BDF Gestion Sells 2,881 Shares of Automatic Data Processing, Inc. $ADP

BDF Gestion decreased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 17.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sky Investment Group LLC boosted its holdings in shares of Automatic Data Processing by 0.7% during the 3rd quarter. Sky Investment Group LLC now owns 22,925 shares of the business services provider’s stock valued at $6,728,000 after acquiring an additional 160 shares in the last quarter. Bath Savings Trust Co boosted its stake in shares of Automatic Data Processing by 0.9% during the third quarter. Bath Savings Trust Co now owns 100,592 shares of the business services provider’s stock valued at $29,524,000 after purchasing an additional 867 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Automatic Data Processing by 1.4% during the third quarter. Dynamic Advisor Solutions LLC now owns 7,595 shares of the business services provider’s stock valued at $2,229,000 after purchasing an additional 105 shares in the last quarter. Stokes Capital Advisors LLC grew its holdings in shares of Automatic Data Processing by 2.7% during the third quarter. Stokes Capital Advisors LLC now owns 22,436 shares of the business services provider’s stock worth $6,585,000 after purchasing an additional 580 shares during the last quarter. Finally, Osprey Private Wealth LLC increased its stake in shares of Automatic Data Processing by 123.3% in the third quarter. Osprey Private Wealth LLC now owns 6,700 shares of the business services provider’s stock valued at $1,966,000 after buying an additional 3,700 shares during the period. Institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. UBS Group reduced their target price on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Automatic Data Processing in a report on Monday. Wells Fargo & Company decreased their price objective on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Citigroup started coverage on Automatic Data Processing in a research report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 target price for the company. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a $230.00 price target (down previously from $245.00) on shares of Automatic Data Processing in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $306.42.

Automatic Data Processing Price Performance

ADP stock opened at $257.94 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. The firm has a market cap of $104.32 billion, a price-to-earnings ratio of 25.46 and a beta of 0.86. The company’s fifty day simple moving average is $263.26 and its 200 day simple moving average is $288.85. Automatic Data Processing, Inc. has a 12-month low of $247.18 and a 12-month high of $329.93.

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

Automatic Data Processing Increases Dividend

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

About Automatic Data Processing

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.