Caxton Associates LLP Has $2.22 Million Stock Holdings in Automatic Data Processing, Inc. $ADP

Caxton Associates LLP lowered its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 93.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,210 shares of the business services provider’s stock after selling 102,552 shares during the quarter. Caxton Associates LLP’s holdings in Automatic Data Processing were worth $2,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ADP. Activest Wealth Management increased its position in Automatic Data Processing by 2,600.0% in the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 78 shares during the period. Harbor Asset Planning Inc. acquired a new stake in Automatic Data Processing in the second quarter valued at $26,000. Mid American Wealth Advisory Group Inc. bought a new position in Automatic Data Processing during the 2nd quarter worth $26,000. Howard Hughes Medical Institute acquired a new position in Automatic Data Processing during the 2nd quarter worth about $27,000. Finally, Solstein Capital LLC bought a new stake in shares of Automatic Data Processing in the 2nd quarter valued at about $28,000. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Up 0.5%

Shares of NASDAQ ADP opened at $266.10 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. The firm has a market cap of $107.62 billion, a PE ratio of 26.27 and a beta of 0.86. The company’s fifty day simple moving average is $265.94 and its 200 day simple moving average is $290.55. Automatic Data Processing, Inc. has a 12-month low of $247.18 and a 12-month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.05. The firm had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.14 billion. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.33 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, sell-side analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 12th will be issued a dividend of $1.70 per share. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $1.54. This represents a $6.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, December 12th. Automatic Data Processing’s dividend payout ratio is presently 67.13%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. UBS Group cut their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. JPMorgan Chase & Co. lowered their price target on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 8th. Wells Fargo & Company decreased their price objective on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. Finally, Citigroup started coverage on shares of Automatic Data Processing in a report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 target price on the stock. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $312.67.

About Automatic Data Processing

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.