Van Lanschot Kempen Investment Management N.V. Acquires 983 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• Van Lanschot Kempen Investment Management N.V. increased its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.7%, acquiring an additional 983 shares during the first quarter, bringing its total to 37,822 shares worth approximately $11.56 million.
• Automatic Data Processing announced a quarterly dividend of $1.54 per share, payable on October 1, which represents an annualized dividend of $6.16 and a yield of 2.0%.
• The company reported earnings per share of $2.26 for the last quarter, exceeding analyst estimates and contributing to a 6.3% year-over-year revenue growth to $5.13 billion.

Van Lanschot Kempen Investment Management N.V. raised its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,822 shares of the business services provider's stock after acquiring an additional 983 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in Automatic Data Processing were worth $11,556,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sentinus LLC grew its stake in Automatic Data Processing by 2.3% in the 4th quarter. Sentinus LLC now owns 1,548 shares of the business services provider's stock worth $453,000 after buying an additional 35 shares in the last quarter. Syntegra Private Wealth Group LLC grew its position in Automatic Data Processing by 4.7% during the 1st quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider's stock worth $238,000 after acquiring an additional 35 shares during the last quarter. Rehmann Capital Advisory Group raised its holdings in Automatic Data Processing by 1.0% during the 4th quarter. Rehmann Capital Advisory Group now owns 3,686 shares of the business services provider's stock valued at $1,079,000 after buying an additional 36 shares during the last quarter. Detalus Advisors LLC raised its holdings in Automatic Data Processing by 2.4% during the 1st quarter. Detalus Advisors LLC now owns 1,566 shares of the business services provider's stock valued at $478,000 after buying an additional 37 shares during the last quarter. Finally, Main Street Group LTD raised its holdings in Automatic Data Processing by 50.7% during the 4th quarter. Main Street Group LTD now owns 113 shares of the business services provider's stock valued at $33,000 after buying an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company's stock.

Automatic Data Processing Stock Performance

Shares of NASDAQ ADP traded down $3.6250 during trading on Monday, reaching $304.3250. 344,862 shares of the company traded hands, compared to its average volume of 1,721,399. The firm has a 50 day simple moving average of $305.10 and a 200-day simple moving average of $305.61. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $123.26 billion, a PE ratio of 30.49, a P/E/G ratio of 2.82 and a beta of 0.81. Automatic Data Processing, Inc. has a 52-week low of $267.79 and a 52-week high of $329.93.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share 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 company had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter in the prior year, the company earned $2.09 earnings per share. Automatic Data Processing's revenue was up 6.3% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently commented on ADP. Stifel Nicolaus upped their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $315.00 price objective on shares of Automatic Data Processing in a research report on Thursday, June 5th. BMO Capital Markets upgraded Automatic Data Processing to a "hold" rating and set a $340.00 price objective on the stock in a research report on Thursday, July 10th. Dbs Bank upgraded Automatic Data Processing to a "hold" rating in a research report on Thursday. Finally, 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 research report on Friday, June 13th. Two investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $317.00.

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.