ADP Automatic Data Processing, Inc. - Common Stock

NASDAQ · Professional Services · Lihat di SEC EDGAR ↗
$271,79
Harga · Agu 18, 2026
Fundamental per Agu 5, 2026
Rentang 52M
$188–$310
69% of range
Peringkat Analis
HOLD
23 analysts
Target Harga
$287
+5% upside
P/E (TTM)
24.8
ROE
71.0%
Margin Laba Bersih
20.1%

Tentang Automatic Data Processing, Inc. - Common Stock Tinjauan perusahaan dari Wikipedia

Automatic Data Processing, Inc. (ADP) is an American multinational provider of cloud-based human resources management, payroll processing, and professional employer organization (PEO) services, headquartered in Roseland, New Jersey.

Baca selengkapnya

Automatic Data Processing, Inc. (ADP) is an American multinational provider of cloud-based human resources management, payroll processing, and professional employer organization (PEO) services, headquartered in Roseland, New Jersey.

History

In 1949, Henry Taub founded Automatic Payrolls, Inc. as a manual payroll processing business with his brother Joe Taub. Future United States Senator Frank Lautenberg joined the brothers in the company's infancy. In 1954, Lautenberg, after successfully serving in sales and marketing, became a full-fledged partner with the two brothers.

In 1957 the company installed a punched card system that would facilitate automatic data processing, replacing manual input calculators. The next year the company changed its name to Automatic Data Processing. In 1961, Oppenheimer & Company, one of ADP's clients, took the company public. At that time the company had 300 clients, 125 employees, and revenues of approximately US$400,000.

In 1962, ADP opened a Wall Street office to provide payroll and accounting services to brokerage firms. This office eventually expanded into ADP's brokerage service division, which was spun off into Broadridge Financial Solutions in 1997.

ADP established its dealer services business in 1973 after acquiring National Inventory Control System, a Portland-based inventory control service and data center, and CSI Computer Systems of Cincinnati. These moves extended ADP's reach into another industry-specific market, and the company later completed more than 30 dealer service acquisitions before spinning the division off into a separate company.

From 1985 onward, ADP's annual revenues exceeded the $1 billion mark, with paychecks processed for about 20% of the U.S. workforce. In August 1996, ADP began acting as a professional employer organization (PEO) after acquiring Staff Management Systems of Tampa, Florida.

On October 21, 2008, ADP switched its stock listing to the NASDAQ Global Select Market.

In 2020, ADP was ranked 227 on the Fortune 500 list of the largest United States corporations by revenue. ADP has also been included on Fortune Magazine's "World's Most Admired Companies" List for 14 consecutive years and has earned recognition from DiversityInc as one of the top companies for diversity and inclusion in the United States for 11 consecutive years.

ADP has about 67,000 employees worldwide and its fiscal year 2025 revenues were $20.6 billion.

Acquisitions

ADP acquired the pioneering online computer services company Time Sharing Limited (TSL) in 1974 and Cyphernetics in 1975.

As ADP became a professional employer organization, it made several acquisitions. In 1995, the company acquired the German company Autonom and the payroll and human resource services company GSI, among others. In September 1998, ADP acquired UK-based Chessington Computer Centre that supplied administration services to the UK Government.

In 2006, ADP acquired Kerridge Computer Co. Ltd., a dealer management systems (DMS) provider to auto dealers, primarily in the UK. In 2007, the ADP Brokerage Service Group was spun off to form Broadridge Financial Solutions, Inc.

In January 2017, ADP acquired The Marcus Buckingham Company (TMBC). In October 2017, ADP acquired Global Cash Card, a digital payments facilitator. In January 2018, ADP acquired WorkMarket, a New York City–based software platform company that helps businesses manage freelancers, contractors, and consultants. Later that same year, the company announced the acquisition of Celergo, a global payroll management service company.

In 2023, ADP acquired workflow automation tool Sora. In October 2024, ADP acquired WorkForce Software, a management services provider.

Divisions and spinoffs

Broadridge Financial Solutions

In 2007, the ADP Brokerage Service Group was spun off to form Broadridge Financial Solutions, Inc., removing about US$2 billion from ADP's total yearly revenue. ADP distributed one share of Broadridge common stock for every four shares of ADP common stock held by shareholders of record as of the close of business on March 23, 2007. ADP had originally bought Brokerage Service Group in 1965.

CDK Global, LLC

Formerly called ADP Dealer Services, CDK Global was formed October 1, 2014, and provides technology services to automotive dealerships, as well as vehicle manufacturers.

In 2010, ADP acquired the automotive marketing company Cobalt.

BZ Results, winner of AutoSuccess magazine's 2005 "Innovative Company of the Year" award, was purchased by ADP in 2006. At the time, BZ Results was valued at $125 million. On April 7, 2014, ADP laid off several Dealer Services associates in a reorganization and 3 days later announced plans to spin off the Dealer Services division as a standalone company. On August 19, 2014, ADP Dealer Services announced that the name of the new company, post-spinoff, would be CDK Global (an acronym for Cobalt, Dealer Services, Kerridge).

Both S&P and Moody's downgraded ADP to AA in April 2014, after the dealer services unit was spun off.

Business model and operations

Automatic Data Processing provides human resource management software and services, including payroll, and operates with a recurring revenue business model. ADP operates through two business segments: employer services and professional employer organization. Key products include RUN Powered by ADP, an HR and payroll platform for small businesses, ADP Workforce Now, a human capital management (HCM) platform for mid-sized and large businesses, and ADP Lyric HCM, an enterprise HCM platform. ADP also issues the National Employment Report, which analyzes aggregated and anonymized payroll data from more than 26 million workers. The report is widely cited in economic reporting and analysis.

The company is headquartered in Roseland, New Jersey and operates in more than 140 countries and territories. ADP has expanded its international presence and extended its services through acquisitions.

Maria Black has served as CEO since 2023. As of 2025, the company was ranked 220 on the Fortune 500 list of the largest United States corporations by revenue, and had around 67,000 employees.

Employment data

ADP has been used as a source of private-sector employment data. ADP's National Employment Report (NER) launches two days before the United States Bureau of Labor Statistics reports. In 2022, it was redesigned in collaboration with Stanford's Digital Economy Lab.

As early as 2018, the Federal Reserve used ADP employment and earnings data. In mid-2025, ADP stopped providing data to the Federal Reserve. That same year, ADP began issuing the NER Pulse, a weekly preliminary U.S. estimate of the ADP National Employment Report.

Sumber: Wikipedia (English), CC BY-SA 4.0 · Lihat di Wikipedia ↗

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ADP Cuplikan Saham Harga, kapitalisasi pasar, P/E, EPS, ROE, utang/ekuitas, kisaran 52 minggu

Harga
$271.79
Kapitalisasi Pasar
$108.12B
P/E (TTM)
24.8
EPS (TTM)
$10.94
Pendapatan (TTM)
$21.95B
Imbal Hasil Dividen
2.4%
ROE
71.0%
D/E Utang/Ekuitas
0.8
Rentang 52M
$188 – $310

ADP Grafik Harga Saham OHLCV harian dengan indikator teknis — geser, perbesar, dan sesuaikan tampilan Anda

Kinerja 10 Tahun Tren Pendapatan, laba bersih, margin, dan EPS

Pendapatan & Laba Bersih $21.95B
10-point trend, +77.4%
2017-06-30 → 2026-06-30
EPS $10.94
10-point trend, +175.6%
2017-06-30 → 2026-06-30
Arus Kas Bebas —
Margin 20.1%

Valuasi Rasio P/E, P/S, P/B, EV/EBITDA — apakah sahamnya mahal atau murah?

Metrik
Tren 5 Tahun
ADP
Median Rekan
P/E (TTM)
5-point trend, -31.8%
24.8
29.3
P/S (TTM)
5-point trend, -23.4%
4.9
0.6
P/B
5-point trend, -45.5%
17.9
1.6
EV / EBITDA
5-point trend, -11.2%
185.8
—

Profitabilitas Margin kotor, operasional, dan bersih; ROE, ROA, ROIC

Metrik
Tren 5 Tahun
ADP
Median Rekan
Net Profit Margin (Margin Laba Bersih)
5-point trend, +12.5%
20.1%
-5.4%
ROA
5-point trend, +43.6%
7.6%
-7.0%
ROE
5-point trend, -10.6%
71.0%
-11.1%

Kesehatan Keuangan Utang, likuiditas, solvabilitas — kekuatan neraca

Metrik
Tren 5 Tahun
ADP
Median Rekan
Debt / Equity (Utang / Ekuitas)
5-point trend, -11.1%
0.8
57.6
Current Ratio (Rasio Lancar)
5-point trend, +5.7%
1.1
1.1
Quick Ratio (Rasio Cepat)
5-point trend, +83.5%
0.2
—

Pertumbuhan Pertumbuhan Pendapatan, EPS, dan Laba Bersih: YoY, CAGR 3T, CAGR 5T

Metrik
Tren 5 Tahun
ADP
Median Rekan
Revenue YoY (Pendapatan YoY)
5-point trend, +33.0%
6.7%
—
Revenue CAGR 3Y (CAGR Pendapatan 3T)
5-point trend, +33.0%
6.8%
—
Revenue CAGR 5Y (CAGR Pendapatan 5T)
5-point trend, +33.0%
7.9%
—
EPS YoY
5-point trend, +56.3%
9.6%
—
Net Income YoY (Laba Bersih YoY)
5-point trend, +49.7%
8.2%
—

Metrik Per Saham EPS, nilai buku per saham, arus kas per saham, dividen per saham

Metrik
Tren 5 Tahun
ADP
Median Rekan
EPS (Diluted)
5-point trend, +56.3%
$10.94
—

Efisiensi Modal Perputaran aset, perputaran persediaan, perputaran piutang

Metrik
Tren 5 Tahun
ADP
Median Rekan
Payout Ratio (Rasio Pembayaran Dividen)
5-point trend, +5.8%
59.5%
—

Dividen Yield, rasio pembayaran, riwayat dividen, CAGR 5 tahun

Imbal Hasil Dividen
2.4%
Rasio Pembayaran Dividen
59.5%
CAGR Dividen 5T
—
Tanggal ex-dividenJumlah
12 Juni 2026$1,7000
13 Maret 2026$1,7000
12 Des. 2025$1,7000
12 Sep. 2025$1,5400
13 Juni 2025$1,5400
14 Maret 2025$1,5400
13 Des. 2024$1,5400
13 Sep. 2024$1,4000
14 Juni 2024$1,4000
7 Maret 2024$1,4000
7 Des. 2023$1,4000
7 Sep. 2023$1,2500
8 Juni 2023$1,2500
9 Maret 2023$1,2500
8 Des. 2022$1,2500
8 Sep. 2022$1,0400
9 Juni 2022$1,0400
10 Maret 2022$1,0400
9 Des. 2021$1,0400
9 Sep. 2021$0,9300

ADP Konsensus Analis Opini analis bullish dan bearish, target harga 12 bulan, potensi kenaikan

TAHAN 23 analis
  • Beli Kuat 3 13,0%
  • Beli 5 21,7%
  • Tahan 13 56,5%
  • Jual 1 4,3%
  • Jual Kuat 1 4,3%

Target Harga 12 Bulan

15 analis · 2026-08-15
Target median $286.00 +5,2%
Target rata-rata $286.67 +5,5%

Riwayat Pendapatan EPS aktual vs perkiraan, kejutan %, tingkat keberhasilan, tanggal pendapatan berikutnya

Kejutan Rata-rata
0.03%
Periode EPS Aktual EPS Estimasi Kejutan
30 Juni 2026 $2.64 $2.62 0.02%
31 Maret 2026 $3.38 $3.33 0.05%
31 Des. 2025 $2.62 $2.60 0.02%
30 Sep. 2025 $2.49 $2.46 0.03%
30 Juni 2025 $2.26 $2.25 0.01%
31 Maret 2025 $3.06 $3.00 0.06%

Perbandingan rekan (sub-industri GICS) Metrik utama vs rekan sektor

Ticker Kapitalisasi Pasar P/E Pendapatan YoY Margin Bersih ROE Margin Kotor
ADP $89.09B 20.5 6.7% 20.1% 71.0% —
PAYX $34.49B 19.8 16.9% 27.0% 46.2% —
PAYC $8.73B 19.7 8.9% 22.1% 26.3% 83.2%
PCTY $5.57B 21.2 11.0% 15.2% 23.3% 69.2%
RHI $2.75B 20.4 -7.2% 2.5% 10.3% 37.2%
KFY $3.34B 12.7 6.4% 9.4% 14.4% —
FA $2.53B -72.7 83.0% -2.2% -2.7% —
TNET $2.80B 18.5 -0.85% 3.1% 192.6% —
MAN — -102.5 0.58% -0.07% -0.64% 16.7%
NSP $1.46B -203.8 3.5% -0.10% -8.9% 13.2%

Fundamental Lengkap Semua metrik per tahun — laporan laba rugi, neraca, arus kas

Laporan Laba Rugi 16
Data Laporan Laba Rugi Tahunan untuk ADP
Metrik Tren 202620252024202320222021202020192018201720162015
Revenue 12-point trend, +100.6% $21.95B $20.56B $19.20B $18.01B $16.50B $15.01B $14.59B $14.11B $13.27B $12.37B $11.67B $10.94B
Cost of Revenue 12-point trend, +83.0% $11.76B $11.10B $10.48B $9.95B $9.46B $8.64B $8.45B $8.02B $7.76B $7.24B $6.84B $6.43B
R&D Expense 5-point trend, +28.8% $1.03B $989M $956M $845M $799M · · · · · · ·
SG&A Expense 12-point trend, +76.5% $4.41B $4.05B $3.78B $3.55B $3.23B $3.04B $3.00B $3.06B $2.96B $2.77B $2.64B $2.50B
Operating Expenses 12-point trend, +86.2% $16.63B $15.60B $14.62B $13.76B $12.78B $11.74B $11.56B $11.22B $10.82B $10.10B $9.53B $8.93B
Interest Expense 12-point trend, +6966.2% $459M $456M $361M $253M $82M $60M $107M $130M $103M $80M $56M $6M
Interest Income 12-point trend, +552.0% $371M $320M $241M $150M $41M $36M $84M $98M $84M $77M $62M $57M
Other Non-op 12-point trend, +549.7% $411M $354M $287M $184M $83M $96M $148M $111M $-172M $343M $100M $63M
Pretax Income 12-point trend, +176.7% $5.73B $5.31B $4.87B $4.44B $3.80B $3.36B $3.18B $3.01B $2.28B $2.62B $2.23B $2.07B
Income Tax 12-point trend, +89.7% $1.32B $1.23B $1.12B $1.03B $855M $763M $716M $713M $398M $829M $741M $694M
Net Income 12-point trend, +203.9% $4.41B $4.08B $3.75B $3.41B $2.95B $2.60B $2.47B $2.29B $1.88B $1.79B $1.49B $1.45B
EPS (Basic) 12-point trend, +257.3% $10.97 $10.02 $9.14 $8.25 $7.04 $6.10 $5.73 $5.27 $4.28 $3.99 $3.27 $3.07
EPS (Diluted) 12-point trend, +258.7% $10.94 $9.98 $9.10 $8.21 $7.00 $6.07 $5.70 $5.24 $4.25 $3.97 $3.25 $3.05
Shares (Basic) 12-point trend, -14.9% 402,300,000 407,100,000 410,600,000 413,700,000 418,800,000 426,300,000 430,800,000 435,000,000 440,600,000 447,800,000 457,000,000 472,600,000
Shares (Diluted) 12-point trend, -15.2% 403,300,000 408,700,000 412,200,000 415,700,000 421,100,000 428,100,000 432,700,000 437,600,000 443,300,000 450,300,000 459,100,000 475,800,000
EBITDA 12-point trend, +110.8% $586M $582M $562M $549M $515M $511M $480M $409M $378M $316M $289M $278M
Neraca 28
Data Neraca Tahunan untuk ADP
Metrik Tren 202620252024202320222021202020192018201720162015
Cash & Equivalents 12-point trend, +158.0% $4.23B $3.35B $2.91B $2.08B $1.44B $2.58B $1.91B $1.95B $2.17B $2.78B $3.19B $1.64B
Short-term Investments 12-point trend, -100.0% $0 $4.50B $384M $15M $47M $10M $0 $10M $3M $3M $24M $27M
Receivables 12-point trend, +127.6% $3.52B $3.58B $3.43B $3.01B $3.17B $2.73B $2.44B $2.44B $1.98B $1.70B $1.74B $1.55B
Other Current Assets 12-point trend, +16.6% $852M $841M $821M $744M $629M $533M $506M $509M $531M $883M $725M $731M
Current Assets 12-point trend, +82.4% $52.56B $43.25B $45.54B $42.17B $54.80B $40.74B $31.56B $34.34B $31.82B $32.66B $39.50B $28.81B
PP&E (Net) 12-point trend, -4.7% $641M $655M $686M $681M $653M $684M $704M $764M $794M $780M $685M $673M
PP&E (Gross) 12-point trend, +51.1% $2.68B $2.58B $2.50B $2.44B $2.28B $2.24B $2.23B $2.18B $2.14B $2.03B $1.84B $1.78B
Accum. Depreciation 12-point trend, +85.1% $2.04B $1.92B $1.82B $1.76B $1.63B $1.56B $1.52B $1.42B $1.34B $1.25B $1.16B $1.10B
Goodwill 12-point trend, +83.1% $3.28B $3.27B $2.35B $2.34B $2.30B $2.34B $2.31B $2.32B $2.24B $1.74B $1.68B $1.79B
Intangibles 12-point trend, +228.6% $1.65B $1.60B $1.34B $1.34B $1.33B $1.33B $1.22B $1.07B $886M $620M $534M $503M
Other Non-current Assets 12-point trend, +11.8% $1.42B $1.06B $1.10B $1.26B $937M $826M $458M $934M $699M $1.35B $1.24B $1.27B
Total Assets 12-point trend, +90.9% $63.19B $53.37B $54.36B $50.97B $63.07B $48.77B $39.17B $41.89B $38.85B $38.89B $43.67B $33.11B
Accounts Payable 12-point trend, -16.5% $162M $169M $101M $97M $110M $141M $102M $126M $135M $150M $152M $194M
Accrued Liabilities 12-point trend, +177.6% $3.22B $3.09B $3.35B $2.34B $2.11B $1.96B $1.98B $1.76B $1.55B $1.38B $1.25B $1.16B
Short-term Debt 12-point trend, +0.00 $0 $4.77B $0 $0 $0 $0 $1.00B $0 $0 $0 $0 $0
Current Liabilities 12-point trend, +84.5% $50.02B $41.28B $45.08B $42.77B $55.16B $38.09B $30.13B $32.63B $30.41B $29.82B $35.85B $27.11B
Capital Leases 8-point trend, +306700000.00 $307M $321M $329M $350M $371M $343M $344M $0 · · · ·
Deferred Tax 12-point trend, +97.0% $339M $164M $64M $74M $67M $483M $732M $660M $522M $163M $251M $172M
Other Non-current Liabilities 12-point trend, +77.2% $1.14B $1.06B $991M $934M $924M $834M $837M $799M $728M $830M $701M $644M
Total Liabilities 12-point trend, +102.0% $57.16B $47.18B $49.82B $47.46B $59.84B $43.10B $33.41B $36.49B $34.11B $33.20B $39.19B $28.30B
Total Debt 12-point trend, +4964100000.00 $4.96B $8.74B $2.99B $2.99B $2.99B $2.98B $2.00B $2.00B $2.00B $2.00B $0 $0
Common Stock Flat — no change across 12 periods $64M $64M $64M $64M $64M $64M $64M $64M $64M $64M $64M $64M
Retained Earnings 12-point trend, +100.3% $26.97B $25.24B $23.62B $22.12B $20.70B $19.45B $18.44B $17.50B $16.55B $14.73B $14.00B $13.46B
Treasury Stock 12-point trend, +154.1% $23.17B $21.02B $19.74B $18.47B $17.34B $15.39B $14.07B $13.09B $12.21B $11.30B $10.14B $9.12B
AOCI 12-point trend, -246.2% $-902M $-883M $-1.81B $-2.31B $-1.99B $11M $-15M $-257M $-680M $-383M $-215M $-261M
Stockholders' Equity 12-point trend, +25.4% $6.03B $6.19B $4.55B $3.51B $3.23B $5.67B $5.75B $5.40B $4.74B $3.98B $4.48B $4.81B
Liabilities + Equity 12-point trend, +90.9% $63.19B $53.37B $54.36B $50.97B $63.07B $48.77B $39.17B $41.89B $38.85B $37.18B $43.67B $33.11B
Shares Outstanding 12-point trend, -14.7% 397,800,000 405,300,000 408,100,000 412,100,000 416,100,000 423,700,000 429,900,000 434,200,000 438,800,000 445,000,000 455,700,000 466,400,000
Arus Kas 16
Data Arus Kas Tahunan untuk ADP
Metrik Tren 202620252024202320222021202020192018201720162015
D&A 12-point trend, +110.8% $586M $582M $562M $549M $515M $511M $480M $409M $378M $316M $289M $278M
Stock-based Comp 12-point trend, +69.4% $243M $266M $244M $220M $202M $175M $131M $167M $175M $139M $138M $143M
Deferred Tax 12-point trend, +1121.6% $156M $37M $-37M $-80M $37M $-251M $26M $9M $-152M $40M $700.0K $-15M
Amort. of Intangibles 12-point trend, +155.3% $385M $381M $372M $373M $344M $327M $287M $228M $204M $169M $153M $151M
Restructuring 3-point trend, -92.6% · · · · · · · $7M $44M $92M · ·
Other Non-cash 12-point trend, -9.3% $43M $-26M $-362M $106M $-603M $60M $-77M $-190M $341M $-71M $-60M $47M
Operating Cash Flow 12-point trend, +175.6% $5.44B $4.94B $4.16B $4.21B $3.10B $3.09B $3.03B $2.69B $2.52B $2.13B $1.90B $1.97B
Investing Cash Flow 12-point trend, -25.4% $-4.71B $-3.04B $-1.39B $-2.52B $-7.01B $-3.52B $3.16B $-2.20B $-2.50B $-1.11B $-869M $-3.76B
Debt Issued 8-point trend, +985700000.00 $986M $1.98B $0 $0 $0 $1.98B $0 $0 · · · ·
Net Debt Issued 12-point trend, +42908.7% $985M $979M $-900.0K $-1M $-900.0K $980M $-2M $-2M $-7M $-2M $-2M $-2M
Stock Repurchased 12-point trend, +33.8% $2.08B $1.28B $1.23B $1.12B $1.97B $1.37B $1.01B $938M $989M $1.26B $1.16B $1.56B
Net Stock Activity 12-point trend, -33.8% $-2.08B $-1.28B $-1.23B $-1.12B $-1.97B $-1.37B $-1.01B $-938M $-989M $-1.26B $-1.16B $-1.56B
Dividends Paid 12-point trend, +183.1% $2.63B $2.40B $2.18B $1.90B $1.66B $1.58B $1.47B $1.29B $1.06B $995M $944M $928M
Financing Cash Flow 12-point trend, +215.2% $4.88B $-6.97B $-1.43B $-15.68B $13.65B $6.44B $-5.89B $-208M $-1.66B $-8.28B $8.75B $1.55B
Net Change in Cash 12-point trend, +1717.9% $5.57B $-5.03B $1.31B $-14.01B $9.64B $6.09B $257M $254M $-1.64B $-7.28B $9.77B $-344M
Taxes Paid 12-point trend, +30.2% $1.01B $1.20B $1.19B $1.08B $857M $974M $677M $634M $530M $817M $652M $773M
Profitabilitas 5
Data Profitabilitas Tahunan untuk ADP
Metrik Tren 202620252024202320222021202020192018201720162015
Net Margin 12-point trend, +51.4% 20.1% 19.8% 19.5% 18.9% 17.9% 17.3% 16.9% 16.2% 12.2% 14.0% 12.8% 13.3%
Pretax Margin 12-point trend, +37.9% 26.1% 25.8% 25.4% 24.6% 23.1% 22.4% 21.8% 21.2% 16.3% 20.4% 19.1% 18.9%
EBITDA Margin 12-point trend, +5.1% 2.7% 2.8% 2.9% 3.0% 3.1% 3.4% 3.3% 2.9% 2.8% 2.5% 2.5% 2.5%
ROA 12-point trend, +69.7% 7.6% 7.6% 7.1% 6.0% 5.3% 5.9% 6.1% 5.7% 4.3% 4.3% 3.9% 4.5%
ROE 12-point trend, +180.7% 71.0% 72.4% 81.8% 94.7% 79.5% 45.8% 43.9% 45.2% 43.6% 41.0% 32.1% 25.3%
Likuiditas & Solvabilitas 4
Data Likuiditas & Solvabilitas Tahunan untuk ADP
Metrik Tren 202620252024202320222021202020192018201720162015
Current Ratio 12-point trend, -1.1% 1.1 1.0 1.0 1.0 1.0 1.1 1.0 1.1 1.1 1.1 1.1 1.1
Quick Ratio 12-point trend, +30.7% 0.2 0.3 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.1
Debt / Equity 12-point trend, +0.82 0.8 1.4 0.7 0.9 0.9 0.5 0.3 0.4 0.6 0.5 0.0 0.0
LT Debt / Equity 10-point trend, +63.5% 0.8 0.6 0.7 0.9 0.9 0.5 0.2 0.4 0.6 0.5 · ·
Efisiensi 2
Data Efisiensi Tahunan untuk ADP
Metrik Tren 202620252024202320222021202020192018201720162015
Asset Turnover 12-point trend, +12.2% 0.4 0.4 0.4 0.3 0.3 0.3 0.4 0.4 0.4 0.3 0.3 0.3
Receivables Turnover 12-point trend, -13.9% 6.2 5.9 6.0 5.8 5.6 5.8 6.0 6.4 7.2 7.2 7.1 7.2
Per Saham 6
Data Per Saham Tahunan untuk ADP
Metrik Tren 202620252024202320222021202020192018201720162015
Book Value / Share 12-point trend, +47.1% $15.16 $15.27 $11.14 $8.52 $7.75 $13.38 $13.38 $12.44 $7.88 $8.94 $9.83 $10.31
Revenue / Share 12-point trend, +136.7% $54.42 $50.31 $46.59 $43.33 $39.18 $35.05 $33.72 $32.39 $30.06 $27.49 $25.41 $22.99
Cash Flow / Share 12-point trend, +236.9% $13.49 $12.09 $10.09 $10.12 $7.36 $7.23 $6.99 $6.14 $5.67 $4.72 $4.05 $4.00
Cash / Share 12-point trend, +202.5% $10.63 $8.26 $7.14 $5.06 $3.45 $6.08 $4.44 $4.49 $4.95 $6.25 $7.00 $3.51
Dividend / Share 12-point trend, +240.5% $7 $6 $5 $5 $4 $4 $4 $3 $3 $2 $2 $2
EPS (TTM) 12-point trend, +258.7% $10.94 $9.98 $9.10 $8.21 $7.00 $6.07 $5.70 $5.24 $4.25 $3.97 $3.25 $3.05
Tingkat Pertumbuhan 10
Data Tingkat Pertumbuhan Tahunan untuk ADP
Metrik Tren 202620252024202320222021202020192018201720162015
Revenue YoY 6-point trend, +136.5% 6.7% 7.1% 6.6% 9.2% 10.0% 2.9% · · · · · ·
Revenue CAGR 3Y 4-point trend, -6.5% 6.8% 7.6% 8.6% 7.3% · · · · · · · ·
Revenue CAGR 5Y 2-point trend, +11.3% 7.9% 7.1% · · · · · · · · · ·
EPS YoY 6-point trend, +48.2% 9.6% 9.7% 10.8% 17.3% 15.3% 6.5% · · · · · ·
EPS CAGR 3Y 4-point trend, -22.4% 10.0% 12.6% 14.4% 12.9% · · · · · · · ·
EPS CAGR 5Y 2-point trend, +5.5% 12.5% 11.8% · · · · · · · · · ·
Net Income YoY 6-point trend, +52.9% 8.2% 8.7% 10.0% 15.7% 13.5% 5.3% · · · · · ·
Net Income CAGR 3Y 4-point trend, -21.5% 9.0% 11.4% 13.0% 11.4% · · · · · · · ·
Net Income CAGR 5Y 2-point trend, +5.6% 11.2% 10.6% · · · · · · · · · ·
Dividend CAGR 5Y 2-point trend, +4.7% 10.8% 10.3% · · · · · · · · · ·
Valuasi (TTM) 15
Data Valuasi (TTM) Tahunan untuk ADP
Metrik Tren 202620252024202320222021202020192018201720162015
Revenue TTM 12-point trend, +100.6% $21.95B $20.56B $19.20B $18.01B $16.50B $15.01B $14.59B $14.11B $13.27B $12.37B $11.67B $10.94B
Net Income TTM 12-point trend, +203.9% $4.41B $4.08B $3.75B $3.41B $2.95B $2.60B $2.47B $2.29B $1.88B $1.79B $1.49B $1.45B
Market Cap 12-point trend, +138.1% $89.09B $124.99B $97.41B $90.58B $87.40B $84.16B $64.01B $71.79B $58.86B $45.59B $41.87B $37.42B
Enterprise Value 12-point trend, +151.2% $89.82B $125.89B $97.10B $91.47B $88.90B $84.55B $64.10B $71.83B $58.69B $44.81B $38.65B $35.75B
P/E 12-point trend, -22.2% 20.5 30.9 26.2 26.8 30.0 32.7 26.1 31.6 31.6 25.8 28.3 26.3
P/S 12-point trend, +18.7% 4.1 6.1 5.1 5.0 5.3 5.6 4.4 5.1 4.4 3.7 3.6 3.4
P/B 12-point trend, +89.8% 14.8 20.2 21.4 25.8 27.1 14.8 11.1 13.3 17.0 11.5 9.3 7.8
P / Tangible Book 5-point trend, +183.5% 81.5 95.3 113.5 · · 42.1 28.7 · · · · ·
P / Cash Flow 12-point trend, -16.6% 16.4 25.3 23.4 21.5 28.2 27.2 21.2 26.7 23.4 21.4 22.5 19.6
EV / EBITDA 12-point trend, +19.2% 153.3 216.2 172.8 166.5 172.6 165.6 133.5 175.6 155.4 141.8 133.9 128.7
EV / Revenue 12-point trend, +25.2% 4.1 6.1 5.1 5.1 5.4 5.6 4.4 5.1 4.4 3.6 3.3 3.3
Dividend Yield 12-point trend, +19.0% 2.9% 1.9% 2.2% 2.1% 1.9% 1.9% 2.3% 1.8% 1.8% 2.2% 2.2% 2.5%
Earnings Yield 12-point trend, +28.7% 4.9% 3.2% 3.8% 3.7% 3.3% 3.1% 3.8% 3.2% 3.2% 3.9% 3.5% 3.8%
Payout Ratio 12-point trend, -6.8% 59.5% 58.8% 58.2% 55.8% 56.3% 60.6% 59.6% 56.4% 65.6% 57.4% 63.2% 63.9%
Annual Payout 12-point trend, +183.1% $2.63B $2.40B $2.18B $1.90B $1.66B $1.58B $1.47B $1.29B $1.06B $995M $944M $928M

Laporan Keuangan Laporan laba rugi, neraca, arus kas — tahunan, 5 tahun terakhir

Laporan Laba Rugi
2026-06-302025-06-302024-06-302023-06-302022-06-30
Pendapatan $21.95B$20.56B$19.20B$18.01B$16.50B
Laba Bersih $4.41B$4.08B$3.75B$3.41B$2.95B
EPS Dilusian $10.94$9.98$9.10$8.21$7.00
Neraca
2026-06-302025-06-302024-06-302023-06-302022-06-30
Utang / Ekuitas 0.81.40.70.90.9
Rasio Lancar 1.11.01.01.01.0
Rasio Cepat 0.20.30.10.10.1

ADP Panel Analis AI — Pandangan Bullish dan Bearish Debat 2026Q2: Claude, Grok, Gemini, ChatGPT tentang prospek saham

Babak 1 — Pandangan Awal

Grok NEUTRAL 0,75
↑ Bullish

Saya melihat dominasi penggajian ADP memberikan pendapatan yang lengket dan tahan resesi yang membenarkan profitabilitas premium. ROE 70% menunjukkan bahwa perusahaan mengubah ekuitas menjadi keuntungan jauh melampaui rekan-rekan seperti PAYX di 40%, berkat parit dari efek jaringan dan churn klien yang rendah. Margin bersih tetap stabil di 19,8%, membuktikan pengendalian biaya dalam model layanan margin tinggi. Bahkan setelah penurunan dari $326 menjadi $302, EPS datar di $10,14 menandakan stabilitas mendasar untuk tahun 2026.

↓ Bearish

Bacaan saya adalah perlambatan perekrutan siklis mengekspos kerentanan ADP, menekan valuasi yang membentang. P/E di 25x melebihi rekan-rekan seperti PAYC 15x, menyiratkan pasar melihat pembenaran pertumbuhan yang memudar. Utang/ekuitas di 144% meningkatkan risiko jika ketakutan keamanan kerja dari survei ADP sendiri pada 25 Maret memburuk. Target BMO pada 11 April yang dipangkas menjadi $234 menggarisbawahi tekanan struktural di tengah penurunan kapitalisasi pasar 16% sejak Q3.

Claude NEUTRAL 0,62
↑ Bullish

ADP adalah monopoli penggajian penghasil kas yang diperdagangkan dengan premi moderat dibandingkan rekan-rekannya meskipun memiliki imbal hasil yang secara struktural lebih unggul. ROE 70% memberi tahu Anda bahwa ADP mengekstrak keuntungan luar biasa dari setiap dolar modal pemegang saham — parit yang tidak dapat dipertahankan oleh sebagian besar perusahaan perangkat lunak. Pada 25,1x pendapatan tertinggal, valuasi sebenarnya telah terkompresi dari 30,6x setahun yang lalu, dan saham turun 7% dari puncak Juni. Jika ketenagakerjaan tetap stabil dan kekuatan harga ADP bertahan, imbal hasil dividen ditambah pertumbuhan satu digit menengah membenarkan kelipatan.

↓ Bearish

Dasar valuasi ADP runtuh karena pasar memperhitungkan kelemahan ketenagakerjaan struktural. BMO Capital memangkas target mereka menjadi $234 pada bulan April — potongan 23% dari level saat ini — mengutip tekanan siklis dan struktural. Laporan ketenagakerjaan ADP bulan Maret menunjukkan jumlah pekerjaan baru paling sedikit dalam beberapa bulan, hambatan langsung terhadap volume pemrosesan penggajian inti ADP. Dengan rasio utang terhadap ekuitas 144x, ADP memiliki fleksibilitas keuangan minimal jika pertumbuhan pendapatan terhenti. Saham sudah turun dari $326 pada bulan Juni; penurunan lebih lanjut di pasar tenaga kerja dapat memicu penilaian ulang di bawah 20x pendapatan.

Gemini NEUTRAL 0,75
↑ Bullish

ADP tetap menjadi benteng efisiensi operasional yang membenarkan valuasi premiumnya melalui konsistensi semata. Perusahaan memberikan pengembalian ekuitas 70,42%, yang merupakan tingkat profitabilitas elit yang membuktikan mereka mengekstrak nilai maksimum dari setiap dolar yang diinvestasikan oleh pemegang saham. Efisiensi ini didukung oleh margin laba bersih yang stabil sebesar 19,79%, yang berarti mereka mengubah hampir seperlima dari setiap dolar pendapatan menjadi laba bersih murni. Bahkan dengan hambatan siklis, kemampuan perusahaan untuk mempertahankan margin ini menunjukkan keunggulan kompetitif yang tahan lama yang membuat mereka menjadi standar emas untuk layanan penggajian.

↓ Bearish

Valuasi saat ini terputus dari realitas perlambatan pertumbuhan makroekonomi dan tekanan struktural di pasar tenaga kerja. Investor membayar kelipatan harga terhadap pendapatan tertinggal 25,15x, premi yang mengasumsikan pertumbuhan signifikan di masa depan yang mungkin tidak terwujud jika perekrutan melambat lebih lanjut. Selain itu, rasio utang terhadap ekuitas berada di 144,1, yang menunjukkan ketergantungan yang berat pada leverage untuk mendanai operasi dan pembelian kembali saham. Ketika sebuah perusahaan membawa utang sebanyak ini, setiap penurunan berkelanjutan dalam data ketenagakerjaan — seperti laporan kecemasan keamanan kerja baru-baru ini — membahayakan stabilitas pendapatannya, membuat saham terlihat mahal untuk lingkungan saat ini.

Chatgpt NEUTRAL 0,62
↑ Bullish

Saya pikir waralaba pemrosesan penggajian ADP yang tahan lama memberikan lintasan arus kas yang sangat dapat diprediksi hingga tahun 2026, bahkan melalui siklus. ROE TTM: 70,42%. Itu menandakan perusahaan mengubah ekuitas menjadi keuntungan dengan tingkat yang jauh di atas rekan layanan pada umumnya. Margin kotor TTM: 47,26%. Margin itu menunjukkan kekuatan harga dan leverage operasional dalam campuran layanannya. Margin bersih TTM: 19,79%. Tingkat itu mendukung arus kas yang solid dan kapasitas dividen bahkan jika pertumbuhan melambat.

↓ Bearish

Saya pikir ADP menghadapi hambatan struktural yang dapat membatasi kenaikan pada tahun 2026, terutama dari volume penggajian siklis dan tekanan harga. P/E TTM: 25,15x. Valuasi itu menetapkan pertumbuhan yang tahan lama dan menyisakan sedikit ruang untuk kesalahan jika permintaan melemah, terutama di tengah pasar tenaga kerja yang lebih ketat. Utang/Ekuitas: 144,1. Leverage itu dapat memperbesar penurunan pendapatan atau memaksa kebijakan keuangan yang lebih ketat selama perlambatan, membatasi pembelian kembali saham dan capex. Rasio lancar: 1,0541. Likuiditas tipis itu berarti risiko kredibilitas jika kebutuhan modal kerja meningkat atau investasi otomatisasi terhenti, berpotensi merusak dividen atau kapasitas utang.

Babak 2 — Tanggapan & Bantahan

Grok

Claude, pandangan Anda bahwa ADP diperdagangkan dengan premi moderat dibandingkan rekan-rekannya mengabaikan kesenjangan lebar dengan nama-nama dengan pertumbuhan lebih rendah seperti PAYC. P/E ADP 25x adalah 67% di atas PAYC 15x, menandakan pasar menuntut eksekusi yang sempurna pada pertumbuhan yang terancam oleh siklisitas penggajian untuk mengganggu pada Q2 2026. Kompresi dari 30x itu nyata, tetapi itu masih tidak menyisakan margin untuk perlambatan ketenagakerjaan yang ditandai oleh BMO.

Claude

Saya perlu menolak pandangan Gemini tentang rasio utang terhadap ekuitas itu. D/E 144x terlihat katastropik di atas kertas, tetapi leverage ADP sebenarnya adalah fitur dari model bisnisnya, bukan bug. Perusahaan menghasilkan $10,14 dalam EPS tertinggal pada neraca benteng yang didukung oleh pendapatan penggajian berulang — arus kas yang paling dapat diprediksi dalam perangkat lunak perusahaan. Gemini memperlakukan D/E seolah-olah itu adalah perusahaan manufaktur dengan pendapatan yang bergejolak; beban utang ADP berkelanjutan justru karena churn klien mendekati nol dan kekuatan harga itu nyata. Risiko sebenarnya bukanlah leverage itu sendiri — melainkan apakah ketenagakerjaan benar-benar berkontraksi cukup untuk mematahkan kelengketan pendapatan itu. Itulah panggilan makro yang harus kita perdebatkan, bukan struktur modal.

Gemini

Claude, poin Anda tentang runtuhnya dasar valuasi ADP sangat menarik, tetapi saya pikir Anda meremehkan risiko rasio utang terhadap ekuitas mereka sebesar 144,1. Leverage tinggi itu berarti bahwa dalam periode pertumbuhan ketenagakerjaan yang stagnan, sebagian besar arus kas mereka harus dialihkan untuk melayani utang daripada mendorong inovasi atau mengembalikan modal kepada pemegang saham. Sementara Anda melihat monopoli penggajian, saya melihat perusahaan yang telah menggunakan rekayasa keuangan untuk menopang pendapatan, meninggalkan mereka dengan sangat sedikit margin untuk kesalahan jika pasar tenaga kerja mendingin lebih lanjut.

Chatgpt

Claude, saya pikir argumen parit ROE Anda terdengar menarik, tetapi menafsirkannya sebagai penyeimbang untuk daya tahan ADP memerlukan nuansa. ROE TTM: 70,42%. Itu menyiratkan ADP memperoleh keuntungan jauh lebih banyak per dolar ekuitas daripada rekan-rekannya, tetapi tingkat itu hanya dapat dipertahankan jika leverage atau pembelian kembali terus meningkatkan angka daripada kekuatan harga aktual.

Babak 3 — Bantahan Akhir

G
Grok

Gemini, Claude lebih unggul dalam menafsirkan rasio utang terhadap ekuitas ADP sebesar 144,1. Leverage tinggi itu menggandakan imbal hasil dalam bisnis penggajian dengan pendapatan berulang yang kokoh dan churn mendekati nol, mengubah utang menjadi pengganda keuntungan daripada beban. Rasio lancar saat ini di 1,05 tetap aman di atas 1,0, mengkonfirmasi likuiditas dapat meredam perlambatan apa pun tanpa memaksa pengalihan kas. Struktur ini bertahan bahkan jika perekrutan tahun 2026 tetap lemah.

C
Claude

Saya ingin menolak klaim ChatGPT bahwa ROE 70% ADP dibengkakkan oleh leverage atau pembelian kembali daripada kekuatan harga. ChatGPT, itu adalah peringatan yang adil secara umum, tetapi data di sini tidak mendukungnya. Margin kotor ADP datar di 47,26% — itu adalah sinyal kekuatan harga yang Anda cari, dan itu tetap stabil selama empat kuartal. Jika lonjakan ROE hanya berasal dari rekayasa keuangan, kita akan melihat kompresi margin atau biaya utang yang meningkat yang menggerogoti margin bersih; sebaliknya, margin bersih berada di 19,79%, juga datar. Leverage itu nyata, tetapi itu membiayai bisnis dengan unit ekonomi yang tahan lama, bukan menutupi penurunan. Risiko sebenarnya yang ditandai oleh Grok — P/E 25x itu tidak menyisakan ruang untuk penurunan volume penggajian — itulah perdebatan yang layak diperdebatkan.

G
Gemini

Saya ingin memperluas bingkai, karena kita mengabaikan pergeseran struktural dalam siklus suku bunga. ChatGPT dan Claude memperdebatkan leverage, tetapi mereka melewatkan bahwa float besar ADP — dana klien yang ditahan antara pemrosesan penggajian dan pencairan — sangat sensitif terhadap suku bunga. Ketika The Fed memasuki potensi siklus pelonggaran pada tahun 2026, pendapatan bunga itu akan menguap, yang merupakan hambatan besar bagi margin laba bersih mereka sebesar 19,79%. Metrik ini mewakili persentase pendapatan yang disimpan ADP sebagai laba murni, dan akan menghadapi tekanan struktural yang tidak dapat sepenuhnya diimbangi oleh kelengketan penggajian.

C
Chatgpt

Claude, klaim parit ROE Anda berlebihan. ROE TTM: 70,42%. Tingkat itu dapat mencerminkan leverage dan pembelian kembali daripada kekuatan harga yang tahan lama, yang berarti itu mungkin tidak diterjemahkan menjadi arus kas berulang jika perekrutan melambat. Dalam kasus ADP, ujian sebenarnya adalah apakah arus kas dapat bertahan di bawah volume penggajian yang lebih lemah sambil tetap mendukung dividen dan capex. Bacaan saya adalah ROE tinggi menandakan Anda harus memeriksa risiko neraca daripada parit yang terjamin.

Prakiraan Harga

Model Target 3B Target 6B Alasan
G Grok Target 3B $298.00 Target 6B $310.00 Alasan Saya pikir parit penggajian ADP memberikan arus kas yang stabil yang menjaga saham mendekati $300 hingga Q2 2026 meskipun ada kelemahan tenaga kerja. Katalisnya adalah pendapatan Q2 ADP pada 31 Juli 2026, dengan EPS bertahan di $10,14 menandakan volume yang tahan terhadap churn dan membenarkan penilaian ulang. Risikonya adalah laporan pekerjaan ADP di bawah 100 ribu pada Mei 2026, mengkonfirmasi pembekuan perekrutan dan penurunan volume yang menghancurkan pendapatan berulang. Pada 25,1x P/E, saham di $292 sudah memperhitungkan kesempurnaan; stabilitas menghargai ekspansi ke 28x untuk $310, mencerminkan konversi ekuitas superior 70% ROE dibandingkan rekan-rekannya.
C Claude Target 3B $285.00 Target 6B $310.00 Alasan Parit penggajian ADP itu nyata, tetapi pasar dengan benar memperhitungkan hambatan ketenagakerjaan jangka pendek sebelum pemulihan H2 2026. Tesis saya: saham akan terkompresi lagi 2–3% selama tiga bulan karena volume penggajian Q2 mengecewakan, kemudian pulih 8–9% pada akhir tahun karena perekrutan stabil. Katalisnya adalah laporan pendapatan berikutnya dari ADP — jika mereka menurunkan panduan pertumbuhan volume, saham akan mencapai $280–285; jika mereka mempertahankan panduan, itu akan stabil di sini. Risikonya adalah hambatan suku bunga Gemini pada pendapatan float benar-benar terwujud dan memangkas margin bersih dari 19,79% menjadi 18%, memaksa penilaian ulang di bawah 23x P/E. Pada 25,1x pendapatan tertinggal, pasar membayar $10,14 EPS dikalikan kelipatan yang mengasumsikan stabilitas penggajian — satu laporan ketenagakerjaan yang buruk mematahkan asumsi itu.
G Gemini Target 3B $285.00 Target 6B $270.00 Alasan Tesis saya adalah bahwa valuasi ADP akan terkompresi karena pasar mengkalibrasi ulang untuk pendapatan bunga yang lebih rendah dan permintaan tenaga kerja yang mendingin. Katalis utama untuk pergerakan menuju target 6 bulan saya adalah laporan pendapatan Q4, di mana saya mengharapkan manajemen untuk menurunkan ekspektasi pendapatan bunga karena The Fed melonggarkan suku bunga. Sebaliknya, risiko utama adalah lonjakan perekrutan yang tiba-tiba yang meningkatkan volume penggajian, membuat pandangan bearish saya menjadi tidak berarti. Investor saat ini membayar kelipatan harga terhadap pendapatan 25,15x untuk saham ini. Rasio itu berarti pasar masih memperhitungkan pertumbuhan signifikan yang mungkin terbukti tidak berkelanjutan jika pasar tenaga kerja terus melemah sepanjang tahun 2026.
C Chatgpt Target 3B $305.00 Target 6B $325.00 Alasan Saya pikir ADP dapat naik lebih tinggi selama beberapa bulan ke depan pada arus kas penggajian yang tahan lama, dengan bias defensif yang seharusnya meredam volatilitas. Katalis: laporan pendapatan mendatang seharusnya menunjukkan volume yang bertahan dan margin yang stabil, secara moderat. Risiko: penurunan ketenagakerjaan yang lebih tajam atau panduan yang lebih lemah dapat mengkompresi kelipatan. P/E sekitar 25x berarti pasar memperhitungkan pertumbuhan yang kuat; jika pertumbuhan itu memudar, kelipatan bisa terkompresi, membatasi kenaikan.

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Sinyal Perdagangan Sinyal beli/jual terbaru dengan harga masuk dan rasio risiko/imbalan

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Pemilik institusional (13F) 2.511 pengaju · $46.3B total · Per tanggal 30 Juni 2026

Institusi yang melaporkan kepemilikan saham ini dalam SEC Form 13F triwulanan mereka. Hanya posisi panjang; satu pengaju dapat muncul dua kali untuk leg opsi terpisah. Kaki put/call offset yang besar biasanya mencerminkan pembuatan pasar atau inventaris yang dilindungi, bukan keyakinan arah.

Aktivitas institusional — Q2 2026 vs kuartal sebelumnya
Posisi baru Posisi yang keluar Meningkat Menurun Perubahan bersih saham
182 (-28 vs Kuartal sebelumnya) 149 (-116 vs Kuartal sebelumnya) 861 (+115 vs Kuartal sebelumnya) 849 (-162 vs Kuartal sebelumnya) +19.6M

Dibandingkan dengan Q1 2026. Pengajuan Formulir 13F SEC jatuh tempo dalam waktu 45 hari setelah akhir kuartal ditambah kelonggaran singkat untuk pengaju terlambat — kuartal yang masih dalam jangka waktu tersebut dilewati demi pasangan terakhir yang dilaporkan sepenuhnya.

Institusi Nilai Saham % dari 13F yang dilacak Tipe
VANGUARD CAPITAL MANAGEMENT LLC $5.844.160.681 26.095.828 12,63% Saham
STATE STREET CORP $4.599.899.274 20.389.160 9,94% Saham
GEODE CAPITAL MANAGEMENT, LLC $2.389.858.550 10.658.556 5,16% Saham
VANGUARD PORTFOLIO MANAGEMENT LLC $2.360.732.421 10.541.337 5,10% Saham
WELLINGTON MANAGEMENT GROUP LLP $2.146.029.093 9.582.626 4,64% Saham
Capital Research Global Investors $1.853.838.725 8.277.905 4,01% Saham
ALLIANCEBERNSTEIN L.P. $1.053.239.811 5.183.777 2,28% Saham
NORGES BANK $653.976.327 2.920.189 1,41% Saham
Ninety One UK Ltd $611.500.048 2.730.521 1,32% Saham
Fundsmith LLP $582.620.930 2.601.567 1,26% Saham
BANK OF AMERICA CORP /DE/ $577.076.949 2.576.812 1,25% Saham
VANGUARD FIDUCIARY TRUST CO $506.964.797 2.263.741 1,10% Saham
GOLDMAN SACHS GROUP INC $502.594.969 2.244.228 1,09% Saham
AMERIPRISE FINANCIAL INC $492.721.748 2.198.810 1,06% Saham
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO $487.656.500 2.177.524 1,05% Saham
Clearbridge Investments, LLC $481.594.871 2.150.457 1,04% Saham
DIMENSIONAL FUND ADVISORS LP $460.957.358 2.058.305 1,00% Saham
ROYAL BANK OF CANADA $310.512.000 1.386.524 0,67% Saham
UBS Group AG $291.093.345 1.299.814 0,63% Saham
ENVESTNET ASSET MANAGEMENT INC $284.735.407 1.271.429 0,62% Saham
ProShare Advisors LLC $274.842.414 1.227.249 0,59% Saham
BLS Capital Fondsmaeglerselskab A/S $256.081.002 1.143.474 0,55% Saham
Swiss National Bank $254.344.494 1.135.720 0,55% Saham
Mitsubishi UFJ Asset Management Co., Ltd. $247.983.429 1.107.309 0,54% Saham
RAYMOND JAMES FINANCIAL INC $245.613.417 1.096.733 0,53% Saham
VICTORY CAPITAL MANAGEMENT INC $244.301.680 1.090.876 0,53% Saham
National Pension Service $230.956.948 1.031.288 0,50% Saham
VANGUARD GROUP INC $226.494.359 880.513 0,49% Saham
Sumitomo Mitsui Trust Group, Inc. $217.283.232 970.231 0,47% Saham
Legal & General Group Plc $217.035.543 969.125 0,47% Saham
Robeco Institutional Asset Management B.V. $207.520.802 926.639 0,45% Saham
VANGUARD ASSET MANAGEMENT, Ltd $202.781.574 905.477 0,44% Saham
JANE STREET GROUP, LLC $201.353.445 899.100 0,44% Opsi beli
BlackRock, Inc. $200.149.490 893.724 0,43% Saham
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $198.332.532 976.142 0,43% Saham
Vanguard Global Advisers, LLC $195.910.788 874.797 0,42% Saham
PNC Financial Services Group, Inc. $192.107.221 857.813 0,42% Saham
AVIVA PLC $190.569.133 850.945 0,41% Saham
FUNDSMITH INVESTMENT SERVICES LTD. $184.459.553 823.664 0,40% Saham
Fayez Sarofim & Co $181.504.392 810.468 0,39% Saham
LPL Financial LLC $181.439.512 810.178 0,39% Saham
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $178.002.402 794.831 0,38% Saham
RHUMBLINE ADVISERS $168.521.795 752.498 0,36% Saham
TWO SIGMA INVESTMENTS, LP $161.267.739 720.106 0,35% Saham
CAPITAL COUNSEL LLC/NY $161.146.134 719.563 0,35% Saham
Bahl & Gaynor LLC $157.954.696 705.312 0,34% Saham
California Public Employees Retirement System $155.283.123 693.383 0,34% Saham
CANADA PENSION PLAN INVESTMENT BOARD $152.705.906 681.875 0,33% Saham
BNP PARIBAS FINANCIAL MARKETS $146.814.454 655.568 0,32% Saham
Giverny Capital Inc. $146.587.816 654.556 0,32% Saham
Local Pensions Partnership Investment Ltd $145.631.394 650.416 0,31% Saham
SUSQUEHANNA INTERNATIONAL GROUP, LLP $139.005.765 620.700 0,30% Opsi jual
Navera Investment Management Ltd. $135.220.948 603.879 0,29% Saham
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA $134.274.236 599.572 0,29% Saham
TD Asset Management Inc $133.668.589 596.868 0,29% Saham
JANE STREET GROUP, LLC $132.085.710 589.800 0,29% Opsi jual
Jefferies Financial Group Inc. $129.386.889 577.749 0,28% Saham
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $128.633.868 633.103 0,28% Saham
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $127.926.287 571.227 0,28% Saham
MORGAN STANLEY $124.380.038 555.392 0,27% Saham
BARCLAYS PLC $120.257.345 536.983 0,26% Saham
Williams Jones Wealth Management, LLC. $117.614.862 525.184 0,25% Saham
FEDERATED HERMES, INC. $111.649.377 498.546 0,24% Saham
Quantinno Capital Management LP $111.195.039 496.517 0,24% Saham
Vest Financial, LLC $110.394.137 492.941 0,24% Saham
WORLDQUANT MILLENNIUM ADVISORS LLC $109.464.073 488.788 0,24% Saham
MACKENZIE FINANCIAL CORP $108.776.546 485.718 0,24% Saham
Universal- Beteiligungs- und Servicegesellschaft mbH $107.116.926 477.612 0,23% Saham
FIFTH THIRD BANCORP $105.780.532 472.340 0,23% Saham
SUSQUEHANNA INTERNATIONAL GROUP, LLP $102.569.100 458.000 0,22% Opsi beli
MARSHALL WACE, LLP $98.970.000 441.929 0,21% Saham
PFA Pension, Forsikringsaktieselskab $97.971.620 437.471 0,21% Saham
NEW YORK STATE COMMON RETIREMENT FUND $95.947.122 428.431 0,21% Saham
CAPTRUST FINANCIAL ADVISORS $92.799.622 414.377 0,20% Saham
Baird Financial Group, Inc. $92.104.140 411.271 0,20% Saham
Corient Private Wealth LP $89.146.798 398.039 0,19% Saham
Bank Julius Baer & Co. Ltd, Zurich $88.513.593 394.545 0,19% Saham
D.A. DAVIDSON & CO. $85.021.393 379.644 0,18% Saham
BANK OF NOVA SCOTIA $78.899.601 352.309 0,17% Saham
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $78.192.143 349.150 0,17% Saham
STOREBRAND ASSET MANAGEMENT AS $77.958.115 348.105 0,17% Saham
NORDEA INVESTMENT MANAGEMENT AB $77.728.980 348.889 0,17% Saham
JONES FINANCIAL COMPANIES LLLP $76.883.202 343.920 0,17% Saham
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC $72.633.704 324.330 0,16% Saham
DANSKE BANK A/S $72.582.643 324.102 0,16% Saham
ADAGE CAPITAL PARTNERS GP, L.L.C. $71.949.760 321.276 0,16% Saham
AMERICAN CENTURY COMPANIES INC $71.946.678 321.262 0,16% Saham
&PARTNERS $71.379.926 318.744 0,15% Saham
Gotham Asset Management, LLC $69.237.502 309.165 0,15% Saham
NEOS Investment Management LLC $68.595.662 306.299 0,15% Saham
CITADEL ADVISORS LLC $67.968.825 303.500 0,15% Opsi beli
Pictet Asset Management Holding SA $67.814.523 302.811 0,15% Saham
US BANCORP \DE\ $67.575.344 301.743 0,15% Saham
NEUBERGER BERMAN GROUP LLC $67.436.234 301.122 0,15% Saham
Boston Trust Walden Corp $66.707.763 297.869 0,14% Saham
Value Partners Investments Inc. $66.294.167 296.491 0,14% Saham
APG Asset Management N.V. $64.327.693 328.403 0,14% Saham
Swedbank AB $61.469.348 274.478 0,13% Saham
BANK OF MONTREAL /CAN/ $60.813.399 271.549 0,13% Saham
Epoch Investment Partners, Inc. $59.884.902 267.403 0,13% Saham

Orang dalam perusahaan 96 orang dalam · 31 pejabat · 14 direktur

Orang Dalam Peran Aktivitas terakhir Saham dimiliki Beli 12m Jual 12m Bersih 12m
Gary C Butler President & CEO 1 Sep. 2011 A 450.603 0 0 $0
Mark D Benjamin Corp. VP 1 Sep. 2016 A 46.604 0 0 $0
Joseph H Timko Corp. VP 1 Sep. 2015 A 7.494 0 0 $0
Anish D Rajparia Corporate Vice President 1 Juli 2015 I 41.113 0 0 $0
Alan Sheiness Corporate Vice President 9 Feb. 2015 M 39.692 0 0 $0
Regina Lee Corporate Vice President 24 Nov. 2014 G 106.393 0 0 $0
Michael L Capone Corporate Vice President 19 Sep. 2014 F 2.468 0 0 $0
Steven Anenen Corporate Vice President 3 Sep. 2014 F 74.218 0 0 $0
Christopher R Reidy Corporate Vice President 4 Sep. 2012 A 71.150 0 0 $0
Benito Cachinero Corporate Vice President 8 Maret 2011 M 38.792 0 0 $0
Campbell B Langdon Corporate Vice President 9 Maret 2010 F 80.917 0 0 $0
James B Benson Corporate Vice President 9 Maret 2010 F 60.665 0 0 $0
Raymond L Colotti Corporate Vice President 9 Sep. 2009 A 31.662 0 0 $0
John J Gleason Corporate Vice President 10 Maret 2009 F 16.323 0 0 $0
Michael S Martone Corporate Vice President 10 Sep. 2008 A 147.783 0 0 $0
Alfred A Nietzel Corporate Vice President 14 Agu 2008 A 6.321 0 0 $0
George I Stoeckert Corporate Vice President 8 Agu 2008 M 129.595 0 0 $0
Janice M Colby Corporate Vice President 15 Mei 2007 D 21.783 0 0 $0
Arthur F Weinbach Chairman 3 Mei 2007 M 557.471 0 0 $0
Dan Sheldon Corporate Vice President 2 April 2007 D 12.846 0 0 $0
Richard J Daly Corporate Vice President 2 April 2007 D 75.624 0 0 $0
John P Hogan Corporate Vice President 2 April 2007 D 38.238 0 0 $0
Richard C Berke Corporate Vice President 2 April 2007 D 0 0 0 $0
Vincent R Coppola Corporate Vice President 7 Feb. 2007 M 18.924 0 0 $0
Karen E Dykstra Corporate Vice President 23 Maret 2006 M 51.807 0 0 $0
James D Aramanda Corporate Vice President 27 Jan. 2006 A — 0 0 $0
Harry G Durity Corporate Vice President 1 Jan. 2005 D 25.051 0 0 $0
Eugene A Hall Corporate Vice President 15 Juli 2004 D 56.901 0 0 $0
Peter H Op De Beeck Corporate Vice President 5 April 2004 S 17.719 0 0 $0
John D Barfitt Corporate Vice President 11 Agu 2003 A 16.785 0 0 $0
FRADIN RUSSELL P Corporate Vice President 11 Agu 2003 A 202.474 0 0 $0
Ellen R. Alemany Direktur 10 Nov. 2015 A 16.799 0 0 $0
Leslie A Brun Direktur 12 Nov. 2014 A 55.383 0 0 $0
Gregory D Brenneman Direktur 6 Agu 2014 M 27.534 0 0 $0
Gregory L Summe Direktur 25 Nov. 2013 M 22.366 0 0 $0
Enrique T Salem Direktur 13 Nov. 2012 A 13.512 0 0 $0
COOPERMAN LEON G Direktur 7 Juni 2011 M 52.064 0 0 $0
Sharon T Rowlands Direktur 9 Nov. 2010 A 11.310 0 0 $0
Charles H Noski Direktur 3 Maret 2010 A 7.593 0 0 $0
Frederic V Malek Direktur 11 Nov. 2008 A 18.934 0 0 $0
Henry Taub Direktur 5 Des. 2007 G 4.669.143 0 0 $0
Ann Dibble Jordan Direktur 14 Nov. 2006 A 400 0 0 $0
Harvey M Krueger Direktur 8 Nov. 2005 A 85.680 0 0 $0
Josh Weston Direktur 2 Jan. 2004 A — 0 0 $0
TISCH LAURENCE A Direktur 11 Agu 2003 A — 0 0 $0
AUTOMATIC DATA PROCESSING INC Pemilik 10% 30 Sep. 2014 J 0 0 0 $0
Peter J Hadley — 5 Agu 2026 A 12.400 0 0 $0
David Foskett — 5 Agu 2026 A 13.650 0 3 $-784.312
Jonathan S Lehberger — 5 Agu 2026 A 5.235 0 0 $0
Paul Boland — 5 Agu 2026 A 11.833 0 0 $0

Orang dalam dari pengajuan SEC Form 3/4/5; bersih = hanya P/S pasar terbuka

Aktivis & pemilik 5%+ 4 saham

Investor yang mengajukan Jadwal 13D SEC — kepemilikan manfaat di atas 5% dengan niat untuk memengaruhi penerbit (kepemilikan aktivis, kampanye dewan, M&A). Setiap baris menunjukkan status terbaru yang diketahui dari posisi pengaju tersebut.

Pengaju Diajukan Kepemilikan Status Tujuan Pengajuan
Pershing Square Capital Management, L.P., PS Management GP, LLC, William A. Ackman ×7 pengajuan 17 Agu 2018 — Pengajuan awal — SEC
30 Maret 2017 — Pengajuan awal — SEC
Orang pelapor yang tidak diungkapkan 15 Jan. 2003 — Pengajuan awal M&A / penjualan SEC
Orang pelapor yang tidak diungkapkan 25 Juni 2001 — Pengajuan awal M&A / penjualan SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Kepemilikan ETF Dimiliki oleh 252 ETF

Bobot mencerminkan kepemilikan ekuitas langsung (N-PORT) saja; dana berbasis leverage atau derivatif mungkin memiliki eksposur swap tambahan yang tidak ditampilkan.

Dana Bobot Unit Per tanggal Sumber
DIVB · iShares Trust 5,51% 355.855 SH 8 Agu 2026 Harian
SCHD · SCHWAB STRATEGIC TRUST 2,25% 9.616.942 NS 31 Mei 2026 N-PORT
SEMG · EA Series Trust 2,09% 5.971 NS 30 April 2026 N-PORT
QNXT · iShares Trust 2,03% 2.090 SH 8 Agu 2026 Harian
IGF · iShares Trust 1,98% 1.577.050 SH 8 Agu 2026 Harian
FDIV · EA Series Trust 1,96% 6.738 NS 30 April 2026 N-PORT
ESN · Northern Lights Fund Trust II 1,89% 23.800 NS 31 Mei 2026 N-PORT
SMRI · EA Series Trust 1,87% 47.814 NS 30 April 2026 N-PORT
RUNN · Strategic Trust 1,80% 28.085 NS 31 Mei 2026 N-PORT
ESLG · Strategy Shares 1,69% 1.548 NS 30 April 2026 N-PORT
NOBL · ProShares Trust 1,60% 799.581 NS 31 Mei 2026 N-PORT
TMDV · ProShares Trust 1,54% 307 NS 31 Mei 2026 N-PORT
IMCV · iShares Trust 1,53% 64.351 SH 8 Agu 2026 Harian
KNG · First Trust Exchange-Traded Fund IV 1,52% 241.677 NS 30 April 2026 N-PORT
ESUM · Strategy Shares 1,51% 10.983 NS 30 April 2026 N-PORT
ESLV · Strategy Shares 1,49% 825 NS 30 April 2026 N-PORT
RDVI · First Trust Exchange-Traded Fund IV 1,43% 207.077 NS 30 April 2026 N-PORT
FEGE · RBB Fund Trust 1,41% 122.567 NS 31 Mei 2026 N-PORT
RSPN · Invesco Exchange-Traded Fund Trust 1,31% 52.238 SH 8 Agu 2026 Harian
COWZ · Pacer Funds Trust 1,30% 1.118.386 NS 30 April 2026 N-PORT
QQWZ · Pacer Funds Trust 1,30% 2.873 NS 30 April 2026 N-PORT
IYJ · iShares Trust 1,28% 91.180 SH 8 Agu 2026 Harian
SRHQ · Elevation Series Trust 1,25% 11.374 NS 30 April 2026 N-PORT
FIDU · FIDELITY COVINGTON TRUST 1,23% 119.958 NS 30 April 2026 N-PORT
ESMV · iShares Trust 1,22% 351 SH 8 Agu 2026 Harian
CGUS · Capital Group Core Equity ETF 1,22% 594.180 NS 31 Mei 2026 N-PORT
VIS · VANGUARD WORLD FUND 1,21% 488.892 SH 8 Agu 2026 Harian
VALQ · AMERICAN CENTURY ETF TRUST 1,20% 18.840 NS 31 Mei 2026 N-PORT
QUAL · iShares Trust 1,18% 2.071.269 SH 8 Agu 2026 Harian
NUDV · Nushares ETF Trust 1,16% 2.471 NS 30 April 2026 N-PORT
DUSL · Direxion Shares ETF Trust 1,11% 2.827 NS 30 April 2026 N-PORT
SPLV · Invesco Exchange-Traded Fund Trust … 1,07% 284.025 SH 8 Agu 2026 Harian
EXI · iShares Trust 1,05% 56.286 SH 8 Agu 2026 Harian
SPHQ · Invesco Exchange-Traded Fund Trust 1,05% 760.114 SH 8 Agu 2026 Harian
UXI · ProShares Trust 1,04% 1.328 NS 31 Mei 2026 N-PORT
ALTL · Pacer Funds Trust 0,99% 4.500 NS 30 April 2026 N-PORT
LCOW · Pacer Funds Trust 0,98% 1.066 NS 30 April 2026 N-PORT
RILA · Spinnaker ETF Series 0,98% 1.945 NS 30 April 2026 N-PORT
CGCV · Capital Group Conservative Equity E… 0,98% 77.219 NS 31 Mei 2026 N-PORT
EQIN · Columbia ETF Trust I 0,93% 12.126 NS 30 April 2026 N-PORT
FLRG · FIDELITY COVINGTON TRUST 0,93% 12.393 NS 30 April 2026 N-PORT
QQQG · Pacer Funds Trust 0,93% 493 NS 30 April 2026 N-PORT
QQQE · Direxion Shares ETF Trust 0,91% 52.466 NS 30 April 2026 N-PORT
OUSA · ALPS ETF Trust 0,88% 29.620 NS 31 Mei 2026 N-PORT
SNPD · DBX ETF Trust 0,87% 102 NS 29 Mei 2026 N-PORT
GINX · RBB Fund, Inc. 0,82% 3.498 NS 31 Mei 2026 N-PORT
NULV · Nushares ETF Trust 0,81% 78.960 NS 30 April 2026 N-PORT
JSTC · Tidal Trust I 0,80% 12.119 NS 31 Mei 2026 N-PORT
IMCB · iShares Trust 0,75% 46.289 SH 8 Agu 2026 Harian
EVUS · iShares Trust 0,73% 10.079 SH 8 Agu 2026 Harian