Pictet Asset Management Holding SA Lowers Stock Holdings in Automatic Data Processing, Inc. $ADP

Posted by Stanley Muller on Jun 29th, 2026

Pictet Asset Management Holding SA reduced its position in Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) by 11.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,025 shares of the business services provider’s stock after selling 64,791 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Automatic Data Processing were worth $106,488,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Imprint Wealth LLC purchased a new position in Automatic Data Processing in the third quarter valued at $25,000. Cornerstone Financial Management LLC acquired a new position in Automatic Data Processing during the 4th quarter worth $26,000. Bard Associates Inc. purchased a new stake in Automatic Data Processing during the 4th quarter worth about $28,000. Board of the Pension Protection Fund purchased a new stake in Automatic Data Processing during the 4th quarter worth about $31,000. Finally, Prosperity Bancshares Inc acquired a new stake in Automatic Data Processing in the 4th quarter valued at about $33,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADP has been the subject of a number of analyst reports. Stifel Nicolaus cut their target price on shares of Automatic Data Processing from $270.00 to $240.00 in a research note on Thursday, April 30th. Guggenheim began coverage on shares of Automatic Data Processing in a research report on Thursday, March 19th. They issued a “buy” rating and a $270.00 price objective on the stock. Morgan Stanley reduced their price objective on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 28th. Mizuho decreased their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Finally, Citigroup dropped their target price on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $244.29.

Read Our Latest Research Report on Automatic Data Processing

Automatic Data Processing Price Performance

ADP stock opened at $223.55 on Monday. The stock has a market cap of $89.36 billion, a P/E ratio of 20.85 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, Inc. has a twelve month low of $188.16 and a twelve month high of $315.98. The company’s 50 day moving average is $216.71 and its two-hundred day moving average is $226.55.

Automatic Data Processing (NASDAQ:ADP – Get Free Report) last issued its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.07. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the prior year, the business posted $3.06 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Research analysts expect that Automatic Data Processing, Inc. will post 11.08 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. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 annualized dividend and a yield of 3.0%. 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.