Apella Capital LLC Has $1.43 Million Stake in Automatic Data Processing, Inc. $ADP

Apella Capital LLC lifted its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 59.9% in the first quarter, Holdings Channel.com reports. The firm owned 7,117 shares of the business services provider’s stock after acquiring an additional 2,665 shares during the quarter. Apella Capital LLC’s holdings in Automatic Data Processing were worth $1,427,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Imprint Wealth LLC purchased a new stake in 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 during the 4th quarter valued at $26,000. Bard Associates Inc. purchased a new position in shares of Automatic Data Processing during the 4th quarter valued at $28,000. Board of the Pension Protection Fund acquired a new position in shares of Automatic Data Processing in the fourth quarter worth $31,000. Finally, Prosperity Bancshares Inc purchased a new position in Automatic Data Processing in the fourth quarter valued at about $33,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Stock Up 3.3%

NASDAQ ADP opened at $223.55 on Friday. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $315.98. The stock has a market cap of $89.36 billion, a PE ratio of 20.85 and a beta of 0.84. The firm has a 50-day simple moving average of $216.71 and a 200 day simple moving average of $226.78. 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 issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.07. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, research analysts forecast that Automatic Data Processing, Inc. will post 11.08 EPS for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a yield of 3.0%. Automatic Data Processing’s payout ratio is currently 63.43%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ADP shares. UBS Group boosted their price target on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. BMO Capital Markets cut their price objective on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 7th. Wells Fargo & Company upgraded shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 target price for the company in a research note on Monday, May 18th. Morgan Stanley decreased their target price on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 28th. Finally, TD Cowen upgraded shares of Automatic Data Processing to a “hold” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Automatic Data Processing has an average rating of “Hold” and a consensus target price of $244.29.

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.