<div id="readability-page-1"><p>Jensen Investment Management Inc. cut its stake in shares of  Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 22.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,283,564 shares of the business services provider's stock after selling 376,852 shares during the quarter. Automatic Data Processing makes up  approximately  4.3% of Jensen Investment Management Inc.'s portfolio, making the stock its 8th biggest position. Jensen Investment Management Inc. owned 0.32% of Automatic Data Processing worth $392,167,000 as of its most recent SEC filing.</p><ul><li>Workday’s Next-Gen AI Integration: Perfect Time to Buy the Dip?</li></ul><p>Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in shares of  Automatic Data Processing by 34,655.1% in the 1st quarter. GAMMA Investing LLC now owns 2,901,007 shares of the business services provider's stock valued at $886,345,000 after purchasing an additional 2,892,660 shares during the period.  Winslow Capital Management LLC bought a new stake in  Automatic Data Processing in the 4th quarter valued at about $396,714,000.  Capital Research Global Investors increased its position in  Automatic Data Processing by 26.9% in the 4th quarter. Capital Research Global Investors now owns 6,136,763 shares of the business services provider's stock valued at $1,796,415,000 after buying an additional 1,299,390 shares in the last quarter.  Northern Trust Corp increased its position in  Automatic Data Processing by 17.1% in the 4th quarter. Northern Trust Corp now owns 6,174,419 shares of the business services provider's stock valued at $1,807,438,000 after buying an additional 902,354 shares in the last quarter.  Finally, Mackenzie Financial Corp increased its position in  Automatic Data Processing by 128.1% in the 1st quarter. Mackenzie Financial Corp now owns 1,585,704 shares of the business services provider's stock valued at $484,480,000 after buying an additional 890,440 shares in the last quarter. 80.03% of the stock is owned by institutional investors and hedge funds. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of analysts recently commented on ADP shares. TD Securities boosted their target price on Automatic Data Processing from $298.00 to $321.00 and gave the company a &#34;hold&#34; rating in a research report on Wednesday, May 21st. UBS Group decreased their target price on Automatic Data Processing from $323.00 to $315.00 and set a &#34;neutral&#34; rating for the company in a research report on Friday, June 13th. Morgan Stanley boosted their target price on Automatic Data Processing from $310.00 to $311.00 and gave the company an &#34;equal weight&#34; rating in a research report on Thursday, July 31st. Mizuho boosted their target price on Automatic Data Processing from $321.00 to $332.00 and gave the company an &#34;outperform&#34; rating in a research report on Friday, June 13th. Finally, Stifel Nicolaus boosted their price objective on Automatic Data Processing from $305.00 to $318.00 and gave the stock a &#34;hold&#34; rating in a report on Thursday, July 31st. One investment analyst  has rated the stock with a sell rating, ten have issued  a hold rating and two have issued  a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of &#34;Hold&#34; and a consensus target price of $314.33.</p><ul><li>Why Paychex Stock's Dip is the Best Opportunity in Today's Cycle</li></ul><p><b>Get Our Latest Stock Report on Automatic Data Processing</b></p><h2>Automatic Data Processing Stock Down 0.9%</h2><p>ADP opened at $299.44 on Wednesday. The stock has a market cap of $121.55 billion, a PE ratio of 30.00, a P/E/G ratio of 2.77 and a beta of 0.81. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. Automatic Data Processing, Inc. has a 52 week low of $256.47 and a 52 week high of $329.93. The business's fifty day simple moving average is $309.38 and its 200 day simple moving average is $305.33. </p><ul><li>3 payroll companies get clocked, but 1 looks cheap </li></ul><p>Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, topping analysts' consensus estimates of $2.23 by $0.03. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The company had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same period in the prior year, the business posted $2.09 earnings per share. Automatic Data Processing's revenue for the quarter was up 6.3% on a year-over-year basis.  As a group, research analysts expect that  Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year. </p><h2>Automatic Data Processing Profile</h2> (Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Automatic Data Processing</li><li>Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index</li><li>3 Sector ETFs Catching Fire After Earnings Beats</li><li>What is a Dividend King? </li><li>Unusual Machines: A Speculation With Tailwinds to Lift Its Price</li><li>How to trade penny stocks: A step-by-step guide</li><li>Zebra Technologies: Riding the Automation Wave to Profits</li></ul><p><strong>Want to see what other hedge funds are holding ADP?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QURQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QURQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Automatic Data Processing Right Now?</h2><p>Before you consider Automatic Data Processing, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Automatic Data Processing wasn't on the list.</p><p>While Automatic Data Processing currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Jensen Investment Management Inc. reduced its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 22.7% in Q1, now holding 1,283,564 shares. The stock constitutes 4.3% of its portfolio. Other institutional investors have also adjusted their positions, with GAMMA Investing LLC increasing its stake significantly. Analysts have mixed ratings on ADP, with a consensus target price of $314.33. ADP's stock opened at $299.44, with a market cap of $121.55 billion and a recent earnings report showing a slight earnings beat.</p>

Jensen Investment Management Inc. Decreases Position in Automatic Data Processing, Inc. (NASDAQ:ADP)