Van Cleef Asset Management Inc Buys 3,065 Shares of Automatic Data Processing, Inc. $ADP

Van Cleef Asset Management Inc grew its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 24.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,766 shares of the business services provider’s stock after acquiring an additional 3,065 shares during the period. Van Cleef Asset Management Inc’s holdings in Automatic Data Processing were worth $4,055,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Life Cycle Investment Partners Ltd bought a new stake in Automatic Data Processing during the 4th quarter worth approximately $136,707,000. Shelter Rock Management LLC bought a new stake in Automatic Data Processing during the 4th quarter worth approximately $920,000. Jefferies Financial Group Inc. increased its stake in Automatic Data Processing by 439.2% during the 4th quarter. Jefferies Financial Group Inc. now owns 51,341 shares of the business services provider’s stock worth $13,206,000 after purchasing an additional 41,820 shares in the last quarter. MQS Management LLC increased its stake in Automatic Data Processing by 117.7% during the 4th quarter. MQS Management LLC now owns 3,917 shares of the business services provider’s stock worth $1,008,000 after purchasing an additional 2,118 shares in the last quarter. Finally, SGL Investment Advisors Inc. increased its stake in Automatic Data Processing by 3.3% during the 4th quarter. SGL Investment Advisors Inc. now owns 1,762 shares of the business services provider’s stock worth $412,000 after purchasing an additional 57 shares in the last quarter. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $225.31 on Monday. The company’s fifty day simple moving average is $206.43 and its 200-day simple moving average is $232.01. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. The firm has a market cap of $90.06 billion, a PE ratio of 21.02 and a beta of 0.83. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the previous year, the firm posted $3.06 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities research analysts expect that Automatic Data Processing, Inc. will post 11.07 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be paid a $1.70 dividend. The ex-dividend date is Friday, June 12th. This represents a $6.80 annualized dividend and a dividend yield of 3.0%. Automatic Data Processing’s dividend payout ratio is 63.43%.

Insider Activity at Automatic Data Processing

In related news, VP Christopher D’ambrosio sold 543 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $208.45, for a total value of $113,188.35. Following the transaction, the vice president directly owned 8,912 shares in the company, valued at approximately $1,857,706.40. This represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ADP shares. Wells Fargo & Company raised Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 target price for the company in a research note on Monday, May 18th. UBS Group increased their target price on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Cantor Fitzgerald lowered their target price on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Morgan Stanley lowered their target price on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. Finally, Stifel Nicolaus lowered their target price on Automatic Data Processing from $270.00 to $240.00 in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $249.00.

About Automatic Data Processing

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.