Stance Capital LLC Raises Stock Holdings in Automatic Data Processing, Inc. $ADP

Stance Capital LLC raised its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 251.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,093 shares of the business services provider’s stock after purchasing an additional 11,515 shares during the quarter. Automatic Data Processing accounts for 1.5% of Stance Capital LLC’s portfolio, making the stock its 11th largest position. Stance Capital LLC’s holdings in Automatic Data Processing were worth $4,140,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cornerstone Planning LLC acquired a new stake in Automatic Data Processing in the fourth quarter valued at $3,249,000. Osbon Capital Management LLC acquired a new position in Automatic Data Processing during the 4th quarter worth $52,000. World Investment Advisors grew its holdings in Automatic Data Processing by 164.0% during the 4th quarter. World Investment Advisors now owns 28,062 shares of the business services provider’s stock worth $7,219,000 after acquiring an additional 17,434 shares in the last quarter. Farmers National Bank increased its position in shares of Automatic Data Processing by 2.8% in the 4th quarter. Farmers National Bank now owns 2,425 shares of the business services provider’s stock worth $624,000 after purchasing an additional 66 shares during the last quarter. Finally, Nalls Sherbakoff Group LLC bought a new stake in shares of Automatic Data Processing in the 4th quarter worth about $310,000. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ADP shares. Jefferies Financial Group cut their target price on shares of Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Argus lowered their price objective on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Wells Fargo & Company upgraded 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 note on Monday, May 18th. Stifel Nicolaus reduced their target price on Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. Finally, Robert W. Baird decreased their target price on Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Automatic Data Processing presently has an average rating of “Hold” and a consensus price target of $244.29.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $218.41 on Friday. The stock has a market capitalization of $87.31 billion, a price-to-earnings ratio of 20.37 and a beta of 0.84. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $315.98. The company’s fifty day moving average is $214.26 and its two-hundred day moving average is $228.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04.

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

Automatic Data Processing Dividend Announcement

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