Generali Asset Management SPA SGR Sells 2,984 Shares of Automatic Data Processing, Inc. $ADP

Generali Asset Management SPA SGR cut its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 6.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,348 shares of the business services provider’s stock after selling 2,984 shares during the period. Generali Asset Management SPA SGR’s holdings in Automatic Data Processing were worth $12,136,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Invesco LLC raised its holdings in shares of Automatic Data Processing by 1.8% during the third quarter. Invesco LLC now owns 5,572 shares of the business services provider’s stock valued at $1,635,000 after purchasing an additional 99 shares during the last quarter. Financial Consulate Inc. bought a new stake in Automatic Data Processing in the 3rd quarter worth approximately $41,000. Salomon & Ludwin LLC raised its stake in Automatic Data Processing by 78.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 463 shares of the business services provider’s stock valued at $135,000 after buying an additional 204 shares during the last quarter. West Branch Capital LLC raised its stake in Automatic Data Processing by 1.9% during the 3rd quarter. West Branch Capital LLC now owns 3,500 shares of the business services provider’s stock valued at $1,027,000 after buying an additional 65 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of Automatic Data Processing by 7.0% during the 3rd quarter. Mather Group LLC. now owns 15,336 shares of the business services provider’s stock valued at $4,501,000 after buying an additional 1,001 shares during the period. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Down 0.9%

ADP stock opened at $257.23 on Friday. The business’s 50-day moving average price is $258.79 and its 200-day moving average price is $285.08. The stock has a market cap of $104.04 billion, a P/E ratio of 25.39 and a beta of 0.86. 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 twelve month low of $247.18 and a twelve month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results 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 company had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter last year, the business earned $2.33 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Friday, December 12th were paid a dividend of $1.70 per share. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $1.54. The ex-dividend date was Friday, December 12th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.6%. Automatic Data Processing’s dividend payout ratio is presently 67.13%.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group cut their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. JPMorgan Chase & Co. dropped their target price on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Citigroup started coverage on Automatic Data Processing in a research note on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price target for the company. Jefferies Financial Group reiterated an “underperform” rating and issued a $230.00 price objective (down previously from $245.00) on shares of Automatic Data Processing in a research note on Tuesday, December 16th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and an average 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.