Abel Hall LLC Grows Position in Automatic Data Processing, Inc. $ADP

Abel Hall LLC lifted its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 73.2% in the first quarter, Holdings Channel reports. The firm owned 5,062 shares of the business services provider’s stock after purchasing an additional 2,139 shares during the period. Abel Hall LLC’s holdings in Automatic Data Processing were worth $1,028,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ADP. Imprint Wealth LLC purchased a new stake in shares of Automatic Data Processing in the third quarter worth about $25,000. Cornerstone Financial Management LLC acquired a new position in Automatic Data Processing during the 4th quarter worth approximately $26,000. Bard Associates Inc. acquired a new position in Automatic Data Processing during the 4th quarter worth approximately $28,000. Board of the Pension Protection Fund purchased a new position in Automatic Data Processing in the 4th quarter worth approximately $31,000. Finally, Prosperity Bancshares Inc purchased a new position in Automatic Data Processing in the 4th quarter worth approximately $33,000. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ADP. 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 for the company in a research report on Monday, May 18th. Guggenheim initiated coverage on Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 target price on the stock. Morgan Stanley reduced their price target on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. Mizuho cut their target price on Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Finally, Jefferies Financial Group reduced their target price on Automatic Data Processing from $230.00 to $190.00 in a research note 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 issued a Sell rating to the company. Based on data from MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and a consensus price target of $244.29.

Automatic Data Processing Stock Performance

Shares of ADP opened at $242.27 on Monday. The stock has a market capitalization of $96.84 billion, a PE ratio of 22.60 and a beta of 0.83. The business’s fifty day moving average price is $219.94 and its 200 day moving average price is $225.54. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. 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 earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.30 by $0.07. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities research analysts forecast that Automatic Data Processing, Inc. will post 11.08 EPS for the current year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were issued a $1.70 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $6.80 annualized dividend and a dividend yield of 2.8%. Automatic Data Processing’s dividend payout ratio (DPR) is 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.