Achmea Investment Management B.V. Decreases Stock Holdings in Automatic Data Processing, Inc. $ADP

Achmea Investment Management B.V. lowered its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 7.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,378 shares of the business services provider’s stock after selling 7,513 shares during the period. Achmea Investment Management B.V.’s holdings in Automatic Data Processing were worth $25,646,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WBI Investments LLC boosted its position in shares of Automatic Data Processing by 36.4% in the third quarter. WBI Investments LLC now owns 3,282 shares of the business services provider’s stock worth $963,000 after buying an additional 875 shares during the period. Coldstream Capital Management Inc. raised its holdings in shares of Automatic Data Processing by 10.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 10,620 shares of the business services provider’s stock valued at $3,119,000 after buying an additional 1,048 shares during the period. Danske Bank A S purchased a new stake in shares of Automatic Data Processing during the 3rd quarter valued at about $74,568,000. Caitong International Asset Management Co. Ltd lifted its position in Automatic Data Processing by 1,051.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 380 shares of the business services provider’s stock worth $112,000 after acquiring an additional 347 shares in the last quarter. Finally, Stance Capital LLC lifted its position in Automatic Data Processing by 8.0% during the 3rd quarter. Stance Capital LLC now owns 4,578 shares of the business services provider’s stock worth $1,344,000 after acquiring an additional 341 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ADP shares. Citigroup lowered their price objective on shares of Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th. Stifel Nicolaus dropped their price objective on shares of Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating on the stock in a research note on Monday, February 9th. JPMorgan Chase & Co. reduced their target price on shares of Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating on the stock in a research report on Thursday, January 29th. Morgan Stanley decreased their target price 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 Thursday, January 29th. Finally, Cantor Fitzgerald assumed coverage on shares of Automatic Data Processing in a research note on Tuesday, January 27th. They set an “overweight” rating and a $306.00 price target on the stock. 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 stock. According to data from MarketBeat, Automatic Data Processing has a consensus rating of “Hold” and an average price target of $290.00.

Insider Buying and Selling at Automatic Data Processing

In other news, VP Brian L. Michaud sold 1,000 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $234.18, for a total transaction of $234,180.00. Following the transaction, the vice president owned 15,310 shares in the company, valued at $3,585,295.80. This represents a 6.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Christopher D’ambrosio sold 543 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $208.45, for a total transaction of $113,188.35. Following the transaction, the vice president owned 8,912 shares in the company, valued at $1,857,706.40. This represents a 5.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 4,058 shares of company stock valued at $1,000,263. 0.20% of the stock is currently owned by insiders.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $209.73 on Wednesday. Automatic Data Processing, Inc. has a fifty-two week low of $203.26 and a fifty-two week high of $329.93. The stock’s 50-day moving average is $232.59 and its two-hundred day moving average is $258.30. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $84.45 billion, a P/E ratio of 20.17 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. Analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, March 13th. Automatic Data Processing’s payout ratio is currently 65.38%.

Automatic Data Processing announced that its Board of Directors has authorized a share repurchase program on Wednesday, January 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the business services provider to buy up to 5.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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.