Corient Private Wealth LLC Purchases 22,921 Shares of Automatic Data Processing, Inc. $ADP

Corient Private Wealth LLC boosted its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 422,378 shares of the business services provider’s stock after acquiring an additional 22,921 shares during the period. Corient Private Wealth LLC’s holdings in Automatic Data Processing were worth $108,663,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADP. Imprint Wealth LLC acquired a new position in Automatic Data Processing during the 3rd quarter valued at about $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Automatic Data Processing during the 4th quarter worth approximately $26,000. Y.D. More Investments Ltd acquired a new stake in shares of Automatic Data Processing during the 3rd quarter worth approximately $32,000. Bard Associates Inc. bought a new stake in shares of Automatic Data Processing during the fourth quarter worth approximately $28,000. Finally, Board of the Pension Protection Fund bought a new stake in shares of Automatic Data Processing during the fourth quarter worth approximately $31,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $218.41 on Friday. The company’s 50-day moving average price is $214.26 and its two-hundred day moving average price is $228.17. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. The stock has a market cap of $87.31 billion, a P/E ratio of 20.37 and a beta of 0.84. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the company posted $3.06 earnings per share. The business’s 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, analysts expect that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ADP. BMO Capital Markets cut their price objective on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. Mizuho dropped their target price on shares of Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Robert W. Baird cut their price target on Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. Finally, Stifel Nicolaus reduced their price target on Automatic Data Processing from $270.00 to $240.00 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 assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Automatic Data Processing currently has a consensus rating of “Hold” and a consensus 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.