Cardano Risk Management B.V. Decreases Stake in Automatic Data Processing, Inc. $ADP

Cardano Risk Management B.V. cut its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 90.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 353,771 shares of the business services provider’s stock after selling 3,209,409 shares during the quarter. Cardano Risk Management B.V. owned approximately 0.09% of Automatic Data Processing worth $71,879,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Imprint Wealth LLC purchased a new position in Automatic Data Processing in the third quarter worth approximately $25,000. Cornerstone Financial Management LLC purchased a new stake in shares of Automatic Data Processing in the 4th quarter valued at approximately $26,000. Bard Associates Inc. purchased a new stake in shares of Automatic Data Processing in the 4th quarter valued at approximately $28,000. Board of the Pension Protection Fund acquired a new stake in shares of Automatic Data Processing in the 4th quarter valued at $31,000. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Automatic Data Processing in the 4th quarter valued at $33,000. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Automatic Data Processing Stock Down 0.2%

Shares of NASDAQ:ADP opened at $220.09 on Thursday. The firm has a 50 day simple moving average of $215.76 and a 200-day simple moving average of $227.12. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $315.98. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $87.98 billion, a PE ratio of 20.53 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, equities analysts predict that Automatic Data Processing, Inc. will post 11.07 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be paid a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio is currently 63.43%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ADP. Mizuho decreased their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Argus dropped their target price on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Jefferies Financial Group cut their price target on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Cantor Fitzgerald decreased their price target on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Finally, Wells Fargo & Company raised Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price objective for the company in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $244.29.

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.