Commerzbank Aktiengesellschaft FI Reduces Stock Position in Automatic Data Processing, Inc. $ADP

Commerzbank Aktiengesellschaft FI lowered its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 36.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,221 shares of the business services provider’s stock after selling 11,254 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Automatic Data Processing were worth $4,944,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Mitchell Capital Management Co. lifted its position in Automatic Data Processing by 325.0% during the third quarter. Mitchell Capital Management Co. now owns 6,800 shares of the business services provider’s stock valued at $1,996,000 after buying an additional 5,200 shares during the period. Atlantic Union Bankshares Corp lifted its position in Automatic Data Processing by 136.0% during the third quarter. Atlantic Union Bankshares Corp now owns 47,974 shares of the business services provider’s stock valued at $14,080,000 after buying an additional 27,644 shares during the period. CIBC Asset Management Inc lifted its position in Automatic Data Processing by 2.6% during the third quarter. CIBC Asset Management Inc now owns 183,561 shares of the business services provider’s stock valued at $53,875,000 after buying an additional 4,720 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Automatic Data Processing by 18.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 138,215 shares of the business services provider’s stock worth $40,566,000 after buying an additional 21,444 shares during the last quarter. Finally, Hilltop Holdings Inc. purchased a new stake in shares of Automatic Data Processing in the 3rd quarter worth approximately $5,292,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Insider Buying and Selling

In related news, VP Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock in a transaction dated Monday, March 16th. The stock was 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 directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ADP. Cantor Fitzgerald cut their price target on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. JPMorgan Chase & Co. reduced their price target on Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating for the company in a report on Thursday, January 29th. Robert W. Baird reduced their price target on Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. Morgan Stanley reduced their price target on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. Finally, Stifel Nicolaus reduced their price target on Automatic Data Processing from $270.00 to $240.00 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 given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $253.50.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $214.48 on Friday. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $329.93. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. 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 market capitalization of $85.73 billion, a PE ratio of 20.01 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating 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 firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same period last year, the company earned $3.06 earnings per share. The company’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. As a group, equities analysts expect that Automatic Data Processing, Inc. will post 11.07 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 63.43%.

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.