ING Groep NV Sells 208,290 Shares of Automatic Data Processing, Inc. $ADP

ING Groep NV reduced its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 76.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 65,197 shares of the business services provider’s stock after selling 208,290 shares during the period. ING Groep NV’s holdings in Automatic Data Processing were worth $16,771,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ADP. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Automatic Data Processing by 6,493.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,468,180 shares of the business services provider’s stock valued at $892,120,000 after buying an additional 3,415,576 shares in the last quarter. Norges Bank bought a new stake in shares of Automatic Data Processing in the 4th quarter valued at about $721,738,000. Wellington Management Group LLP boosted its holdings in shares of Automatic Data Processing by 47.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,830,294 shares of the business services provider’s stock valued at $2,004,691,000 after buying an additional 2,208,927 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Automatic Data Processing by 32.1% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,273,700 shares of the business services provider’s stock valued at $960,831,000 after purchasing an additional 796,379 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in Automatic Data Processing in the 4th quarter worth approximately $139,636,000. 80.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Citigroup lowered their target price on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Argus lowered their target price on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. BMO Capital Markets lowered their target price on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a research note on Tuesday, April 7th. Stifel Nicolaus lowered their target price on shares of Automatic Data Processing from $270.00 to $240.00 in a research note on Thursday, April 30th. Finally, Robert W. Baird lowered their target price on shares of Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Automatic Data Processing presently has an average rating of “Hold” and an average price target of $244.29.

Insider Transactions at Automatic Data Processing

In related news, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction on Monday, March 16th. The shares were 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. The trade was a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

Automatic Data Processing Price Performance

ADP stock opened at $231.95 on Monday. The firm has a 50 day moving average of $210.02 and a 200 day moving average of $229.98. The stock has a market capitalization of $92.72 billion, a PE ratio of 21.64 and a beta of 0.84. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $329.93.

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

Automatic Data Processing Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.9%. Automatic Data Processing’s payout ratio is currently 63.43%.

Automatic Data Processing Company 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.