&PARTNERS Acquires 20,423 Shares of Automatic Data Processing, Inc. $ADP

&PARTNERS boosted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 7.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 284,299 shares of the business services provider’s stock after purchasing an additional 20,423 shares during the period. &PARTNERS’s holdings in Automatic Data Processing were worth $72,999,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Imprint Wealth LLC bought a new stake in Automatic Data Processing in the third quarter worth $25,000. Cornerstone Financial Management LLC bought a new stake in Automatic Data Processing in the fourth quarter worth $26,000. Y.D. More Investments Ltd bought a new stake in Automatic Data Processing in the third quarter worth $32,000. Bard Associates Inc. bought a new stake in Automatic Data Processing in the fourth quarter worth $28,000. Finally, Board of the Pension Protection Fund bought a new stake in Automatic Data Processing in the fourth quarter worth $31,000. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Price Performance

ADP stock opened at $222.00 on Wednesday. The firm’s 50-day moving average price is $213.32 and its two-hundred day moving average price is $228.75. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $315.98. The stock has a market capitalization of $88.74 billion, a price-to-earnings ratio of 20.71 and a beta of 0.84. 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 (NASDAQ:ADP) last announced 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. 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 for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the company earned $3.06 earnings per share. Automatic Data Processing’s quarterly 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. As a group, equities analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a dividend of $1.70 per share. The ex-dividend date is Friday, June 12th. This represents a $6.80 annualized dividend and a dividend yield of 3.1%. Automatic Data Processing’s payout ratio is currently 63.43%.

Wall Street Analyst Weigh In

Several research firms have weighed in on ADP. Stifel Nicolaus lowered their price target on shares of Automatic Data Processing from $270.00 to $240.00 in a research note on Thursday, April 30th. Wells Fargo & Company raised shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price target for the company in a research note on Monday, May 18th. Robert W. Baird lowered their price target on shares of Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. Morgan Stanley lowered their price target 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. Finally, Argus lowered their price target on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.