Global X Japan Co. Ltd. Buys 4,943 Shares of Automatic Data Processing, Inc. $ADP

Global X Japan Co. Ltd. grew its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 235.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,044 shares of the business services provider’s stock after buying an additional 4,943 shares during the period. Global X Japan Co. Ltd.’s holdings in Automatic Data Processing were worth $2,067,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ADP. Activest Wealth Management lifted its holdings 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 worth $25,000 after purchasing an additional 78 shares during the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in shares of Automatic Data Processing in the second quarter valued at approximately $26,000. Harbor Asset Planning Inc. acquired a new stake in shares of Automatic Data Processing in the second quarter worth $26,000. Howard Hughes Medical Institute bought a new stake in shares of Automatic Data Processing during the 2nd quarter worth $27,000. Finally, Solstein Capital LLC bought a new stake in shares of Automatic Data Processing during the 2nd quarter worth $28,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on ADP shares. Citigroup began coverage on shares of Automatic Data Processing in a research report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 target price for the company. Jefferies Financial Group reissued an “underperform” rating and set a $230.00 price objective (down previously from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday. Wells Fargo & Company dropped their price target on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Finally, UBS Group cut their price target on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $306.42.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $257.01 on Wednesday. The firm has a market capitalization of $103.95 billion, a PE ratio of 25.37 and a beta of 0.86. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a 1-year low of $247.18 and a 1-year high of $329.93. The business’s 50 day moving average is $262.19 and its 200-day moving average is $287.36.

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

Automatic Data Processing Increases Dividend

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

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.