Fort Washington Investment Advisors Inc. OH Buys 46,079 Shares of Automatic Data Processing, Inc. $ADP

Fort Washington Investment Advisors Inc. OH increased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 28.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,310 shares of the business services provider’s stock after buying an additional 46,079 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.05% of Automatic Data Processing worth $41,918,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Imprint Wealth LLC acquired a new stake in shares of Automatic Data Processing during the third quarter worth approximately $25,000. Cornerstone Financial Management LLC bought a new position in shares of Automatic Data Processing in the fourth quarter valued at approximately $26,000. Bard Associates Inc. acquired a new position in shares of Automatic Data Processing in the 4th quarter worth approximately $28,000. Board of the Pension Protection Fund bought a new stake in Automatic Data Processing during the 4th quarter worth approximately $31,000. Finally, Prosperity Bancshares Inc bought a new stake in Automatic Data Processing during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ADP. Jefferies Financial Group decreased their target price on Automatic Data Processing from $230.00 to $190.00 in a 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 on the stock in a research report on Tuesday, April 7th. Guggenheim began coverage on shares of Automatic Data Processing in a report on Thursday, March 19th. They set a “buy” rating and a $270.00 price objective on the stock. TD Cowen upgraded shares of Automatic Data Processing to a “hold” rating in a research report on Monday, May 18th. Finally, Citigroup dropped their target price on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and an average price target of $244.29.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock opened at $223.55 on Friday. The firm has a fifty day moving average of $216.71 and a two-hundred day moving average of $226.78. 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 stock has a market capitalization of $89.36 billion, a price-to-earnings ratio of 20.85 and a beta of 0.84. 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 issued its earnings results 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. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations 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 revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, equities research analysts predict that Automatic Data Processing, Inc. will post 11.08 EPS for the current year.

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s payout ratio is currently 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.