IFM Investors Pty Ltd Buys 2,802 Shares of Automatic Data Processing, Inc. $ADP

IFM Investors Pty Ltd grew its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,580 shares of the business services provider’s stock after acquiring an additional 2,802 shares during the quarter. IFM Investors Pty Ltd’s holdings in Automatic Data Processing were worth $16,372,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ADP. Hilltop Holdings Inc. bought a new position in shares of Automatic Data Processing in the 3rd quarter worth approximately $5,292,000. Jefferies Financial Group Inc. bought a new stake in Automatic Data Processing during the third quarter valued at approximately $2,794,000. Horizon Investments LLC grew its position in Automatic Data Processing by 34.1% during the fourth quarter. Horizon Investments LLC now owns 26,144 shares of the business services provider’s stock valued at $6,725,000 after buying an additional 6,655 shares during the period. Compass Capital Management Inc. increased its holdings in Automatic Data Processing by 3.0% during the fourth quarter. Compass Capital Management Inc. now owns 203,710 shares of the business services provider’s stock valued at $52,400,000 after buying an additional 5,899 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC increased its holdings in Automatic Data Processing by 181.5% during the third quarter. Elevation Point Wealth Partners LLC now owns 16,789 shares of the business services provider’s stock valued at $4,950,000 after buying an additional 10,824 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. TD Cowen upgraded Automatic Data Processing to a “hold” rating in a research note on Monday, May 18th. Robert W. Baird cut their price target on Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. Morgan Stanley reduced their price target on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 28th. Cantor Fitzgerald lowered their price objective on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group cut their price objective on Automatic Data Processing from $230.00 to $190.00 in a research note 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $244.29.

Automatic Data Processing Price Performance

Shares of Automatic Data Processing stock opened at $235.73 on Thursday. The company has a market capitalization of $94.23 billion, a price-to-earnings ratio of 21.99 and a beta of 0.83. 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 stock’s 50-day simple moving average is $218.34 and its 200-day simple moving average is $225.87. 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 earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.30 by $0.07. The firm had revenue of $5.94 billion during 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 firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, analysts expect that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th were issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) 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.