Cambient Family Office LLC Buys Shares of 36,222 Automatic Data Processing, Inc. $ADP

Cambient Family Office LLC purchased a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 36,222 shares of the business services provider’s stock, valued at approximately $9,379,000. Automatic Data Processing makes up about 1.3% of Cambient Family Office LLC’s holdings, making the stock its 18th biggest position.

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

Analyst Ratings Changes

ADP has been the topic of several research analyst reports. Robert W. Baird lowered their price target on Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Mizuho cut their price objective on Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Cantor Fitzgerald decreased their target price on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. UBS Group raised their target price on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Wells Fargo & Company raised Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 target price on the stock in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $244.29.

Automatic Data Processing Stock Down 0.2%

ADP stock opened at $218.41 on Friday. The firm has a market cap of $87.31 billion, a PE ratio of 20.37 and a beta of 0.84. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $315.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a 50 day simple moving average of $213.90 and a 200 day simple moving average of $228.24.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.30 by $0.07. The firm had revenue of $5.94 billion for 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 quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 annualized dividend and a dividend yield of 3.1%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 63.43%.

Automatic Data Processing 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.