Cardano Risk Management B.V. Buys 3,223,855 Shares of Automatic Data Processing, Inc. $ADP

Cardano Risk Management B.V. increased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 950.1% in the fourth quarter, HoldingsChannel reports. The fund owned 3,563,180 shares of the business services provider’s stock after purchasing an additional 3,223,855 shares during the period. Cardano Risk Management B.V.’s holdings in Automatic Data Processing were worth $916,557,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Imprint Wealth LLC bought a new position in shares of Automatic Data Processing in the 3rd quarter worth approximately $25,000. Board of the Pension Protection Fund bought a new position in shares of Automatic Data Processing in the 4th quarter worth approximately $31,000. Y.D. More Investments Ltd bought a new position in shares of Automatic Data Processing in the 3rd quarter worth approximately $32,000. High Point Wealth Management LLC bought a new position in shares of Automatic Data Processing in the 4th quarter worth approximately $34,000. Finally, AlphaQuest LLC bought a new position in shares of Automatic Data Processing in the 3rd quarter worth approximately $38,000. Institutional investors own 80.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Citigroup decreased their target price on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Jefferies Financial Group cut their price target on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Wells Fargo & Company upgraded Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price target on the stock in a research note on Monday, May 18th. Robert W. Baird cut their price target on Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. Finally, TD Cowen upgraded Automatic Data Processing to a “hold” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $244.29.

Insider Activity

In other news, VP Christopher D’ambrosio sold 543 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $208.45, for a total value of $113,188.35. Following the transaction, the vice president directly owned 8,912 shares in the company, valued at $1,857,706.40. This trade represents a 5.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by company insiders.

Automatic Data Processing Stock Performance

Shares of ADP opened at $226.21 on Friday. The business’s fifty day simple moving average is $212.58 and its two-hundred day simple moving average is $229.36. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $315.98. The company has a market cap of $90.42 billion, a price-to-earnings ratio of 21.10 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating the consensus estimate of $3.30 by $0.07. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same period last year, the business posted $3.06 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Research analysts anticipate that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently declared 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. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) is 63.43%.

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.