Camrose Capital Investment Partners LLP Has $44.09 Million Stake in Automatic Data Processing, Inc. $ADP

Camrose Capital Investment Partners LLP lifted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 24.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 171,413 shares of the business services provider’s stock after acquiring an additional 34,041 shares during the period. Automatic Data Processing makes up 7.3% of Camrose Capital Investment Partners LLP’s holdings, making the stock its 10th biggest holding. Camrose Capital Investment Partners LLP’s holdings in Automatic Data Processing were worth $44,093,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ADP. Imprint Wealth LLC bought a new stake in Automatic Data Processing in the 3rd quarter worth about $25,000. Cornerstone Financial Management LLC bought a new stake in Automatic Data Processing in the 4th quarter worth about $26,000. Bard Associates Inc. bought a new stake in Automatic Data Processing in the 4th quarter worth about $28,000. Board of the Pension Protection Fund bought a new stake in Automatic Data Processing in the 4th quarter worth about $31,000. Finally, Y.D. More Investments Ltd bought a new stake in Automatic Data Processing in the 3rd quarter worth about $32,000. 80.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ADP has been the subject of a number of recent analyst reports. Stifel Nicolaus reduced their price objective on shares of Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a research report on Monday, May 18th. Citigroup reduced their target price on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Cantor Fitzgerald reduced their target price on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, UBS Group increased their target price on shares of Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $244.29.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $222.00 on Wednesday. The stock has a market capitalization of $88.74 billion, a P/E 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. The firm’s 50 day moving average is $213.32 and its 200 day moving average is $228.75. 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 announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The company had revenue of $5.94 billion for 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%. Automatic Data Processing’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, sell-side analysts anticipate that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

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 paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.1%. 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.