Pacer Advisors Inc. Grows Stake in Automatic Data Processing, Inc. $ADP

Pacer Advisors Inc. grew its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,152 shares of the business services provider’s stock after buying an additional 3,997 shares during the quarter. Pacer Advisors Inc.’s holdings in Automatic Data Processing were worth $17,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Imprint Wealth LLC purchased a new position in shares of Automatic Data Processing during the third quarter valued at $25,000. Cornerstone Financial Management LLC purchased a new stake in Automatic Data Processing in the fourth quarter worth about $26,000. Bard Associates Inc. bought a new position in Automatic Data Processing during the 4th quarter worth about $28,000. Board of the Pension Protection Fund bought a new position in Automatic Data Processing during the 4th quarter worth about $31,000. Finally, Y.D. More Investments Ltd purchased a new position in Automatic Data Processing during the 3rd quarter valued at about $32,000. Institutional investors own 80.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Guggenheim started coverage on shares of Automatic Data Processing in a report on Thursday, March 19th. They issued a “buy” rating and a $270.00 price target for the company. TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. Stifel Nicolaus reduced their price objective on shares of Automatic Data Processing from $270.00 to $240.00 in a research note on Thursday, April 30th. Mizuho lowered their target price on Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Finally, Jefferies Financial Group lowered their target price on Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and a consensus price target of $244.29.

Automatic Data Processing Stock Performance

ADP opened at $218.41 on Friday. The company has a market cap of $87.31 billion, a P/E ratio of 20.37 and a beta of 0.84. 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 firm’s 50-day moving average price is $214.26 and its 200-day moving average price is $228.17. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $315.98.

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 for the quarter, beating the consensus estimate of $3.30 by $0.07. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, equities analysts anticipate that Automatic Data Processing, Inc. will post 11.07 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

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 given a $1.70 dividend. The ex-dividend date is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.1%. Automatic Data Processing’s dividend payout ratio is 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.