Winslow Capital Management LLC Invests $14.25 Million in Automatic Data Processing, Inc. $ADP
by Doug Wharley · The Cerbat GemWinslow Capital Management LLC acquired a new position in Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 46,200 shares of the business services provider’s stock, valued at approximately $14,248,000.
A number of other institutional investors and hedge funds have also bought and sold shares of ADP. Activest Wealth Management grew its position in Automatic Data Processing by 2,600.0% in the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock worth $25,000 after purchasing an additional 78 shares during the last quarter. Harbor Asset Planning Inc. acquired a new position in shares of Automatic Data Processing during the second quarter valued at about $26,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Automatic Data Processing in the second quarter valued at about $26,000. Howard Hughes Medical Institute acquired a new stake in Automatic Data Processing during the second quarter worth about $27,000. Finally, Solstein Capital LLC bought a new position in Automatic Data Processing during the second quarter valued at about $28,000. Institutional investors own 80.03% of the company’s stock.
Insider Buying and Selling at Automatic Data Processing
In other news, VP Michael A. Bonarti sold 8,728 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $298.43, for a total value of $2,604,697.04. Following the completion of the sale, the vice president directly owned 80,531 shares in the company, valued at approximately $24,032,866.33. This trade represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Christopher D’ambrosio sold 597 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total transaction of $177,249.30. Following the transaction, the vice president owned 10,541 shares in the company, valued at approximately $3,129,622.90. This trade represents a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.20% of the company’s stock.
Analyst Ratings Changes
A number of analysts have commented on ADP shares. Citigroup initiated coverage on Automatic Data Processing in a research report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Weiss Ratings cut shares of Automatic Data Processing from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, December 1st. Finally, UBS Group cut their price target on shares of 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. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $312.67.
Check Out Our Latest Stock Report on Automatic Data Processing
Automatic Data Processing Price Performance
NASDAQ:ADP opened at $261.63 on Monday. The firm has a market cap of $105.82 billion, a PE ratio of 25.83 and a beta of 0.86. Automatic Data Processing, Inc. has a 12 month low of $247.18 and a 12 month high of $329.93. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $268.97 and its two-hundred day moving average price is $292.71.
Automatic Data Processing (NASDAQ:ADP – Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.05. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The company had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the business posted $2.33 earnings per share. The company’s revenue 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. On average, equities analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal 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 issued a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $6.80 dividend on an annualized basis and a yield of 2.6%. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $1.54. Automatic Data Processing’s payout ratio is 60.81%.
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.
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