Banco Bilbao Vizcaya Argentaria S.A. Has $4.86 Million Stake in Automatic Data Processing, Inc. $ADP

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 47.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,633 shares of the business services provider’s stock after acquiring an additional 5,334 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Automatic Data Processing were worth $4,863,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Imprint Wealth LLC acquired a new position in Automatic Data Processing during the 3rd quarter worth $25,000. Howard Hughes Medical Institute bought a new position in Automatic Data Processing during the second quarter worth $27,000. TruNorth Capital Management LLC acquired a new position in Automatic Data Processing during the 3rd quarter valued at $28,000. Cloud Capital Management LLC acquired a new position in shares of Automatic Data Processing during the third quarter valued at about $29,000. Finally, Y.D. More Investments Ltd acquired a new position in Automatic Data Processing in the 3rd quarter valued at approximately $32,000. Institutional investors own 80.03% of the company’s stock.

Insiders Place Their Bets

In related news, VP David Kwon sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $260.00, for a total value of $234,000.00. Following the completion of the transaction, the vice president directly owned 11,993 shares in the company, valued at approximately $3,118,180. The trade was a 6.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher D’ambrosio sold 543 shares of the stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $262.29, for a total value of $142,423.47. Following the sale, the vice president directly owned 9,998 shares of the company’s stock, valued at approximately $2,622,375.42. The trade was a 5.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,515 shares of company stock valued at $887,074 over the last 90 days. 0.20% of the stock is owned by company insiders.

Automatic Data Processing Price Performance

Shares of ADP stock opened at $209.11 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a 12-month low of $203.26 and a 12-month high of $329.93. The firm has a fifty day moving average of $233.62 and a 200-day moving average of $258.96. The firm has a market capitalization of $84.20 billion, a price-to-earnings ratio of 20.11 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, January 28th. The business services provider reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.05. Automatic Data Processing had a return on equity of 68.44% and a net margin of 19.96%.The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same period in the previous year, the company posted $2.35 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. On average, equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing announced that its Board of Directors has approved a share repurchase program on Wednesday, January 14th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 5.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, March 13th. Automatic Data Processing’s payout ratio is 65.38%.

Wall Street Analyst Weigh In

ADP has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price target on shares of Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating for the company in a research report on Thursday, January 29th. Stifel Nicolaus cut their price target on Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating for the company in a report on Monday, February 9th. Morgan Stanley reduced their price objective on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a report on Thursday, January 29th. Citigroup cut their target price on shares of Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. Finally, Wells Fargo & Company cut their price target on Automatic Data Processing from $272.00 to $262.00 and set an “underweight” rating on the stock in a research note on Thursday, January 29th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $290.00.

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.