Commerzbank Aktiengesellschaft FI Purchases New Position in Automatic Data Processing, Inc. $ADP

Commerzbank Aktiengesellschaft FI purchased a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,731 shares of the business services provider’s stock, valued at approximately $4,195,000.

A number of other hedge funds also recently bought and sold shares of the business. Imprint Wealth LLC purchased a new position in shares of Automatic Data Processing during the 3rd quarter valued at approximately $25,000. Cornerstone Financial Management LLC purchased a new stake in Automatic Data Processing in the 4th quarter worth $26,000. Bard Associates Inc. purchased a new stake in Automatic Data Processing in the 4th quarter worth $28,000. Prosperity Bancshares Inc purchased a new stake in Automatic Data Processing in the 4th quarter worth $33,000. Finally, High Point Wealth Management LLC acquired a new position in Automatic Data Processing during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Insider Activity at Automatic Data Processing

In other news, VP David Kwon sold 2,414 shares of the business’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $265.62, for a total transaction of $641,206.68. Following the transaction, the vice president owned 9,660 shares of the company’s stock, valued at approximately $2,565,889.20. The trade was a 19.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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.

Analyst Ratings Changes

ADP has been the topic of several recent analyst reports. Mizuho decreased their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. BMO Capital Markets boosted their target price on shares of Automatic Data Processing from $248.00 to $305.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 29th. Jefferies Financial Group reduced their price target on shares of Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Weiss Ratings raised shares of Automatic Data Processing from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Finally, UBS Group lifted their price objective on Automatic Data Processing from $260.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Automatic Data Processing presently has an average rating of “Hold” and a consensus price target of $273.50.

Automatic Data Processing Price Performance

ADP stock opened at $266.06 on Tuesday. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $310.08. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $105.69 billion, a PE ratio of 24.32 and a beta of 0.81. The business has a 50 day simple moving average of $245.82 and a 200-day simple moving average of $225.35.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.05. The firm 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 firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.26 earnings per share. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 12.26 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, September 11th. Automatic Data Processing’s payout ratio is currently 62.16%.

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.