DNB Asset Management AS Has $39.28 Million Stock Position in Automatic Data Processing, Inc. $ADP

DNB Asset Management AS boosted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 11.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 152,697 shares of the business services provider’s stock after purchasing an additional 15,287 shares during the period. DNB Asset Management AS’s holdings in Automatic Data Processing were worth $39,278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Imprint Wealth LLC acquired a new stake in shares of Automatic Data Processing in the third quarter worth $25,000. Cloud Capital Management LLC bought a new position in Automatic Data Processing during the third quarter worth $29,000. Y.D. More Investments Ltd acquired a new position in Automatic Data Processing during the 3rd quarter valued at $32,000. Board of the Pension Protection Fund acquired a new position in Automatic Data Processing during the 4th quarter valued at $31,000. Finally, AlphaQuest LLC bought a new stake in Automatic Data Processing in the 3rd quarter valued at $38,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $208.45, for a total value of $113,188.35. Following the completion of the sale, the vice president owned 8,912 shares in the company, valued at approximately $1,857,706.40. This trade represents a 5.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ADP. UBS Group raised their price target on shares of Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Wells Fargo & Company reduced their target price on shares of Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating for the company in a research note on Friday, March 27th. Citigroup decreased their target price on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Robert W. Baird lowered their price target on Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. Finally, Jefferies Financial Group cut their price target on Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $253.50.

Automatic Data Processing Trading Up 2.9%

ADP stock opened at $214.48 on Friday. The business has a fifty day moving average price of $206.29 and a 200 day moving average price of $233.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $329.93. The stock has a market capitalization of $85.73 billion, a price-to-earnings ratio of 20.01 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the previous year, the firm earned $3.06 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Analysts expect that Automatic Data Processing, Inc. will post 11.07 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a dividend of $1.70 per share. The ex-dividend date is Friday, June 12th. This represents a $6.80 annualized dividend and a yield of 3.2%. Automatic Data Processing’s dividend payout ratio is 63.43%.

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.