Czech National Bank Grows Position in Automatic Data Processing, Inc. $ADP

Czech National Bank lifted its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 106,633 shares of the business services provider’s stock after purchasing an additional 3,760 shares during the period. Czech National Bank’s holdings in Automatic Data Processing were worth $27,429,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Fiduciary Financial Group LLC raised its holdings in Automatic Data Processing by 8.7% during the 4th quarter. Fiduciary Financial Group LLC now owns 1,372 shares of the business services provider’s stock valued at $353,000 after buying an additional 110 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI grew its holdings in Automatic Data Processing by 2.9% in the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 82,345 shares of the business services provider’s stock worth $21,182,000 after acquiring an additional 2,305 shares during the last quarter. Fourpath Capital Management LLC increased its position in shares of Automatic Data Processing by 12.0% in the fourth quarter. Fourpath Capital Management LLC now owns 1,145 shares of the business services provider’s stock valued at $295,000 after acquiring an additional 123 shares during the period. Howard Financial Services LTD. increased its position in shares of Automatic Data Processing by 12.8% in the fourth quarter. Howard Financial Services LTD. now owns 916 shares of the business services provider’s stock valued at $236,000 after acquiring an additional 104 shares during the period. Finally, Pensionfund Sabic bought a new position in shares of Automatic Data Processing during the fourth quarter valued at about $1,698,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of the stock in a transaction 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 completion of the transaction, the vice president owned 9,998 shares in the company, valued at approximately $2,622,375.42. This represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David Kwon sold 900 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $260.00, for a total value of $234,000.00. Following the transaction, the vice president directly owned 11,993 shares of the company’s stock, valued at $3,118,180. This represents a 6.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 4,058 shares of company stock worth $1,000,263. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

ADP has been the topic of several recent analyst reports. Guggenheim started coverage on Automatic Data Processing in a research note on Thursday, March 19th. They issued a “buy” rating and a $270.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 29th. Wells Fargo & Company dropped their price objective on Automatic Data Processing from $272.00 to $262.00 and set an “underweight” rating for the company in a report on Thursday, January 29th. Cantor Fitzgerald initiated coverage on Automatic Data Processing in a research report on Tuesday, January 27th. They issued an “overweight” rating and a $306.00 price objective on the stock. Finally, Stifel Nicolaus decreased their target price 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. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $288.46.

Automatic Data Processing Trading Down 1.4%

Shares of ADP opened at $202.11 on Thursday. Automatic Data Processing, Inc. has a 1-year low of $198.59 and a 1-year high of $329.93. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average price is $226.05 and its 200-day moving average price is $254.71. The firm has a market capitalization of $81.38 billion, a price-to-earnings ratio of 19.43 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, January 28th. The business services provider reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.05. Automatic Data Processing had a net margin of 19.96% and a return on equity of 68.44%. The company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the prior year, the firm earned $2.35 earnings per share. Automatic Data Processing’s revenue 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. Sell-side analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing declared that its Board of Directors has initiated a share repurchase plan on Wednesday, January 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the business services provider to repurchase up to 5.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, March 13th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 65.38%.

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.