Impact Partnership Wealth LLC Acquires New Shares in Automatic Data Processing, Inc. $ADP

Impact Partnership Wealth LLC acquired a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,278 shares of the business services provider’s stock, valued at approximately $463,000.

Other institutional investors also recently bought and sold shares of the company. Imprint Wealth LLC purchased a new position in shares of Automatic Data Processing in the third quarter valued at $25,000. Cornerstone Financial Management LLC purchased a new stake in shares of Automatic Data Processing in the 4th quarter worth about $26,000. Bard Associates Inc. purchased a new stake in shares of Automatic Data Processing in the 4th quarter worth about $28,000. Board of the Pension Protection Fund acquired a new stake in Automatic Data Processing in the 4th quarter valued at about $31,000. Finally, Prosperity Bancshares Inc acquired a new stake in Automatic Data Processing in the 4th quarter valued at about $33,000. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $235.73 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $94.23 billion, a PE ratio of 21.99 and a beta of 0.83. The firm has a 50 day simple moving average of $218.34 and a 200-day simple moving average of $225.87. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last announced 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 analyst estimates of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. Automatic Data Processing’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. On average, equities analysts expect that Automatic Data Processing, Inc. will post 11.08 EPS for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th were issued a dividend of $1.70 per share. The ex-dividend date was Friday, June 12th. This represents a $6.80 annualized dividend and a dividend yield of 2.9%. Automatic Data Processing’s dividend payout ratio (DPR) is 63.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ADP shares. Jefferies Financial Group cut their target price on shares of Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Stifel Nicolaus lowered their price target on shares of Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. Morgan Stanley dropped their price objective on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. Wells Fargo & Company raised Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 target price on the stock in a research note on Monday, May 18th. Finally, Citigroup lowered their target price on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $244.29.

About Automatic Data Processing

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.