BDF Gestion Has $4.06 Million Stock Position in Automatic Data Processing, Inc. $ADP

BDF Gestion lowered its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 17.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,847 shares of the business services provider’s stock after selling 2,881 shares during the period. BDF Gestion’s holdings in Automatic Data Processing were worth $4,064,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADP. Laurel Wealth Advisors LLC grew its position in Automatic Data Processing by 30,110.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,668,758 shares of the business services provider’s stock valued at $1,439,845,000 after purchasing an additional 4,653,304 shares during the period. Norges Bank bought a new position in shares of Automatic Data Processing in the second quarter valued at $696,841,000. Amundi grew its holdings in shares of Automatic Data Processing by 24.9% during the second quarter. Amundi now owns 3,109,120 shares of the business services provider’s stock valued at $948,549,000 after buying an additional 619,829 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Automatic Data Processing by 26.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,812,637 shares of the business services provider’s stock worth $867,445,000 after acquiring an additional 591,800 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Automatic Data Processing by 13.5% in the 2nd quarter. Invesco Ltd. now owns 4,576,681 shares of the business services provider’s stock valued at $1,411,449,000 after acquiring an additional 544,968 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ADP. Weiss Ratings reissued a “hold (c+)” rating on shares of Automatic Data Processing in a report on Monday. Jefferies Financial Group reiterated an “underperform” rating and set a $230.00 price target (down previously from $245.00) on shares of Automatic Data Processing in a report on Tuesday. UBS Group dropped their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. JPMorgan Chase & Co. reduced their target price on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Finally, Citigroup initiated coverage on shares of Automatic Data Processing in a report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 target price for the company. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $306.42.

Automatic Data Processing Trading Down 1.2%

NASDAQ ADP opened at $257.94 on Friday. The business’s fifty day moving average is $263.26 and its 200-day moving average is $288.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $104.32 billion, a price-to-earnings ratio of 25.46 and a beta of 0.86. Automatic Data Processing, Inc. has a one year low of $247.18 and a one year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.05. The company had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.14 billion. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.33 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be paid a $1.70 dividend. The ex-dividend date is Friday, December 12th. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $1.54. This represents a $6.80 annualized dividend and a yield of 2.6%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 67.13%.

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.