Heritage Investors Management Corp Acquires 2,924 Shares of Automatic Data Processing, Inc. $ADP

Heritage Investors Management Corp boosted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,344 shares of the business services provider’s stock after purchasing an additional 2,924 shares during the period. Heritage Investors Management Corp’s holdings in Automatic Data Processing were worth $14,902,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADP. Hilltop Holdings Inc. purchased a new stake in shares of Automatic Data Processing in the 3rd quarter worth about $5,292,000. Jefferies Financial Group Inc. purchased a new position in shares of Automatic Data Processing during the third quarter valued at about $2,794,000. Horizon Investments LLC increased its position in shares of 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. raised its stake in Automatic Data Processing by 3.0% in the fourth quarter. Compass Capital Management Inc. now owns 203,710 shares of the business services provider’s stock worth $52,400,000 after buying an additional 5,899 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC raised its stake in Automatic Data Processing by 181.5% in the third quarter. Elevation Point Wealth Partners LLC now owns 16,789 shares of the business services provider’s stock worth $4,950,000 after buying an additional 10,824 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Mizuho decreased their price objective on Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Guggenheim assumed coverage on Automatic Data Processing in a report on Thursday, March 19th. They issued a “buy” rating and a $270.00 target price for the company. Citigroup decreased their price objective on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. UBS Group raised their target price on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Finally, BMO Capital Markets cut their price objective on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and a consensus price target of $244.29.

Automatic Data Processing Trading Up 2.8%

ADP stock opened at $242.27 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $315.98. The business has a 50 day simple moving average of $219.13 and a two-hundred day simple moving average of $225.70. The company has a market capitalization of $96.84 billion, a price-to-earnings ratio of 22.60 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter last year, the business posted $3.06 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Research analysts anticipate that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th were issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was 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.