Fjarde AP Fonden Fourth Swedish National Pension Fund Has $39.61 Million Position in Automatic Data Processing, Inc. $ADP

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 72.6% during the first quarter, Holdings Channel reports. The fund owned 194,968 shares of the business services provider’s stock after purchasing an additional 82,030 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Automatic Data Processing were worth $39,614,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Automatic Data Processing by 6,493.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,468,180 shares of the business services provider’s stock valued at $892,120,000 after purchasing an additional 3,415,576 shares during the last quarter. Cardano Risk Management B.V. raised its position in shares of Automatic Data Processing by 950.1% in the fourth quarter. Cardano Risk Management B.V. now owns 3,563,180 shares of the business services provider’s stock valued at $916,557,000 after purchasing an additional 3,223,855 shares during the period. Norges Bank acquired a new stake in shares of Automatic Data Processing during the 4th quarter worth about $721,738,000. Wellington Management Group LLP lifted its stake in shares of Automatic Data Processing by 47.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,830,294 shares of the business services provider’s stock worth $2,004,691,000 after buying an additional 2,208,927 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of Automatic Data Processing by 133.3% during the 4th quarter. Clearbridge Investments LLC now owns 1,687,793 shares of the business services provider’s stock worth $434,151,000 after buying an additional 964,405 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Up 2.8%

ADP opened at $242.27 on Friday. The stock has a fifty day moving average of $219.13 and a 200-day moving average of $225.70. The company has a market capitalization of $96.84 billion, a P/E ratio of 22.60 and a beta of 0.83. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $315.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly 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 net margin of 20.12% and a return on equity of 68.82%. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the prior year, the company posted $3.06 earnings per share. Automatic Data Processing’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. On average, equities analysts expect that Automatic Data Processing, Inc. will post 11.08 EPS for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th were issued a $1.70 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a yield of 2.8%. Automatic Data Processing’s payout ratio is currently 63.43%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Guggenheim assumed coverage on shares of Automatic Data Processing in a research note on Thursday, March 19th. They issued a “buy” rating and a $270.00 price target on the stock. Mizuho cut their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a research report 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 objective for the company in a report on Monday, May 18th. TD Cowen raised Automatic Data Processing to a “hold” rating in a research report on Monday, May 18th. Finally, Argus decreased their target price on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $244.29.

Automatic Data Processing 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.