Harel Insurance Investments & Financial Services Ltd. Lowers Position in Automatic Data Processing, Inc. (NASDAQ:ADP)

04 Jul 2025, 16:44 by Sarita Garza · The Markets Daily

Harel Insurance Investments & Financial Services Ltd. lessened its position in Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) by 8.3% in the first quarter, HoldingsChannel reports. The firm owned 17,722 shares of the business services provider’s stock after selling 1,598 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Automatic Data Processing were worth $5,423,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Main Street Group LTD boosted its stake in Automatic Data Processing by 50.7% during the fourth quarter. Main Street Group LTD now owns 113 shares of the business services provider’s stock worth $33,000 after acquiring an additional 38 shares in the last quarter. Abound Wealth Management lifted its holdings in shares of Automatic Data Processing by 58.1% during the first quarter. Abound Wealth Management now owns 117 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 43 shares during the last quarter. Cyrus J. Lawrence LLC boosted its position in shares of Automatic Data Processing by 121.8% in the 4th quarter. Cyrus J. Lawrence LLC now owns 122 shares of the business services provider’s stock worth $35,000 after purchasing an additional 67 shares in the last quarter. Banque de Luxembourg S.A. purchased a new stake in shares of Automatic Data Processing in the 4th quarter worth approximately $37,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Automatic Data Processing in the 4th quarter worth approximately $37,000. 80.03% of the stock is currently owned by institutional investors.

Automatic Data Processing Stock Up 1.3%

Shares of Automatic Data Processing stock opened at $308.96 on Friday. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $329.93. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $311.86 and its 200 day moving average is $303.33. The company has a market cap of $125.41 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 2.84 and a beta of 0.76.

Automatic Data Processing (NASDAQ:ADP – Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The business services provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.09. The firm had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.49 billion. Automatic Data Processing had a return on equity of 77.33% and a net margin of 19.79%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.88 EPS. Research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were issued a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Friday, June 13th. Automatic Data Processing’s dividend payout ratio is 63.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Stifel Nicolaus boosted their target price on Automatic Data Processing to $305.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Mizuho lifted their price target on Automatic Data Processing from $321.00 to $332.00 and gave the stock an “outperform” rating in a research report on Friday, June 13th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $315.00 price target on shares of Automatic Data Processing in a research note on Thursday, June 5th. Morgan Stanley raised their price objective on shares of Automatic Data Processing from $305.00 to $310.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 17th. Finally, TD Securities lifted their target price on shares of Automatic Data Processing from $298.00 to $321.00 and gave the stock a “hold” rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $307.08.

Get Our Latest Research Report on Automatic Data Processing

Insider Transactions at Automatic Data Processing

In other news, VP Christopher D’ambrosio sold 478 shares of the company’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $293.14, for a total transaction of $140,120.92. Following the completion of the sale, the vice president owned 7,364 shares of the company’s stock, valued at $2,158,682.96. This represents a 6.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.21% of the company’s stock.

Automatic Data Processing Company Profile

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