Drucker Wealth 3.0 LLC Purchases Shares of 3,713 Automatic Data Processing, Inc. $ADP

Drucker Wealth 3.0 LLC purchased a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,713 shares of the business services provider’s stock, valued at approximately $754,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Imprint Wealth LLC purchased a new position in shares of Automatic Data Processing during the 3rd quarter valued at $25,000. Cornerstone Financial Management LLC purchased a new stake in Automatic Data Processing in the 4th quarter worth $26,000. Bard Associates Inc. bought a new stake in Automatic Data Processing during the fourth quarter valued at about $28,000. Board of the Pension Protection Fund bought a new stake in Automatic Data Processing during the fourth quarter valued at about $31,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of Automatic Data Processing in the fourth quarter valued at about $33,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ADP. Morgan Stanley dropped their price objective on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. Guggenheim started coverage on Automatic Data Processing in a report on Thursday, March 19th. They issued a “buy” rating and a $270.00 price target on the stock. TD Cowen upgraded Automatic Data Processing to a “hold” rating in a research note on Monday, May 18th. 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 for the company in a report on Tuesday, April 7th. Finally, Cantor Fitzgerald reduced their price objective on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Automatic Data Processing has an average rating of “Hold” and an average price target of $244.29.

Automatic Data Processing Price Performance

Shares of Automatic Data Processing stock opened at $224.97 on Tuesday. The firm has a market cap of $89.93 billion, a PE ratio of 20.99 and a beta of 0.84. The stock has a 50 day moving average of $217.21 and a 200 day moving average of $226.32. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data 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. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate 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 revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, research analysts expect that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a $1.70 dividend. 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 currently 63.43%.

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.