Bluedoor Private Wealth LLC Invests $1.06 Million in Automatic Data Processing, Inc. $ADP

Bluedoor Private Wealth LLC acquired a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,105 shares of the business services provider’s stock, valued at approximately $1,056,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Imprint Wealth LLC purchased a new position in shares of Automatic Data Processing in the 3rd quarter worth approximately $25,000. Cornerstone Financial Management LLC purchased a new position in shares of Automatic Data Processing in the 4th quarter worth approximately $26,000. Bard Associates Inc. purchased a new position in shares of Automatic Data Processing in the 4th quarter worth approximately $28,000. Board of the Pension Protection Fund purchased a new position in shares of Automatic Data Processing in the 4th quarter worth approximately $31,000. Finally, Y.D. More Investments Ltd purchased a new position in shares of Automatic Data Processing in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Down 1.3%

NASDAQ:ADP opened at $223.22 on Tuesday. The company has a market cap of $89.23 billion, a PE ratio of 20.82 and a beta of 0.84. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $315.98. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $212.96 and its two-hundred day moving average is $228.98.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.30 by $0.07. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. Automatic Data Processing’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Analysts anticipate that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s payout ratio is presently 63.43%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ADP shares. 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 raised shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price objective on the stock in a research report on Monday, May 18th. TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a research report on Monday, May 18th. Citigroup dropped their target price on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Finally, Stifel Nicolaus dropped their target price on shares of Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Automatic Data Processing has a consensus rating of “Hold” and a consensus price target 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.