Automatic Data Processing, Inc. (NASDAQ:ADP) Is a Favorite Amongst Institutional Investors Who Own 81%
Automatic Data Processing, Inc. (NASDAQ:ADP) Is a Favorite Amongst Institutional Investors Who Own 81%
Key Insights
主要见解
- Institutions' substantial holdings in Automatic Data Processing implies that they have significant influence over the company's share price
- A total of 25 investors have a majority stake in the company with 47% ownership
- Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business
- 机构在自动数据处理公司中具有重要影响力,暗示着它们持有该公司的大量股份。
- 25位投资者拥有华力创通的多数股份,占有47%的所有权。
- 分析师预测以及所有者数据可以给我们提供有关业务前景的强烈想法。
If you want to know who really controls Automatic Data Processing, Inc. (NASDAQ:ADP), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 81% to be precise, is institutions. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
如果您想知道谁真正掌控Automatic Data Processing, Inc. (NASDAQ:ADP) ,那么您必须看看其股份登记簿的构成。在该公司中持有最多股份的集团,准确地说是约81%的机构。也就是说,如果股票上涨,该集团将获益最多(如果出现下降,则会失去最多)。
Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait.
由于机构业主拥有巨额资源和流动性资产,他们的投资决策往往具有很大的影响力,尤其是对个人投资者。因此,拥有大量机构资金投资于一家公司通常被视为一种理想的特征。
Let's delve deeper into each type of owner of Automatic Data Processing, beginning with the chart below.
让我们深入探讨Automatic Data Processing的每种所有者类型,从下面的图表开始。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240813/0-893e51a4dc6a7a92ad05b98698c62c2c-0-17668a95ccb1e48216f4cedd5d12daa5.png/big)
What Does The Institutional Ownership Tell Us About Automatic Data Processing?
机构持股情况能告诉我们有关自动数据处理公司的什么?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
许多机构衡量其业绩的标准是一个近似于当地市场的指数。因此,他们通常更加关注包括在主要指数中的公司。
We can see that Automatic Data Processing does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Automatic Data Processing's historic earnings and revenue below, but keep in mind there's always more to the story.
我们可以看到Automatic Data Processing确实拥有机构投资者,并且他们持有公司的很大一部分股票。这暗示着为那些机构工作的分析师们已经审查了该股票,并且他们喜欢它。但就像其他任何人一样,他们也可能会犯错。当多个机构拥有一支股票时,总会存在着它们处于一个 “拥挤交易” 的风险。当这样的交易出现问题时,多方可能会争相抛售股票。在一家没有增长历史的公司中,这种风险更高。您可以查看Automatic Data Processing的历史收益和营业收入,但请记住,故事永远不只有这些。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240813/0-893e51a4dc6a7a92ad05b98698c62c2c-1-02eb249b0286f30ed6c0fad9fff6ad64.png/big)
Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. We note that hedge funds don't have a meaningful investment in Automatic Data Processing. The Vanguard Group, Inc. is currently the company's largest shareholder with 9.8% of shares outstanding. BlackRock, Inc. is the second largest shareholder owning 8.3% of common stock, and State Street Global Advisors, Inc. holds about 4.4% of the company stock.
投资者应该注意,机构实际上拥有该公司的一半以上股份,因此能够共同行使重要的权力。我们注意到,对于Automatic Data Processing,对冲基金并没有意义。目前,The Vanguard Group,Inc.是该公司最大的股东,持有9.8%的流通股,BlackRock,Inc.是第二大股东,持有普通股的8.3%,而State Street Global Advisors,Inc.则持有约4.4%的公司股票。
Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.
我们的研究表明,前25大股东共控制了公司股份的不到一半,这意味着公司的股份广泛分散,没有主导股东。
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
虽然研究一个公司的机构持股数据是有意义的,但研究分析师预期增长也是有意义的,因为很多分析师都有关注这些股票,因此可以很容易地了解预期增长。
Insider Ownership Of Automatic Data Processing
Automatic Data Processing的内部所有权
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
虽然“内部人士”的明确定义具有主观性,但几乎所有人都认为董事会成员是内部人士。公司管理业务,但首席执行官即使是董事会成员,也要向董事会负责。
I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.
我通常认为内部人士持股是一件好事。但是,在某些情况下,它会使其他股东更难以对董事会的决定进行问责。
Our most recent data indicates that insiders own less than 1% of Automatic Data Processing, Inc.. Being so large, we would not expect insiders to own a large proportion of the stock. Collectively, they own US$137m of stock. In this sort of situation, it can be more interesting to see if those insiders have been buying or selling.
我们最近的数据表明,内部人员拥有的Automatic Data Processing, Inc.的股份不到1%。由于如此的规模,我们不希望内部人员拥有大量股份。总体而言,他们拥有价值1370万美元的股票。在这种情况下,更有趣的是看看那些内幕人员是否一直在买进或卖出。
General Public Ownership
一般大众所有权
The general public-- including retail investors -- own 18% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
一般公众,包括散户投资者,在该公司中拥有18%的股份,因此不能被轻易忽视。尽管拥有的股份相当可观,但如果政策决策不符合其他大股东的利益,它可能无法改变公司的政策。
Next Steps:
下一步:
While it is well worth considering the different groups that own a company, there are other factors that are even more important.
虽然考虑所有拥有一家公司的群体很重要,但还有其他更重要的因素。
Many find it useful to take an in depth look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.
很多人觉得深入了解一家公司过去的表现是有用的。您可以访问此详细的过去收益、营业收入和现金流量图。
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
如果您希望了解分析师在未来增长方面的预测,请务必不要错过这份免费报告。
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
注:本文中的数据是使用最后一个财务报表日期结束的为期12个月的数据计算的。这可能与全年年度报告数据不一致。
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