Groupama Asset Managment Grows Stake in Automatic Data Processing, Inc. $ADP

Groupama Asset Managment raised its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 106.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,694 shares of the business services provider’s stock after buying an additional 4,992 shares during the quarter. Groupama Asset Managment’s holdings in Automatic Data Processing were worth $2,845,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ADP. Imprint Wealth LLC bought a new position in shares of Automatic Data Processing during the third quarter valued at approximately $25,000. Howard Hughes Medical Institute bought a new stake in Automatic Data Processing in the second quarter valued at $27,000. TruNorth Capital Management LLC purchased a new position in Automatic Data Processing during the 3rd quarter valued at $28,000. Cloud Capital Management LLC purchased a new position in Automatic Data Processing during the 3rd quarter valued at $29,000. Finally, Y.D. More Investments Ltd bought a new position in Automatic Data Processing in the 3rd quarter worth $32,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ADP. Guggenheim assumed coverage on shares of Automatic Data Processing in a research report on Thursday. They issued a “buy” rating and a $270.00 target price for the company. Jefferies Financial Group reiterated an “underperform” rating and set a $230.00 price target (down from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. Wells Fargo & Company decreased their price target on shares of Automatic Data Processing from $272.00 to $262.00 and set an “underweight” rating for the company in a research note on Thursday, January 29th. Stifel Nicolaus lowered their price objective on shares of Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating for the company in a report on Monday, February 9th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $288.46.

Insider Buying and Selling at Automatic Data Processing

In other news, VP Brian L. Michaud sold 1,000 shares of Automatic Data Processing stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $234.18, for a total transaction of $234,180.00. Following the completion of the transaction, the vice president directly owned 15,310 shares in the company, valued at approximately $3,585,295.80. This trade represents a 6.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $262.29, for a total value of $142,423.47. Following the completion of the sale, the vice president directly owned 9,998 shares in the company, valued at approximately $2,622,375.42. This represents a 5.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 4,058 shares of company stock worth $1,000,263 over the last three months. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $210.66 on Friday. Automatic Data Processing, Inc. has a 12 month low of $203.26 and a 12 month high of $329.93. The stock has a market cap of $84.82 billion, a PE ratio of 20.26 and a beta of 0.86. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. The company’s fifty day moving average price is $230.43 and its 200-day moving average price is $257.62.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, January 28th. The business services provider reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.05. Automatic Data Processing had a net margin of 19.96% and a return on equity of 68.44%. The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same period last year, the business earned $2.35 EPS. Automatic Data Processing’s quarterly revenue was up 6.2% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. On average, equities analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.2%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 65.38%.

Automatic Data Processing declared that its board has initiated a stock repurchase program on Wednesday, January 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the business services provider to buy up to 5.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.