13,073 Shares in Automatic Data Processing, Inc. $ADP Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,073 shares of the business services provider’s stock, valued at approximately $3,363,000.

Several other institutional investors have also made changes to their positions in ADP. Imprint Wealth LLC acquired a new stake in shares of Automatic Data Processing during the third quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in Automatic Data Processing in the fourth quarter valued at approximately $26,000. Bard Associates Inc. acquired a new stake in Automatic Data Processing in the fourth quarter valued at approximately $28,000. Board of the Pension Protection Fund acquired a new stake in Automatic Data Processing in the fourth quarter valued at approximately $31,000. Finally, Y.D. More Investments Ltd acquired a new stake in Automatic Data Processing in the third quarter valued at approximately $32,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Robert W. Baird reduced their target price on shares of Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. Morgan Stanley reduced 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 note on Tuesday, April 28th. 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. Stifel Nicolaus reduced their target price on shares of Automatic Data Processing from $270.00 to $240.00 in a research note on Thursday, April 30th. Finally, Jefferies Financial Group reduced their target price on shares of Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. 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, the company has an average rating of “Hold” and an average target price of $244.29.

Automatic Data Processing Price Performance

NASDAQ:ADP opened at $226.21 on Monday. The stock has a market cap of $90.42 billion, a P/E ratio of 21.10 and a beta of 0.84. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $315.98. The company has a fifty day moving average price of $212.58 and a 200 day moving average price of $229.21. 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 (NASDAQ:ADP) last released its earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS 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 analysts’ expectations of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Analysts anticipate that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be paid a dividend of $1.70 per share. 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 dividend payout ratio is presently 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.