Skandinaviska Enskilda Banken AB publ Has $50.62 Million Holdings in Automatic Data Processing, Inc. $ADP

Skandinaviska Enskilda Banken AB publ grew its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 30.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 172,467 shares of the business services provider’s stock after buying an additional 40,661 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Automatic Data Processing were worth $50,619,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ADP. Mid American Wealth Advisory Group Inc. acquired a new stake in Automatic Data Processing during the 2nd quarter valued at $26,000. Howard Hughes Medical Institute bought a new position in shares of Automatic Data Processing in the second quarter valued at about $27,000. Solstein Capital LLC bought a new position in shares of Automatic Data Processing in the second quarter valued at about $28,000. Westside Investment Management Inc. lifted its stake in shares of Automatic Data Processing by 80.0% during the 2nd quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock worth $28,000 after buying an additional 40 shares during the last quarter. Finally, TruNorth Capital Management LLC bought a new stake in shares of Automatic Data Processing during the 3rd quarter worth about $28,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing Stock Up 1.0%

Shares of NASDAQ ADP opened at $212.11 on Tuesday. 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, Inc. has a 52 week low of $208.62 and a 52 week high of $329.93. The stock has a market capitalization of $85.40 billion, a P/E ratio of 20.40 and a beta of 0.85. The stock’s fifty day moving average is $251.62 and its 200 day moving average is $271.46.

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

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors 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 annualized dividend and a dividend yield of 3.2%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 65.38%.

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

Analyst Upgrades and Downgrades

ADP has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 29th. Stifel Nicolaus reduced their price objective 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. Wells Fargo & Company lowered their target price on Automatic Data Processing from $272.00 to $262.00 and set an “underweight” rating on the stock in a research note on Thursday, January 29th. Morgan Stanley dropped their price target on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Thursday, January 29th. Finally, Cantor Fitzgerald started coverage on Automatic Data Processing in a research note on Tuesday, January 27th. They issued an “overweight” rating and a $306.00 price target for the company. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Automatic Data Processing presently has an average rating of “Hold” and an average target price of $290.00.

Insider Activity

In other news, VP David Kwon sold 806 shares of Automatic Data Processing stock in a transaction on Monday, January 12th. The stock was sold at an average price of $264.80, for a total value of $213,428.80. Following the transaction, the vice president owned 11,187 shares in the company, valued at approximately $2,962,317.60. This trade represents a 6.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David Foskett sold 266 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $237.00, for a total value of $63,042.00. Following the transaction, the vice president directly owned 10,954 shares of the company’s stock, valued at $2,596,098. This trade represents a 2.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 3,515 shares of company stock worth $887,074. Insiders own 0.20% of the company’s stock.

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.