Kepler Cheuvreux Suisse SA Has $34.11 Million Stake in Automatic Data Processing, Inc. $ADP

Kepler Cheuvreux Suisse SA decreased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.1% in the fourth quarter, Holdings Channel reports. The fund owned 132,597 shares of the business services provider’s stock after selling 4,259 shares during the period. Automatic Data Processing accounts for 2.0% of Kepler Cheuvreux Suisse SA’s investment portfolio, making the stock its 13th biggest holding. Kepler Cheuvreux Suisse SA’s holdings in Automatic Data Processing were worth $34,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ABN AMRO Bank N.V. lifted its holdings in shares of Automatic Data Processing by 39.8% during the fourth quarter. ABN AMRO Bank N.V. now owns 2,555 shares of the business services provider’s stock worth $655,000 after buying an additional 727 shares during the last quarter. Income Insurance Ltd acquired a new position in shares of Automatic Data Processing during the fourth quarter worth approximately $312,000. Advisor OS LLC lifted its holdings in shares of Automatic Data Processing by 20.4% during the fourth quarter. Advisor OS LLC now owns 2,576 shares of the business services provider’s stock worth $663,000 after buying an additional 437 shares during the last quarter. Midwest Trust Co lifted its holdings in shares of Automatic Data Processing by 0.5% during the fourth quarter. Midwest Trust Co now owns 13,486 shares of the business services provider’s stock worth $3,469,000 after buying an additional 69 shares during the last quarter. Finally, Oxbow Advisors LLC raised its position in shares of Automatic Data Processing by 401.7% during the fourth quarter. Oxbow Advisors LLC now owns 30,630 shares of the business services provider’s stock valued at $7,879,000 after buying an additional 24,525 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analyst Ratings Changes

ADP has been the subject of a number of research analyst reports. Jefferies Financial Group cut their price objective on shares of Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Robert W. Baird cut their price objective on shares of Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. JPMorgan Chase & Co. cut their price objective on shares of Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating for the company in a research report on Thursday, January 29th. Citigroup cut their price objective on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Finally, TD Cowen upped their price objective on shares of Automatic Data Processing from $208.00 to $216.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Automatic Data Processing presently has a consensus rating of “Hold” and a consensus target price of $253.50.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $212.99 on Monday. 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 firm has a 50-day moving average price of $206.79 and a 200 day moving average price of $236.48. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $329.93. The firm has a market capitalization of $85.14 billion, a PE ratio of 19.87 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last released 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 firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period in the prior year, the company posted $3.06 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Research analysts anticipate that Automatic Data Processing, Inc. will post 11.06 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be paid a dividend of $1.70 per share. 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 is currently 63.43%.

Automatic Data Processing announced that its board has authorized a stock buyback program on Wednesday, January 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the business services provider to reacquire up to 5.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

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 Monday, March 16th. The stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the completion of the transaction, the vice president directly owned 8,912 shares in the company, valued at $1,857,706.40. This represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by corporate 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.