Vestor Capital LLC Has $63.45 Million Stock Holdings in Automatic Data Processing, Inc. $ADP

Vestor Capital LLC raised its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 108,181.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 205,735 shares of the business services provider’s stock after buying an additional 205,545 shares during the period. Automatic Data Processing comprises about 1.9% of Vestor Capital LLC’s investment portfolio, making the stock its 8th biggest position. Vestor Capital LLC’s holdings in Automatic Data Processing were worth $63,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Automatic Data Processing Price Performance

Shares of ADP opened at $253.12 on Friday. Automatic Data Processing, Inc. has a fifty-two week low of $247.18 and a fifty-two week high of $329.93. The firm’s 50-day simple moving average is $275.80 and its two-hundred day simple moving average is $296.86. The stock has a market cap 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 company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.05. The company had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.14 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $2.33 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have weighed in on ADP shares. UBS Group lowered 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. JPMorgan Chase & Co. lowered their target price on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Wells Fargo & Company lowered their price objective on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. Finally, Morgan Stanley increased their price objective on Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Three equities research 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $312.67.

Insiders Place Their Bets

In related news, VP Don Mcguire sold 13,599 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total transaction of $4,033,055.43. Following the sale, the vice president directly owned 17,684 shares of the company’s stock, valued at $5,244,543.88. This trade represents a 43.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Maria Black sold 23,605 shares of Automatic Data Processing stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $298.32, for a total value of $7,041,843.60. Following the completion of the sale, the chief executive officer owned 76,161 shares of the company’s stock, valued at $22,720,349.52. The trade was a 23.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 52,516 shares of company stock worth $15,632,410 in the last three months. Corporate insiders own 0.20% of the company’s stock.

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.