Automatic Data Processing, Inc. $ADP Shares Acquired by Coerente Capital Management

Coerente Capital Management increased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 29.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,480 shares of the business services provider’s stock after purchasing an additional 27,643 shares during the period. Automatic Data Processing accounts for 4.6% of Coerente Capital Management’s portfolio, making the stock its 7th largest holding. Coerente Capital Management’s holdings in Automatic Data Processing were worth $24,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Imprint Wealth LLC bought a new stake in shares of Automatic Data Processing during the third quarter worth $25,000. Cornerstone Financial Management LLC bought a new position in Automatic Data Processing in the fourth quarter valued at about $26,000. Bard Associates Inc. bought a new position in Automatic Data Processing in the fourth quarter valued at about $28,000. Board of the Pension Protection Fund acquired a new stake in Automatic Data Processing in the fourth quarter worth about $31,000. Finally, Prosperity Bancshares Inc acquired a new stake in Automatic Data Processing in the fourth quarter worth about $33,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley dropped their price objective on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. Mizuho reduced their target price on shares of Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. Jefferies Financial Group lowered their price target on shares of Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Guggenheim started coverage on shares of Automatic Data Processing in a research note on Thursday, March 19th. They set a “buy” rating and a $270.00 price target for the company. Finally, Stifel Nicolaus cut their price objective on shares of Automatic Data Processing from $270.00 to $240.00 in a 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 company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $244.29.

Automatic Data Processing Stock Up 2.7%

NASDAQ:ADP opened at $220.50 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $315.98. The stock’s fifty day simple moving average is $215.26 and its 200-day simple moving average is $227.40. The firm has a market capitalization of $88.14 billion, a P/E ratio of 20.57 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating 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 business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the prior year, the company posted $3.06 earnings per share. The firm’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 expect that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a $1.70 dividend. The ex-dividend date of this dividend 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 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.