Automatic Data Processing, Inc. $ADP Shares Purchased by Wormser Freres Gestion

Wormser Freres Gestion raised its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 147.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,011 shares of the business services provider’s stock after buying an additional 17,867 shares during the quarter. Automatic Data Processing comprises about 4.4% of Wormser Freres Gestion’s investment portfolio, making the stock its 15th biggest position. Wormser Freres Gestion’s holdings in Automatic Data Processing were worth $7,722,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Imprint Wealth LLC acquired a new stake in Automatic Data Processing during the 3rd quarter valued at $25,000. Y.D. More Investments Ltd acquired a new stake in Automatic Data Processing during the 3rd quarter valued at $32,000. Board of the Pension Protection Fund acquired a new stake in Automatic Data Processing during the 4th quarter valued at $31,000. AlphaQuest LLC acquired a new stake in Automatic Data Processing during the 3rd quarter valued at $38,000. Finally, High Point Wealth Management LLC acquired a new stake in Automatic Data Processing during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Price Performance

ADP stock opened at $221.84 on Friday. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $329.93. The stock’s fifty day simple moving average is $207.63 and its 200-day simple moving average is $230.93. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $88.68 billion, a price-to-earnings ratio of 20.69 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter last 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. Equities research analysts expect that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be issued a dividend of $1.70 per share. The ex-dividend date is Friday, June 12th. This represents a $6.80 annualized dividend and a dividend yield of 3.1%. Automatic Data Processing’s dividend payout ratio (DPR) is 63.43%.

Analyst Ratings Changes

ADP has been the topic of a number of analyst reports. UBS Group increased their target price on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Stifel Nicolaus lowered their target price on Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. TD Cowen upgraded Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. Wells Fargo & Company upgraded Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price objective on the stock in a report on Monday, May 18th. Finally, Guggenheim began coverage on Automatic Data Processing in a report on Thursday, March 19th. They set a “buy” rating and a $270.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Automatic Data Processing presently has an average rating of “Hold” and a consensus price target of $249.00.

Insider Buying and Selling at Automatic Data Processing

In related news, VP Christopher D’ambrosio sold 543 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $208.45, for a total value of $113,188.35. Following the transaction, the vice president directly owned 8,912 shares of the company’s stock, valued at approximately $1,857,706.40. This trade represents a 5.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.20% of the company’s stock.

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.