Automatic Data Processing, Inc. $ADP Holdings Lifted by Allstate Corp

Allstate Corp grew its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 108.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,424 shares of the business services provider’s stock after purchasing an additional 16,836 shares during the period. Allstate Corp’s holdings in Automatic Data Processing were worth $8,340,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADP. Imprint Wealth LLC bought a new position in Automatic Data Processing in the 3rd quarter worth about $25,000. Cloud Capital Management LLC bought a new position in Automatic Data Processing in the 3rd quarter worth about $29,000. Board of the Pension Protection Fund bought a new position in Automatic Data Processing in the 4th quarter worth about $31,000. Y.D. More Investments Ltd bought a new position in Automatic Data Processing in the 3rd quarter worth about $32,000. Finally, High Point Wealth Management LLC bought a new position in Automatic Data Processing in the 4th quarter worth about $34,000. Institutional investors own 80.03% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ADP. TD Cowen upgraded shares of Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. UBS Group increased their price objective on shares of Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Wells Fargo & Company upgraded shares of 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. Cantor Fitzgerald decreased their price objective on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Finally, Guggenheim began coverage on shares of Automatic Data Processing in a report on Thursday, March 19th. They issued a “buy” rating and a $270.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $249.00.

Insiders Place Their Bets

In related news, VP Christopher D’ambrosio sold 543 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $208.45, for a total transaction of $113,188.35. Following the completion of the sale, the vice president directly owned 8,912 shares in the company, valued at approximately $1,857,706.40. This trade represents a 5.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

Automatic Data Processing Trading Down 3.1%

Automatic Data Processing stock opened at $218.35 on Wednesday. The firm has a 50 day simple moving average of $206.98 and a 200-day simple moving average of $231.48. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $87.28 billion, a PE ratio of 20.37 and a beta of 0.83. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last issued 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 firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, equities research analysts expect that Automatic Data Processing, Inc. will post 11.07 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 63.43%.

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.