State Street Corp Has $5.82 Billion Stock Position in Automatic Data Processing, Inc. $ADP

State Street Corp raised its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.0% during the second quarter, HoldingsChannel.com reports. The firm owned 18,782,407 shares of the business services provider’s stock after buying an additional 187,415 shares during the quarter. State Street Corp’s holdings in Automatic Data Processing were worth $5,820,445,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ADP. Activest Wealth Management increased its holdings in Automatic Data Processing by 2,600.0% in the first quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock worth $25,000 after buying an additional 78 shares during the last quarter. Harbor Asset Planning Inc. bought a new stake in Automatic Data Processing in the second quarter worth approximately $26,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Automatic Data Processing during the 2nd quarter worth $26,000. Howard Hughes Medical Institute acquired a new stake in shares of Automatic Data Processing in the 2nd quarter valued at $27,000. Finally, Solstein Capital LLC acquired a new stake in shares of Automatic Data Processing in the 2nd quarter valued at $28,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 597 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total transaction of $177,249.30. Following the completion of the transaction, the vice president owned 10,541 shares in the company, valued at $3,129,622.90. This trade represents a 5.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by corporate insiders.

Automatic Data Processing Price Performance

Shares of ADP stock opened at $258.69 on Tuesday. Automatic Data Processing, Inc. has a 12 month low of $247.18 and a 12 month high of $329.93. The company has a market capitalization of $104.63 billion, a P/E ratio of 25.54 and a beta of 0.86. The stock has a 50 day moving average of $268.29 and a two-hundred day moving average of $292.26. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.05. The business 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%.Automatic Data Processing’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.33 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, equities analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 2.6%. 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. Automatic Data Processing’s dividend payout ratio (DPR) is currently 60.81%.

Wall Street Analyst Weigh In

Several research firms have weighed in on ADP. Citigroup began coverage on Automatic Data Processing in a report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 target price on the stock. UBS Group reduced their target price on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. Wells Fargo & Company lowered their price target on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Automatic Data Processing presently has an average rating of “Hold” and a consensus price target of $312.67.

Automatic Data Processing Company Profile

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.