Automatic Data Processing, Inc. $ADP Shares Bought by Bayban

Bayban raised its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 512.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 2,868 shares of the business services provider’s stock after buying an additional 2,400 shares during the period. Bayban’s holdings in Automatic Data Processing were worth $583,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ADP. Imprint Wealth LLC purchased a new stake in Automatic Data Processing in the third quarter valued at $25,000. Cornerstone Financial Management LLC purchased a new position in shares of Automatic Data Processing during the fourth quarter worth $26,000. Bard Associates Inc. acquired a new stake in shares of Automatic Data Processing in the fourth quarter valued at $28,000. Board of the Pension Protection Fund purchased a new stake in shares of Automatic Data Processing in the 4th quarter valued at $31,000. Finally, Prosperity Bancshares Inc purchased a new stake in shares of Automatic Data Processing in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analysts Set New Price Targets

ADP has been the subject of a number of research analyst reports. Argus lowered their target price 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. Robert W. Baird cut their price target on shares of Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. Citigroup reduced their price target 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. Jefferies Financial Group lowered their price objective on shares of Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald cut their target price on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. One 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 issued a Sell rating to the company. Based on data from MarketBeat, Automatic Data Processing presently has an average rating of “Hold” and an average price target of $244.29.

Automatic Data Processing Stock Down 0.5%

ADP stock opened at $223.95 on Wednesday. The company’s 50 day moving average price is $217.67 and its 200 day moving average price is $226.07. The firm has a market capitalization of $89.52 billion, a price-to-earnings ratio of 20.89 and a beta of 0.84. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $315.98. 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 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the business posted $3.06 EPS. The firm’s revenue 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. On average, equities research analysts anticipate that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal 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 issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s payout ratio is 63.43%.

Automatic Data Processing Company 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.