Automatic Data Processing, Inc. $ADP Stock Holdings Lifted by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 157,596 shares of the business services provider’s stock after buying an additional 3,731 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Automatic Data Processing were worth $40,538,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. PGIM Custom Harvest LLC raised its position in shares of Automatic Data Processing by 4.9% during the second quarter. PGIM Custom Harvest LLC now owns 722 shares of the business services provider’s stock worth $223,000 after purchasing an additional 34 shares during the period. Heritage Wealth Management Inc. boosted its position in shares of Automatic Data Processing by 1.1% in the 2nd quarter. Heritage Wealth Management Inc. now owns 3,340 shares of the business services provider’s stock valued at $1,030,000 after purchasing an additional 35 shares during the period. Fairvoy Private Wealth LLC boosted its position in shares of Automatic Data Processing by 4.2% in the 3rd quarter. Fairvoy Private Wealth LLC now owns 863 shares of the business services provider’s stock valued at $253,000 after purchasing an additional 35 shares during the period. Central Pacific Bank Trust Division increased its stake in Automatic Data Processing by 4.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 889 shares of the business services provider’s stock worth $261,000 after purchasing an additional 37 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC increased its stake in Automatic Data Processing by 2.7% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 1,431 shares of the business services provider’s stock worth $420,000 after purchasing an additional 38 shares in the last quarter. 80.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ADP shares. JPMorgan Chase & Co. reduced their price objective on shares of Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating for the company in a research note on Thursday, January 29th. Guggenheim began coverage on shares of Automatic Data Processing in a research report on Thursday, March 19th. They issued a “buy” rating and a $270.00 target price on the stock. Stifel Nicolaus cut their price target on shares of Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating on the stock in a report on Monday, February 9th. Morgan Stanley reduced their price target on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a research report on Thursday, January 29th. Finally, Wells Fargo & Company decreased their price objective on shares of Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating for the company in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and a consensus target price of $284.77.

Automatic Data Processing Trading Up 2.1%

NASDAQ ADP opened at $205.47 on Tuesday. Automatic Data Processing, Inc. has a 1-year low of $198.59 and a 1-year high of $329.93. The firm’s fifty day simple moving average is $222.65 and its 200-day simple moving average is $252.45. 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 has a market capitalization of $82.73 billion, a PE ratio of 19.76 and a beta of 0.86.

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

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, March 13th. Automatic Data Processing’s dividend payout ratio (DPR) is 65.38%.

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

Insider Buying and Selling

In other Automatic Data Processing news, VP David Foskett sold 266 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $237.00, for a total transaction of $63,042.00. Following the transaction, the vice president owned 10,954 shares in the company, valued at $2,596,098. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the completion of the sale, the vice president owned 8,912 shares of the company’s stock, valued at $1,857,706.40. The trade was a 5.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,058 shares of company stock valued at $1,000,263 in the last quarter. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing 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.