Deutsche Bank AG Raises Stock Holdings in Automatic Data Processing, Inc. $ADP

Deutsche Bank AG lifted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADPFree Report) by 9.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,532,545 shares of the business services provider’s stock after acquiring an additional 299,493 shares during the period. Deutsche Bank AG’s holdings in Automatic Data Processing were worth $908,677,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Imprint Wealth LLC purchased a new stake in shares of Automatic Data Processing during the third quarter valued at approximately $25,000. Board of the Pension Protection Fund purchased a new stake in shares of Automatic Data Processing during the fourth quarter valued at approximately $31,000. Y.D. More Investments Ltd purchased a new stake in shares of Automatic Data Processing during the third quarter valued at approximately $32,000. High Point Wealth Management LLC purchased a new stake in shares of Automatic Data Processing during the fourth quarter valued at approximately $34,000. Finally, AlphaQuest LLC purchased a new stake in shares of Automatic Data Processing during the third quarter valued at approximately $38,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Automatic Data Processing

In other news, VP Christopher D’ambrosio sold 543 shares of the firm’s stock in a transaction on 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 transaction, the vice president directly owned 8,912 shares of the company’s stock, valued at $1,857,706.40. This trade represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by insiders.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $231.17 on Wednesday. The stock has a fifty day simple moving average of $211.11 and a two-hundred day simple moving average of $229.70. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $319.72. The firm has a market cap of $92.41 billion, a price-to-earnings ratio of 21.56 and a beta of 0.84. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADPGet Free Report) last announced its quarterly earnings data 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 business 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 earned $3.06 earnings per share. Automatic Data Processing’s revenue 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. Analysts anticipate that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Announces Dividend

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 issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 63.43%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ADP. Citigroup reduced their price objective on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. UBS Group increased their price objective on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. BMO Capital Markets reduced their price objective on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. TD Cowen raised Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. Finally, Morgan Stanley reduced their price objective 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. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $244.29.

Check Out Our Latest Report on Automatic Data Processing

About Automatic Data Processing

(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.

Further Reading

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

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