Kepler Cheuvreux Suisse SA Invests $40.16 Million in Automatic Data Processing, Inc. $ADP

Kepler Cheuvreux Suisse SA acquired a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 136,856 shares of the business services provider’s stock, valued at approximately $40,158,000. Automatic Data Processing accounts for about 2.2% of Kepler Cheuvreux Suisse SA’s holdings, making the stock its 11th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Howard Hughes Medical Institute bought a new stake in Automatic Data Processing during the second quarter valued at about $27,000. TruNorth Capital Management LLC acquired a new stake in shares of Automatic Data Processing in the third quarter valued at about $28,000. Cloud Capital Management LLC bought a new position in shares of Automatic Data Processing in the third quarter worth about $29,000. Y.D. More Investments Ltd bought a new position in shares of Automatic Data Processing in the third quarter worth about $32,000. Finally, AlphaQuest LLC acquired a new position in shares of Automatic Data Processing during the 3rd quarter worth about $38,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on ADP shares. Jefferies Financial Group restated an “underperform” rating and set a $230.00 target price (down from $245.00) on shares of Automatic Data Processing in a research note on Tuesday, December 16th. Stifel Nicolaus cut their price target on Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating for the company in a report on Monday, February 9th. Citigroup reduced their price objective on Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th. Cantor Fitzgerald began coverage on shares of Automatic Data Processing in a research note on Tuesday, January 27th. They issued an “overweight” rating and a $306.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their target price on shares of Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating on the stock in a research report on Thursday, January 29th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $290.00.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP David Kwon sold 900 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $260.00, for a total value of $234,000.00. Following the sale, the vice president owned 11,993 shares of the company’s stock, valued at $3,118,180. The trade was a 6.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Christopher D’ambrosio sold 543 shares of the stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $262.29, for a total transaction of $142,423.47. Following the completion of the transaction, the vice president owned 9,998 shares of the company’s stock, valued at approximately $2,622,375.42. This represents a 5.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,515 shares of company stock valued at $887,074. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Stock Down 2.5%

NASDAQ ADP opened at $217.37 on Wednesday. Automatic Data Processing, Inc. has a twelve month low of $203.26 and a twelve month high of $329.93. The stock has a market cap of $87.52 billion, a PE ratio of 20.90 and a beta of 0.86. The firm has a 50-day simple moving average of $237.35 and a 200 day simple moving average of $261.62. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.03.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, January 28th. The business services provider reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.05. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.34 billion. Automatic Data Processing had a return on equity of 68.44% and a net margin of 19.96%.The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.35 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. On average, research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a dividend of $1.70 per share. The ex-dividend date is Friday, March 13th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.1%. Automatic Data Processing’s payout ratio is currently 65.38%.

Automatic Data Processing announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 5.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

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.