE’s holdings in Automatic Data Processing were worth $13,529,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ADP. Jacobsen Capital Management boosted its stake in shares of Automatic Data Processing by 3.8% in the second quarter. Jacobsen Capital Management now owns 907 shares of the business services provider’s stock valued at $280,000 after buying an additional 33 shares during the period. Signature Wealth Management Group increased its stake in Automatic Data Processing by 2.3% during the 2nd quarter. Signature Wealth Management Group now owns 1,450 shares of the business services provider’s stock worth $447,000 after acquiring an additional 33 shares during the period. Bangor Savings Bank raised its holdings in Automatic Data Processing by 0.7% in the 2nd quarter. Bangor Savings Bank now owns 4,907 shares of the business services provider’s stock valued at $1,513,000 after acquiring an additional 34 shares in the last quarter. Ameritas Advisory Services LLC lifted its position in shares of Automatic Data Processing by 2.1% during the 2nd quarter. Ameritas Advisory Services LLC now owns 1,629 shares of the business services provider’s stock valued at $502,000 after acquiring an additional 34 shares during the period. Finally, Syntegra Private Wealth Group LLC lifted its position in shares of Automatic Data Processing by 4.7% during the 1st quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider’s stock valued at $238,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Activity at Automatic Data Processing

In related news, VP Michael A. Bonarti sold 8,728 shares of the business’s stock in a transaction on 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 owned 80,531 shares in the company, valued at $24,032,866.33. The trade was a 9.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP David Foskett sold 1,373 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total value of $407,190.61. Following the completion of the transaction, the vice president owned 11,781 shares of the company’s stock, valued at $3,493,891.17. This represents a 10.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 52,516 shares of company stock worth $15,632,410 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

Automatic Data Processing Trading Up 0.7%

ADP opened at $254.16 on Friday. The company 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. 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 company’s 50 day moving average is $284.90 and its 200-day moving average is $300.04. Automatic Data Processing, Inc. has a 1-year low of $249.68 and a 1-year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, beating the consensus estimate 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 business had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the firm earned $2.33 EPS. The firm’s revenue 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. Equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

ADP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Morgan Stanley raised their target price on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. UBS Group reduced their price target on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $312.67.

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.