PensionDanmark Pensionsforsikringsaktieselskab Raises Holdings in Automatic Data Processing, Inc. $ADP

PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 9.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 68,030 shares of the business services provider’s stock after purchasing an additional 6,000 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Automatic Data Processing were worth $15,235,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ADP. Apella Capital LLC increased its holdings in shares of Automatic Data Processing by 2.5% in the 2nd quarter. Apella Capital LLC now owns 7,292 shares of the business services provider’s stock valued at $1,791,000 after acquiring an additional 175 shares during the period. 55 North Private Wealth LLC bought a new position in shares of Automatic Data Processing in the 2nd quarter worth $214,000. Byrne Asset Management LLC lifted its stake in shares of Automatic Data Processing by 148.0% during the 2nd quarter. Byrne Asset Management LLC now owns 1,374 shares of the business services provider’s stock worth $308,000 after purchasing an additional 820 shares during the last quarter. Fermata Advisors LLC lifted its stake in shares of Automatic Data Processing by 20.2% during the 2nd quarter. Fermata Advisors LLC now owns 1,189 shares of the business services provider’s stock worth $266,000 after purchasing an additional 200 shares during the last quarter. Finally, Bill Few Associates Inc. boosted its position in Automatic Data Processing by 2.0% during the second quarter. Bill Few Associates Inc. now owns 13,664 shares of the business services provider’s stock valued at $3,060,000 after purchasing an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wells Fargo & Company lifted their target price on Automatic Data Processing from $248.00 to $283.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. BMO Capital Markets increased their price target on shares of Automatic Data Processing from $248.00 to $305.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. Stifel Nicolaus raised their price target on shares of Automatic Data Processing from $260.00 to $285.00 and gave the company a “hold” rating in a report on Thursday, July 30th. UBS Group lifted their price objective on shares of Automatic Data Processing from $260.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of Automatic Data Processing from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Automatic Data Processing has an average rating of “Hold” and a consensus price target of $273.50.

Automatic Data Processing Price Performance

NASDAQ ADP opened at $271.32 on Friday. The company has a market cap of $107.78 billion, a price-to-earnings ratio of 24.80 and a beta of 0.81. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.05 and a quick ratio of 1.04. The stock’s fifty day moving average price is $240.93 and its 200 day moving average price is $224.99. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $310.08.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, July 29th. The business services provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.05. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.44 billion. Automatic Data Processing had a return on equity of 71.34% and a net margin of 20.11%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.26 EPS. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. As a group, equities research analysts forecast that Automatic Data Processing, Inc. will post 12.26 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given a $1.70 dividend. The ex-dividend date is Friday, September 11th. This represents a $6.80 dividend on an annualized basis and a yield of 2.5%. Automatic Data Processing’s dividend payout ratio is currently 62.16%.

Insider Buying and Selling

In related news, VP David Kwon sold 2,414 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $265.62, for a total value of $641,206.68. Following the transaction, the vice president owned 9,660 shares in the company, valued at approximately $2,565,889.20. This represents a 19.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.20% of the stock is currently owned by corporate insiders.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.