Lbp Am Sa Raises Stock Position in Automatic Data Processing, Inc. $ADP

Lbp Am Sa lifted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 20.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,171 shares of the business services provider’s stock after purchasing an additional 13,303 shares during the period. Lbp Am Sa’s holdings in Automatic Data Processing were worth $22,943,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ADP. Jacobsen Capital Management grew its stake in shares of Automatic Data Processing by 3.8% in the second quarter. Jacobsen Capital Management now owns 907 shares of the business services provider’s stock worth $280,000 after acquiring an additional 33 shares in the last quarter. Signature Wealth Management Group increased its holdings in Automatic Data Processing by 2.3% during the 2nd quarter. Signature Wealth Management Group now owns 1,450 shares of the business services provider’s stock worth $447,000 after purchasing an additional 33 shares during the period. Ameritas Advisory Services LLC boosted its stake in shares of Automatic Data Processing by 2.1% in the 2nd quarter. Ameritas Advisory Services LLC now owns 1,629 shares of the business services provider’s stock valued at $502,000 after buying an additional 34 shares during the period. PGIM Custom Harvest LLC grew 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 buying an additional 34 shares in the last quarter. Finally, Texas Yale Capital Corp. increased its stake in shares of Automatic Data Processing by 0.4% during the second quarter. Texas Yale Capital Corp. now owns 8,333 shares of the business services provider’s stock worth $2,570,000 after buying an additional 35 shares during the period. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Trading Down 0.8%

ADP opened at $257.87 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a 52 week low of $247.18 and a 52 week high of $329.93. The business’s 50 day moving average is $258.30 and its two-hundred day moving average is $279.42. The firm has a market cap of $104.30 billion, a price-to-earnings ratio of 25.46 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.05. The business had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.14 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.33 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, research analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $1.70 dividend. The ex-dividend date is Friday, March 13th. This represents a $6.80 dividend on an annualized basis and a yield of 2.6%. Automatic Data Processing’s payout ratio is currently 67.13%.

Automatic Data Processing declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the business services provider to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ADP. Jefferies Financial Group reaffirmed an “underperform” rating and set a $230.00 price objective (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 Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Automatic Data Processing in a report on Monday, December 29th. Citigroup initiated coverage on Automatic Data Processing in a research note on Thursday, October 23rd. They set a “neutral” rating and a $303.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their price target on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $306.42.

Insider Activity

In related news, VP Christopher D’ambrosio sold 543 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $262.29, for a total transaction of $142,423.47. Following the transaction, the vice president owned 9,998 shares of the company’s stock, valued at $2,622,375.42. This trade represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP David Kwon sold 806 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $264.80, for a total value of $213,428.80. Following the completion of the transaction, the vice president owned 11,187 shares in the company, valued at $2,962,317.60. This trade represents a 6.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,249 shares of company stock valued at $589,852 in the last quarter. 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.