Aviva PLC Decreases Stake in Automatic Data Processing, Inc. $ADP

Aviva PLC decreased its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.9% in the second quarter, HoldingsChannel.com reports. The fund owned 958,731 shares of the business services provider’s stock after selling 38,580 shares during the period. Automatic Data Processing comprises approximately 0.6% of Aviva PLC’s investment portfolio, making the stock its 22nd biggest holding. Aviva PLC’s holdings in Automatic Data Processing were worth $295,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of ADP. Activest Wealth Management lifted its holdings in Automatic Data Processing by 2,600.0% during the first quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 78 shares in the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of Automatic Data Processing during the second quarter valued at about $26,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Automatic Data Processing in the second quarter valued at approximately $26,000. Solstein Capital LLC purchased a new stake in shares of Automatic Data Processing during the second quarter worth approximately $28,000. Finally, Westside Investment Management Inc. boosted its position in shares of Automatic Data Processing by 80.0% during the 2nd quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock worth $28,000 after acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 0.7%

Shares of NASDAQ ADP opened at $254.16 on Friday. The business has a fifty day simple moving average of $284.90 and a 200-day simple moving average of $299.99. The company has a market cap of $102.79 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 2.39 and a beta of 0.86. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a 12 month low of $249.68 and a 12 month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.05. The firm 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 business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $2.33 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Sell-side analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Insider Buying and Selling at Automatic Data Processing

In related news, VP Don Mcguire sold 13,599 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $4,033,055.43. Following the transaction, the vice president directly owned 17,684 shares of the company’s stock, valued at approximately $5,244,543.88. This trade represents a 43.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David Foskett sold 1,373 shares of the firm’s 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 sale, the vice president directly owned 11,781 shares in the company, valued at approximately $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 in the last 90 days. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Morgan Stanley upped 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 report on Thursday, August 21st. Citigroup assumed coverage on shares of Automatic Data Processing in a research note on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price objective for the company. UBS Group lowered their target price on 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. Finally, JPMorgan Chase & Co. decreased their price target 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. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus 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.