Mirae Asset Global Investments Co. Ltd. Boosts Position in Automatic Data Processing, Inc. $ADP

Mirae Asset Global Investments Co. Ltd. raised its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 14.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 184,499 shares of the business services provider’s stock after purchasing an additional 23,423 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Automatic Data Processing were worth $54,150,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ADP. Harbor Asset Planning Inc. purchased a new position in Automatic Data Processing in the second quarter worth $26,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Automatic Data Processing in the 2nd quarter valued at about $26,000. Howard Hughes Medical Institute acquired a new stake in shares of Automatic Data Processing in the second quarter valued at about $27,000. Solstein Capital LLC acquired a new stake in shares of Automatic Data Processing in the second quarter valued at about $28,000. Finally, Westside Investment Management Inc. grew its position in Automatic Data Processing by 80.0% during the second quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock worth $28,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Activity

In related news, VP David Kwon sold 900 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $260.00, for a total transaction of $234,000.00. Following the completion of the sale, the vice president owned 11,993 shares of the company’s stock, valued at $3,118,180. This represents a 6.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $262.29, for a total value of $142,423.47. Following the completion of the transaction, the vice president owned 9,998 shares of the company’s stock, valued at approximately $2,622,375.42. The trade was a 5.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,249 shares of company stock valued at $589,852 over the last ninety days. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $250.69 on Thursday. The firm has a 50-day moving average of $258.55 and a two-hundred day moving average of $278.55. 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 stock has a market cap of $101.39 billion, a P/E ratio of 24.75 and a beta of 0.86. Automatic Data Processing, Inc. has a 1-year low of $247.18 and a 1-year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.57 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 $5.36 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter in the prior year, the business posted $2.35 earnings per share. Automatic Data Processing’s revenue for the quarter was up 6.2% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. On average, research analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing announced that its Board of Directors has authorized a share buyback plan on Wednesday, January 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the business services provider to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Automatic Data Processing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a $1.70 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $6.80 annualized dividend and a dividend yield of 2.7%. Automatic Data Processing’s payout ratio is presently 67.13%.

Key Stories Impacting Automatic Data Processing

Here are the key news stories impacting Automatic Data Processing this week:

• Positive Sentiment: Q2 results topped estimates — EPS $2.62 vs. $2.58 and revenue up ~6.2% year-over-year; ADP said demand for payroll/HR services remains steady, and it nudged up parts of its outlook. ADP lifts annual revenue forecast on demand for payroll services
• Positive Sentiment: Cantor Fitzgerald initiated coverage with an “overweight” rating and $306 price target, signaling institutional optimism and ~22% upside to the cited target. Cantor Fitzgerald initiates coverage of Automatic Data Processing (ADP) with overweight recommendation
• Positive Sentiment: Management is advancing product innovation — ADP launched new AI “Assist” agents aimed at automating HR and payroll tasks, which could expand stickiness and long-term margins. ADP® Accelerates AI Leadership with Launch of New AI Agents Designed to Solve Workforce Challenges
• Positive Sentiment: Corporate actions: management recently authorized a sizable share-repurchase program (~$6B), which supports EPS and could be a catalyst as buybacks are deployed. 3 Large Cap Stocks Announce Big Buyback Boosts Amid +20% Falls (ADP)
• Neutral Sentiment: Earnings call and filings are available (transcript/slides) for deeper detail on segment trends and margin drivers; these materials will shape analyst revisions. Automatic Data Processing, Inc. (ADP) Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Reported short-interest data in the feed is anomalous (zeros/NaN) and provides no actionable signal on current positioning. Short interest data (anomalous)
• Negative Sentiment: Valuation and macro concerns: at least one analyst note argues ADP remains expensive given macro headwinds (slower hiring), a key demand risk since ADP’s revenue is tied to payroll counts. Automatic Data Processing: Still Expensive Given Macro Headwinds
• Negative Sentiment: Guidance nuance: FY EPS range published sits near but slightly around consensus — some investors may view the guidance band and commentary as conservative relative to expectations, prompting profit-taking. ADP Reports Second Quarter Fiscal 2026 Results

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ADP. Cantor Fitzgerald started coverage on shares of Automatic Data Processing in a report on Tuesday. They issued an “overweight” rating and a $306.00 target price for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 29th. Wells Fargo & Company lowered their target price on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $230.00 target price (down from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. Finally, Citigroup began coverage on shares of 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. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $306.38.

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.