Banque Transatlantique SA Buys 5,689 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• Banque Transatlantique SA significantly increased its stake in Automatic Data Processing by 3,075.1%, acquiring an additional 5,689 shares, bringing its total holdings to 5,874 shares worth approximately $1.66 million.
• Automatic Data Processing will pay a quarterly dividend of $1.54 per share on October 1st, representing a 2.1% dividend yield for shareholders.
• Analysts have given ADP an average rating of "Hold" with price targets ranging from $305 to $332, reflecting cautious optimism in the company’s outlook.

Banque Transatlantique SA lifted its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 3,075.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,874 shares of the business services provider's stock after purchasing an additional 5,689 shares during the period. Banque Transatlantique SA's holdings in Automatic Data Processing were worth $1,659,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ADP. Brighton Jones LLC lifted its stake in shares of Automatic Data Processing by 92.1% during the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider's stock valued at $2,935,000 after acquiring an additional 4,808 shares during the period. Bank Pictet & Cie Europe AG bought a new stake in Automatic Data Processing during the 4th quarter worth about $957,000. Bison Wealth LLC lifted its position in Automatic Data Processing by 22.8% during the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider's stock valued at $1,073,000 after purchasing an additional 681 shares during the period. Beverly Hills Private Wealth LLC lifted its position in Automatic Data Processing by 12.8% during the 4th quarter. Beverly Hills Private Wealth LLC now owns 969 shares of the business services provider's stock valued at $284,000 after purchasing an additional 110 shares during the period. Finally, Cary Street Partners Financial LLC bought a new position in shares of Automatic Data Processing in the 4th quarter valued at about $1,881,000. Institutional investors and hedge funds own 80.03% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on ADP shares. Stifel Nicolaus upped their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. Morgan Stanley upped their price objective on Automatic Data Processing from $310.00 to $311.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Royal Bank Of Canada reissued a "sector perform" rating and issued a $315.00 target price on shares of Automatic Data Processing in a research note on Thursday, June 5th. Dbs Bank upgraded Automatic Data Processing to a "hold" rating in a research report on Thursday, August 21st. Finally, Mizuho upped their price target on Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a research note on Friday, June 13th. Two research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, Automatic Data Processing has an average rating of "Hold" and an average price target of $317.00.

Automatic Data Processing Stock Down 1.4%

Shares of Automatic Data Processing stock opened at $299.77 on Wednesday. The company has a market capitalization of $121.42 billion, a P/E ratio of 30.04, a price-to-earnings-growth ratio of 2.78 and a beta of 0.82. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50-day moving average of $304.41 and a two-hundred day moving average of $305.42. Automatic Data Processing, Inc. has a 1 year low of $267.79 and a 1 year high of $329.93.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.03. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The business had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same period in the previous year, the firm earned $2.09 EPS. Automatic Data Processing's quarterly revenue was up 6.3% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, equities analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be given a dividend of $1.54 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $6.16 annualized dividend and a dividend yield of 2.1%. Automatic Data Processing's dividend payout ratio is currently 61.72%.

About Automatic Data Processing

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.

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