Czech National Bank Increases Position in Automatic Data Processing, Inc. $ADP

Czech National Bank grew its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 106,633 shares of the business services provider’s stock after purchasing an additional 3,760 shares during the period. Czech National Bank’s holdings in Automatic Data Processing were worth $27,429,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ADP. Fiduciary Financial Group LLC grew its stake in shares of Automatic Data Processing by 8.7% in the 4th quarter. Fiduciary Financial Group LLC now owns 1,372 shares of the business services provider’s stock worth $353,000 after buying an additional 110 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in Automatic Data Processing by 2.9% during the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 82,345 shares of the business services provider’s stock valued at $21,182,000 after buying an additional 2,305 shares during the last quarter. Fourpath Capital Management LLC raised its stake in Automatic Data Processing by 12.0% during the fourth quarter. Fourpath Capital Management LLC now owns 1,145 shares of the business services provider’s stock valued at $295,000 after buying an additional 123 shares during the last quarter. Howard Financial Services LTD. boosted its holdings in Automatic Data Processing by 12.8% in the fourth quarter. Howard Financial Services LTD. now owns 916 shares of the business services provider’s stock worth $236,000 after acquiring an additional 104 shares in the last quarter. Finally, Pensionfund Sabic purchased a new stake in shares of Automatic Data Processing in the fourth quarter worth $1,698,000. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Stock Down 1.4%

ADP stock opened at $202.11 on Thursday. Automatic Data Processing, Inc. has a 1-year low of $198.59 and a 1-year high of $329.93. The business has a fifty day moving average price of $226.05 and a 200-day moving average price of $254.71. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $81.38 billion, a P/E ratio of 19.43 and a beta of 0.86.

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

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

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, March 13th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 65.38%.

Insider Activity at Automatic Data Processing

In related news, VP David Foskett sold 266 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $237.00, for a total transaction of $63,042.00. Following the transaction, the vice president owned 10,954 shares in the company, valued at $2,596,098. This represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David Kwon sold 806 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $264.80, for a total transaction of $213,428.80. Following the completion of the sale, the vice president owned 11,187 shares in the company, valued at $2,962,317.60. This represents a 6.72% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,058 shares of company stock worth $1,000,263. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Morgan Stanley reduced 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. Guggenheim assumed coverage on shares of Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 price objective on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 29th. Stifel Nicolaus decreased their target price on shares of Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating for the company in a report on Monday, February 9th. Finally, Citigroup dropped their target price on shares of Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating on the stock in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Automatic Data Processing currently has an average rating of “Hold” and a consensus target price of $288.46.

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.