Banque Cantonale Vaudoise Increases Stock Position in Automatic Data Processing, Inc. $ADP

Banque Cantonale Vaudoise grew its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 20.8% in the first quarter, HoldingsChannel reports. The firm owned 20,286 shares of the business services provider’s stock after buying an additional 3,493 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Automatic Data Processing were worth $4,122,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Apella Capital LLC increased its holdings in shares of Automatic Data Processing by 59.9% in the first quarter. Apella Capital LLC now owns 7,117 shares of the business services provider’s stock worth $1,427,000 after purchasing an additional 2,665 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Automatic Data Processing by 1,245.0% during the first quarter. Assenagon Asset Management S.A. now owns 263,280 shares of the business services provider’s stock valued at $53,493,000 after buying an additional 243,705 shares during the last quarter. Brave Asset Management Inc. grew its holdings in Automatic Data Processing by 2.2% during the 1st quarter. Brave Asset Management Inc. now owns 2,527 shares of the business services provider’s stock valued at $513,000 after buying an additional 54 shares in the last quarter. CENTRAL TRUST Co grew its holdings in Automatic Data Processing by 0.3% during the 1st quarter. CENTRAL TRUST Co now owns 31,356 shares of the business services provider’s stock valued at $6,371,000 after buying an additional 81 shares in the last quarter. Finally, Cidel Asset Management Inc. grew its holdings in Automatic Data Processing by 40.2% during the 1st quarter. Cidel Asset Management Inc. now owns 1,617 shares of the business services provider’s stock valued at $329,000 after buying an additional 464 shares in the last quarter. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Price Performance

Shares of Automatic Data Processing stock opened at $216.31 on Friday. The stock has a market cap of $86.47 billion, a price-to-earnings ratio of 20.18 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a 50 day moving average price of $216.18 and a 200-day moving average price of $226.80. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.30 by $0.07. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.Automatic Data Processing’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities analysts expect that Automatic Data Processing, Inc. will post 11.08 EPS for the current year.

Automatic Data Processing Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ADP. UBS Group upped their price objective on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Citigroup reduced their price target on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. BMO Capital Markets decreased their price target on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. Argus lowered their price objective on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Finally, Mizuho dropped their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $244.29.

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.