Van Cleef Asset Management Inc Has $4.06 Million Stock Position in Automatic Data Processing, Inc. $ADP

Van Cleef Asset Management Inc increased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 24.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,766 shares of the business services provider’s stock after buying an additional 3,065 shares during the period. Van Cleef Asset Management Inc’s holdings in Automatic Data Processing were worth $4,055,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Life Cycle Investment Partners Ltd acquired a new position in Automatic Data Processing during the 4th quarter worth about $136,707,000. Shelter Rock Management LLC acquired a new position in Automatic Data Processing during the 4th quarter worth about $920,000. Jefferies Financial Group Inc. lifted its position in Automatic Data Processing by 439.2% during the 4th quarter. Jefferies Financial Group Inc. now owns 51,341 shares of the business services provider’s stock worth $13,206,000 after buying an additional 41,820 shares in the last quarter. MQS Management LLC lifted its position in Automatic Data Processing by 117.7% during the 4th quarter. MQS Management LLC now owns 3,917 shares of the business services provider’s stock worth $1,008,000 after buying an additional 2,118 shares in the last quarter. Finally, SGL Investment Advisors Inc. lifted its position in Automatic Data Processing by 3.3% during the 4th quarter. SGL Investment Advisors Inc. now owns 1,762 shares of the business services provider’s stock worth $412,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $225.31 on Monday. 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 stock has a market cap of $90.06 billion, a PE ratio of 21.02 and a beta of 0.83. The stock has a 50-day moving average of $206.43 and a 200-day moving average of $232.01. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $329.93.

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

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a $1.70 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.0%. Automatic Data Processing’s dividend payout ratio is 63.43%.

Analyst Ratings Changes

Several research analysts recently issued reports on ADP shares. Mizuho reduced their price target on shares of Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. BMO Capital Markets reduced their price target on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 7th. Jefferies Financial Group cut their target price on shares of Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Cantor Fitzgerald cut their target price on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Finally, Guggenheim assumed coverage on shares of Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Automatic Data Processing currently has a consensus rating of “Hold” and an average price target of $249.00.

Insider Activity at Automatic Data Processing

In other news, VP Christopher D’ambrosio sold 543 shares of the company’s 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 of the company’s stock, valued at $1,857,706.40. This represents a 5.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

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.