Eurizon SLJ Capital Ltd Purchases Shares of 36,215 Automatic Data Processing, Inc. $ADP

Eurizon SLJ Capital Ltd acquired a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADPFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 36,215 shares of the business services provider’s stock, valued at approximately $9,316,000. Automatic Data Processing accounts for approximately 3.7% of Eurizon SLJ Capital Ltd’s holdings, making the stock its 8th largest holding.

A number of other hedge funds also recently bought and sold shares of the company. Eurizon Capital SGR S.p.A. purchased a new stake in Automatic Data Processing during the fourth quarter valued at about $35,685,000. Hillsdale Investment Management Inc. purchased a new stake in Automatic Data Processing during the fourth quarter valued at about $108,000. Fideuram Asset Management Ireland dac purchased a new stake in Automatic Data Processing during the fourth quarter valued at about $3,182,000. National Pension Service lifted its stake in Automatic Data Processing by 5.2% during the fourth quarter. National Pension Service now owns 911,327 shares of the business services provider’s stock valued at $234,421,000 after buying an additional 44,989 shares in the last quarter. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in Automatic Data Processing during the fourth quarter valued at about $199,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 transaction, the vice president owned 8,912 shares in the company, valued at $1,857,706.40. This represents a 5.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on ADP shares. Cantor Fitzgerald reduced their price objective on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Robert W. Baird reduced their price objective on shares of Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. Morgan Stanley reduced their price objective on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. Citigroup reduced 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 note on Thursday, April 30th. Finally, Mizuho dropped their target price on Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and an average price target of $249.00.

Check Out Our Latest Analysis on ADP

Automatic Data Processing Price Performance

Shares of ADP opened at $221.84 on Friday. The company 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, Inc. has a fifty-two week low of $188.16 and a fifty-two week 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’s 50-day moving average is $207.63 and its 200-day moving average is $230.93.

Automatic Data Processing (NASDAQ:ADPGet Free Report) last issued its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.06 EPS. 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 fiscal year.

Automatic Data Processing Dividend Announcement

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

Automatic Data Processing Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Automatic Data Processing (NASDAQ:ADP)

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