KBC Group NV Buys 369,605 Shares of Automatic Data Processing, Inc. $ADP

KBC Group NV increased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 228.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 531,461 shares of the business services provider’s stock after buying an additional 369,605 shares during the period. KBC Group NV’s holdings in Automatic Data Processing were worth $107,982,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ADP. Imprint Wealth LLC purchased a new stake in Automatic Data Processing in the 3rd quarter valued at about $25,000. Cornerstone Financial Management LLC bought a new position in Automatic Data Processing in the 4th quarter worth about $26,000. Bard Associates Inc. purchased a new position in shares of Automatic Data Processing during the fourth quarter worth approximately $28,000. Whipplewood Advisors LLC increased its position in shares of Automatic Data Processing by 2,740.0% during the first quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock worth $29,000 after acquiring an additional 137 shares during the period. Finally, Prosperity Bancshares Inc bought a new stake in shares of Automatic Data Processing during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $255.26 on Monday. The firm has a market cap of $102.04 billion, a price-to-earnings ratio of 23.81 and a beta of 0.83. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $315.98. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $228.00 and its 200 day moving average is $224.61.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.Automatic Data Processing’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, sell-side analysts anticipate that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ADP. Wells Fargo & Company boosted their price target on Automatic Data Processing from $214.00 to $248.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Mizuho reduced their price objective on Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Jefferies Financial Group decreased their target price on Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Robert W. Baird lowered their target price on Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. Finally, UBS Group increased their price target on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Automatic Data Processing presently has a consensus rating of “Hold” and a consensus target price of $248.64.

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.