Credit Agricole S A Has $143.75 Million Stock Position in Automatic Data Processing, Inc. $ADP

Key Points

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Credit Agricole S A cut its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 7.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 470,501 shares of the business services provider's stock after selling 39,778 shares during the quarter. Credit Agricole S A owned approximately 0.12% of Automatic Data Processing worth $143,752,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Automatic Data Processing by 34,655.1% during the first quarter. GAMMA Investing LLC now owns 2,901,007 shares of the business services provider's stock worth $886,345,000 after buying an additional 2,892,660 shares during the last quarter. Nuveen LLC bought a new position in Automatic Data Processing during the first quarter worth about $661,771,000. Northern Trust Corp boosted its holdings in Automatic Data Processing by 17.1% during the fourth quarter. Northern Trust Corp now owns 6,174,419 shares of the business services provider's stock worth $1,807,438,000 after buying an additional 902,354 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Automatic Data Processing by 128.1% during the first quarter. Mackenzie Financial Corp now owns 1,585,704 shares of the business services provider's stock worth $484,480,000 after buying an additional 890,440 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Automatic Data Processing by 811.7% during the first quarter. SG Americas Securities LLC now owns 637,601 shares of the business services provider's stock worth $194,806,000 after buying an additional 567,664 shares during the last quarter. Institutional investors own 80.03% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ADP. Dbs Bank upgraded Automatic Data Processing to a "hold" rating in a report on Thursday. UBS Group cut their price objective on Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating on the stock in a report on Friday, June 13th. BMO Capital Markets upgraded Automatic Data Processing to a "hold" rating and set a $340.00 price objective on the stock in a report on Thursday, July 10th. Mizuho lifted their price objective on Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a report on Friday, June 13th. Finally, TD Securities lifted their price objective on Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a report on Wednesday, May 21st. Two investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $317.00.

Automatic Data Processing Stock Up 1.0%

Automatic Data Processing stock traded up $3.01 during midday trading on Friday, reaching $307.95. The stock had a trading volume of 1,150,918 shares, compared to its average volume of 1,571,763. The firm's fifty day simple moving average is $305.10 and its 200-day simple moving average is $305.65. Automatic Data Processing, Inc. has a 1-year low of $267.79 and a 1-year high of $329.93. The stock has a market capitalization of $124.73 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 2.79 and a beta of 0.81. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter last year, the firm earned $2.09 EPS. Automatic Data Processing's revenue for the quarter 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, analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be given a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 12th. Automatic Data Processing's dividend payout ratio (DPR) is currently 61.72%.

Automatic Data Processing Company Profile

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.