Czech National Bank Has $30.60 Million Stock Holdings in Automatic Data Processing, Inc. $ADP

Key Points

• The Czech National Bank increased its stock holdings in Automatic Data Processing, Inc. by 6.2% in Q2, bringing its total value to $30.6 million.
• Recent analyst ratings suggest a mix of views, with price targets ranging from $311 to $340 and an average rating of "Hold".
• Automatic Data Processing reported an EPS of $2.26 in its latest quarterly earnings, exceeding expectations and showing a year-over-year revenue growth of 6.3%.

Czech National Bank lifted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 99,221 shares of the business services provider's stock after purchasing an additional 5,769 shares during the quarter. Czech National Bank's holdings in Automatic Data Processing were worth $30,600,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bangor Savings Bank raised its position in Automatic Data Processing by 0.7% in the 2nd quarter. Bangor Savings Bank now owns 4,907 shares of the business services provider's stock valued at $1,513,000 after buying an additional 34 shares during the last quarter. Syntegra Private Wealth Group LLC raised its position in Automatic Data Processing by 4.7% in the 1st quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider's stock valued at $238,000 after buying an additional 35 shares during the last quarter. Transamerica Financial Advisors LLC increased its position in shares of Automatic Data Processing by 1.0% during the 1st quarter. Transamerica Financial Advisors LLC now owns 3,371 shares of the business services provider's stock worth $1,030,000 after purchasing an additional 35 shares during the last quarter. Ashton Thomas Securities LLC increased its position in shares of Automatic Data Processing by 4.1% during the 1st quarter. Ashton Thomas Securities LLC now owns 883 shares of the business services provider's stock worth $270,000 after purchasing an additional 35 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its position in shares of Automatic Data Processing by 36.1% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 132 shares of the business services provider's stock worth $41,000 after purchasing an additional 35 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ADP shares. Morgan Stanley boosted their price target on Automatic Data Processing from $310.00 to $311.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. BMO Capital Markets upgraded Automatic Data Processing to a "hold" rating and set a $340.00 target price for the company in a research note on Thursday, July 10th. Mizuho lifted their target price on Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. TD Securities lifted their target price on Automatic Data Processing from $298.00 to $321.00 and gave the stock a "hold" rating in a research note on Wednesday, May 21st. Finally, UBS Group reduced their target price on Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating for the company in a research note on Friday, June 13th. Two investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $317.00.

Automatic Data Processing Stock Performance

ADP opened at $290.87 on Tuesday. The business has a fifty day simple moving average of $302.65 and a 200 day simple moving average of $304.41. The company has a market capitalization of $117.81 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 2.69 and a beta of 0.82. Automatic Data Processing, Inc. has a 1 year low of $272.18 and a 1 year high of $329.93. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The firm's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Research analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Dividend Announcement

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

Insiders Place Their Bets

In related news, VP Don Mcguire sold 13,599 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $296.57, for a total value of $4,033,055.43. Following the completion of the sale, the vice president directly owned 17,684 shares in the company, valued at $5,244,543.88. The trade was a 43.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Christopher D'ambrosio sold 597 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $296.90, for a total value of $177,249.30. Following the completion of the sale, the vice president owned 10,541 shares of the company's stock, valued at $3,129,622.90. This trade represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,516 shares of company stock worth $15,632,410 over the last three months. 0.21% of the stock is currently owned by corporate insiders.

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.

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