CPC Advisors LLC Raises Stake in Automatic Data Processing, Inc. $ADP

CPC Advisors LLC increased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 829.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,200 shares of the business services provider’s stock after purchasing an additional 9,102 shares during the quarter. CPC Advisors LLC’s holdings in Automatic Data Processing were worth $2,072,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ADP. Brookstone Capital Management lifted its position in Automatic Data Processing by 12.8% during the first quarter. Brookstone Capital Management now owns 14,910 shares of the business services provider’s stock valued at $3,029,000 after buying an additional 1,689 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in shares of Automatic Data Processing by 3.8% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 13,591 shares of the business services provider’s stock worth $2,761,000 after acquiring an additional 492 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Automatic Data Processing by 20.0% in the 1st quarter. SG Americas Securities LLC now owns 635,921 shares of the business services provider’s stock valued at $129,206,000 after acquiring an additional 105,819 shares during the period. Tactive Advisors LLC purchased a new position in shares of Automatic Data Processing in the 1st quarter valued at $18,206,000. Finally, Evolve Private Wealth LLC lifted its holdings in shares of Automatic Data Processing by 22.6% during the 1st quarter. Evolve Private Wealth LLC now owns 3,033 shares of the business services provider’s stock valued at $616,000 after acquiring an additional 560 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on ADP shares. Mizuho decreased their price target on shares of Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. TD Cowen raised Automatic Data Processing to a “hold” rating in a research report on Monday, May 18th. Stifel Nicolaus reduced their price objective on Automatic Data Processing from $270.00 to $240.00 in a research note on Thursday, April 30th. Guggenheim started coverage on Automatic Data Processing in a research report on Thursday, March 19th. They issued a “buy” rating and a $270.00 target price for the company. Finally, Jefferies Financial Group lowered their target price on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. One 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $244.29.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $218.41 on Monday. The stock has a market cap of $87.31 billion, a P/E ratio of 20.37 and a beta of 0.84. The company’s fifty day simple moving average is $214.26 and its 200-day simple moving average is $227.98. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. 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 released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the business earned $3.06 EPS. 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. Equities research analysts predict 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. 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 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.