Nutshell Asset Management Ltd Has $11.39 Million Holdings in Automatic Data Processing, Inc. $ADP

Nutshell Asset Management Ltd grew its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 417.2% during the third quarter, HoldingsChannel.com reports. The firm owned 38,791 shares of the business services provider’s stock after buying an additional 31,291 shares during the period. Automatic Data Processing makes up about 5.4% of Nutshell Asset Management Ltd’s holdings, making the stock its 7th biggest holding. Nutshell Asset Management Ltd’s holdings in Automatic Data Processing were worth $11,385,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC grew its stake in shares of Automatic Data Processing by 1.1% during the third quarter. Private Advisor Group LLC now owns 23,161 shares of the business services provider’s stock worth $6,798,000 after purchasing an additional 257 shares during the period. PFG Advisors lifted its stake in Automatic Data Processing by 9.0% in the third quarter. PFG Advisors now owns 20,630 shares of the business services provider’s stock valued at $6,055,000 after buying an additional 1,701 shares during the period. Diversify Advisory Services LLC lifted its stake in Automatic Data Processing by 57.2% in the third quarter. Diversify Advisory Services LLC now owns 8,612 shares of the business services provider’s stock valued at $2,528,000 after buying an additional 3,135 shares during the period. Jefferies Financial Group Inc. bought a new position in Automatic Data Processing during the third quarter worth about $2,794,000. Finally, B. Metzler seel. Sohn & Co. AG boosted its holdings in Automatic Data Processing by 0.9% during the third quarter. B. Metzler seel. Sohn & Co. AG now owns 39,748 shares of the business services provider’s stock worth $11,666,000 after buying an additional 362 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ADP has been the subject of a number of recent analyst reports. Cantor Fitzgerald initiated coverage on Automatic Data Processing in a research note on Tuesday, January 27th. They issued an “overweight” rating and a $306.00 price target for the company. Morgan Stanley reduced their price objective on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 29th. Citigroup decreased their price objective on shares of Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 29th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a $230.00 target price (down from $245.00) on shares of Automatic Data Processing in a report on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $290.00.

Insider Buying and Selling

In related news, VP Brian L. Michaud sold 1,000 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $234.18, for a total transaction of $234,180.00. Following the transaction, the vice president directly owned 15,310 shares in the company, valued at approximately $3,585,295.80. The trade was a 6.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David Foskett sold 266 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $237.00, for a total transaction of $63,042.00. Following the sale, the vice president directly owned 10,954 shares in the company, valued at $2,596,098. This trade represents a 2.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 3,515 shares of company stock worth $887,074. 0.20% of the stock is owned by corporate insiders.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $226.29 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50-day moving average of $238.92 and a 200-day moving average of $262.83. The stock has a market capitalization of $91.11 billion, a price-to-earnings ratio of 21.76 and a beta of 0.86. Automatic Data Processing, Inc. has a fifty-two week low of $203.26 and a fifty-two week high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, beating the consensus estimate of $2.57 by $0.05. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.34 billion. Automatic Data Processing had a return on equity of 68.44% and a net margin of 19.96%.The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.35 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. As a group, sell-side analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a dividend of $1.70 per share. The ex-dividend date is Friday, March 13th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.0%. Automatic Data Processing’s dividend payout ratio is currently 65.38%.

Automatic Data Processing declared that its board has authorized a stock repurchase program on Wednesday, January 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the business services provider to purchase up to 5.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

About Automatic Data Processing

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.