Automatic Data Processing, Inc. $ADP Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. reduced its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 47.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 14,082 shares of the business services provider’s stock after selling 12,538 shares during the quarter. Nomura Holdings Inc.’s holdings in Automatic Data Processing were worth $4,343,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Advisory Alpha LLC boosted its position in shares of Automatic Data Processing by 130.2% in the first quarter. Advisory Alpha LLC now owns 4,416 shares of the business services provider’s stock worth $1,349,000 after acquiring an additional 2,498 shares during the last quarter. Meiji Yasuda Life Insurance Co boosted its holdings in shares of Automatic Data Processing by 4.4% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 32,478 shares of the business services provider’s stock valued at $9,923,000 after purchasing an additional 1,375 shares during the last quarter. MGO One Seven LLC grew its stake in shares of Automatic Data Processing by 18.3% during the 2nd quarter. MGO One Seven LLC now owns 13,578 shares of the business services provider’s stock valued at $4,187,000 after buying an additional 2,105 shares during the period. Morningstar Investment Management LLC purchased a new stake in shares of Automatic Data Processing during the 2nd quarter valued at $1,795,000. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of Automatic Data Processing during the 1st quarter worth $39,906,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Down 0.4%

Shares of Automatic Data Processing stock opened at $264.95 on Tuesday. 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 $107.16 billion, a PE ratio of 26.15 and a beta of 0.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50-day moving average of $265.42 and a 200-day moving average of $290.13.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly 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. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The firm 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 business posted $2.33 earnings per share. Automatic Data Processing’s revenue for the quarter 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. As a group, equities analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 12th will be given a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, December 12th. This is an increase 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 2.6%. Automatic Data Processing’s dividend payout ratio is 67.13%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ADP. Wells Fargo & Company reduced their target price 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 8th. JPMorgan Chase & Co. dropped their target price on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. UBS Group cut 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 report on Wednesday, September 17th. Finally, Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $312.67.

Automatic Data Processing 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.