Nations Financial Group Inc. IA ADV Sells 9,052 Shares of Automatic Data Processing, Inc. $ADP

Nations Financial Group Inc. IA ADV lessened its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 42.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,027 shares of the business services provider’s stock after selling 9,052 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Automatic Data Processing were worth $2,444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Physicians Financial Services Inc. raised its stake in Automatic Data Processing by 3.7% during the first quarter. Physicians Financial Services Inc. now owns 23,350 shares of the business services provider’s stock valued at $4,744,000 after buying an additional 842 shares during the last quarter. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Automatic Data Processing in the fourth quarter worth $211,000. Stance Capital LLC grew its stake in shares of Automatic Data Processing by 251.5% in the fourth quarter. Stance Capital LLC now owns 16,093 shares of the business services provider’s stock worth $4,140,000 after acquiring an additional 11,515 shares during the last quarter. Cornerstone Planning LLC bought a new position in shares of Automatic Data Processing during the fourth quarter valued at $3,249,000. Finally, Osbon Capital Management LLC bought a new position in shares of Automatic Data Processing during the fourth quarter valued at $52,000. Institutional investors own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ADP. Citigroup cut their price objective on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. BMO Capital Markets reduced their price target on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a research report on Tuesday, April 7th. UBS Group boosted their price objective on shares of Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Robert W. Baird lowered their price objective on Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Finally, TD Cowen upgraded Automatic Data Processing to a “hold” rating in a research note on Monday, May 18th. One research 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $244.29.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $218.41 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $87.31 billion, a price-to-earnings ratio of 20.37 and a beta of 0.84. The business has a 50-day simple moving average of $214.26 and a two-hundred day simple moving average of $227.98. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, analysts expect that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

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

Automatic Data Processing Company 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.