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
主要見解
- 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
- 機構在自動數據處理公司中具有重要影響力,暗示着它們持有該公司的大量股份。
- 25位投資者擁有華力創通的多數股份,佔有47%的所有權。
- 分析師預測以及所有者數據可以給我們提供有關業務前景的強烈想法。
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).
如果您想知道誰真正掌控Automatic Data Processing, Inc. (NASDAQ:ADP) ,那麼您必須看看其股份登記簿的構成。在該公司中持有最多股份的集團,準確地說是約81%的機構。也就是說,如果股票上漲,該集團將獲益最多(如果出現下降,則會失去最多)。
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.
由於機構業主擁有巨額資源和流動性資產,他們的投資決策往往具有很大的影響力,尤其是對個人投資者。因此,擁有大量機構資金投資於一家公司通常被視爲一種理想的特徵。
Let's delve deeper into each type of owner of Automatic Data Processing, beginning with the chart below.
讓我們深入探討Automatic Data Processing的每種所有者類型,從下面的圖表開始。
![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?
機構持股情況能告訴我們有關自動數據處理公司的什麼?
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.
許多機構衡量其業績的標準是一個近似於當地市場的指數。因此,他們通常更加關注包括在主要指數中的公司。
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.
我們可以看到Automatic Data Processing確實擁有機構投資者,並且他們持有公司的很大一部分股票。這暗示着爲那些機構工作的分析師們已經審查了該股票,並且他們喜歡它。但就像其他任何人一樣,他們也可能會犯錯。當多個機構擁有一支股票時,總會存在着它們處於一個 「擁擠交易」 的風險。當這樣的交易出現問題時,多方可能會爭相拋售股票。在一家沒有增長曆史的公司中,這種風險更高。您可以查看Automatic Data Processing的歷史收益和營業收入,但請記住,故事永遠不只有這些。
![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.
投資者應該注意,機構實際上擁有該公司的一半以上股份,因此能夠共同行使重要的權力。我們注意到,對於Automatic Data Processing,對沖基金並沒有意義。目前,The Vanguard Group,Inc.是該公司最大的股東,持有9.8%的流通股,BlackRock,Inc.是第二大股東,持有普通股的8.3%,而State Street Global Advisors,Inc.則持有約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.
我們的研究表明,前25大股東共控制了公司股份的不到一半,這意味着公司的股份廣泛分散,沒有主導股東。
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.
雖然研究一個公司的機構持股數據是有意義的,但研究分析師預期增長也是有意義的,因爲很多分析師都有關注這些股票,因此可以很容易地了解預期增長。
Insider Ownership Of Automatic Data Processing
Automatic Data Processing的內部所有權
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.
雖然「內部人士」的明確定義具有主觀性,但幾乎所有人都認爲董事會成員是內部人士。公司管理業務,但首席執行官即使是董事會成員,也要向董事會負責。
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.
我通常認爲內部人士持股是一件好事。但是,在某些情況下,它會使其他股東更難以對董事會的決定進行問責。
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.
我們最近的數據表明,內部人員擁有的Automatic Data Processing, Inc.的股份不到1%。由於如此的規模,我們不希望內部人員擁有大量股份。總體而言,他們擁有價值1370萬美元的股票。在這種情況下,更有趣的是看看那些內幕人員是否一直在買進或賣出。
General Public Ownership
一般大衆所有權
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.
一般公衆,包括散戶投資者,在該公司中擁有18%的股份,因此不能被輕易忽視。儘管擁有的股份相當可觀,但如果政策決策不符合其他大股東的利益,它可能無法改變公司的政策。
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.
雖然考慮所有擁有一家公司的群體很重要,但還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.
很多人覺得深入了解一家公司過去的表現是有用的。您可以訪問此詳細的過去收益、營業收入和現金流量圖。
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師在未來增長方面的預測,請務必不要錯過這份免費報告。
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:本文中的數據是使用最後一個財務報表日期結束的爲期12個月的數據計算的。這可能與全年年度報告數據不一致。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。