Automatic Data Processing, Inc. $ADP Shares Sold by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA reduced its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 53.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,766 shares of the business services provider’s stock after selling 10,179 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Automatic Data Processing were worth $1,781,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Northcape Wealth Management LLC boosted its position in Automatic Data Processing by 0.6% during the fourth quarter. Northcape Wealth Management LLC now owns 6,577 shares of the business services provider’s stock worth $1,692,000 after acquiring an additional 39 shares during the last quarter. Rathbones Group PLC lifted its stake in shares of Automatic Data Processing by 1.1% during the 4th quarter. Rathbones Group PLC now owns 4,027 shares of the business services provider’s stock worth $1,036,000 after purchasing an additional 42 shares during the period. Zullo Investment Group Inc. boosted its holdings in shares of Automatic Data Processing by 2.3% during the fourth quarter. Zullo Investment Group Inc. now owns 1,885 shares of the business services provider’s stock worth $485,000 after purchasing an additional 42 shares during the last quarter. Trilogy Capital Inc. boosted its holdings in shares of Automatic Data Processing by 5.3% during the fourth quarter. Trilogy Capital Inc. now owns 850 shares of the business services provider’s stock worth $219,000 after purchasing an additional 43 shares during the last quarter. Finally, Blossom Wealth Management grew its position in shares of Automatic Data Processing by 3.1% in the fourth quarter. Blossom Wealth Management now owns 1,470 shares of the business services provider’s stock valued at $378,000 after purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 2.0%

NASDAQ ADP opened at $254.98 on Tuesday. The firm has a market capitalization of $101.92 billion, a price-to-earnings ratio of 23.79 and a beta of 0.83. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $315.98. The company’s 50 day moving average price is $232.26 and its 200 day moving average price is $224.24.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.30 by $0.07. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, sell-side analysts predict that Automatic Data Processing, Inc. will post 11.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ADP shares. Mizuho dropped their target price on Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. Wells Fargo & Company raised their price target on Automatic Data Processing from $214.00 to $248.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Jefferies Financial Group lowered their price target on Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. Morgan Stanley dropped their price objective on shares of 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, UBS Group increased their price objective on shares of Automatic Data Processing from $260.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $256.00.

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.