Automatic Data Processing, Inc. $ADP Position Cut by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 131,540 shares of the business services provider’s stock after selling 2,728 shares during the period. Vontobel Holding Ltd.’s holdings in Automatic Data Processing were worth $38,607,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Treasurer of the State of North Carolina boosted its holdings in shares of Automatic Data Processing by 35.2% in the second quarter. Treasurer of the State of North Carolina now owns 312,473 shares of the business services provider’s stock valued at $96,367,000 after acquiring an additional 81,323 shares in the last quarter. Advisory Alpha LLC boosted its stake in Automatic Data Processing by 130.2% during the 1st quarter. Advisory Alpha LLC now owns 4,416 shares of the business services provider’s stock valued at $1,349,000 after purchasing an additional 2,498 shares in the last quarter. Meiji Yasuda Life Insurance Co boosted its stake in Automatic Data Processing by 4.4% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 32,478 shares of the business services provider’s stock valued at $9,923,000 after purchasing an additional 1,375 shares in the last quarter. MGO One Seven LLC increased its position in shares of Automatic Data Processing by 18.3% during the 2nd quarter. MGO One Seven LLC now owns 13,578 shares of the business services provider’s stock valued at $4,187,000 after purchasing an additional 2,105 shares during the period. Finally, Peak Financial Advisors LLC bought a new stake in shares of Automatic Data Processing in the 3rd quarter worth $2,309,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of ADP opened at $257.46 on Wednesday. Automatic Data Processing, Inc. has a one year low of $247.18 and a one year high of $329.93. The company has a 50-day moving average of $262.19 and a two-hundred day moving average of $287.36. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $104.13 billion, a price-to-earnings ratio of 25.32 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 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.05. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The firm had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the business posted $2.33 EPS. The company’s revenue was up 7.1% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, equities research analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 12th will be paid a dividend of $1.70 per share. This is a boost from Automatic Data Processing’s previous quarterly dividend of $1.54. The ex-dividend date of this dividend is Friday, December 12th. This represents a $6.80 annualized dividend and a yield of 2.6%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 67.13%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ADP. Jefferies Financial Group reiterated an “underperform” rating and issued a $230.00 price target (down from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. Citigroup started coverage on shares of Automatic Data Processing in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. UBS Group reduced their target price on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. Finally, Wells Fargo & Company decreased their price target on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $306.42.

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.