Teacher Retirement System of Texas Has $66.21 Million Stake in Automatic Data Processing, Inc. $ADP

Teacher Retirement System of Texas grew its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 9.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 257,387 shares of the business services provider’s stock after purchasing an additional 22,641 shares during the quarter. Teacher Retirement System of Texas’ holdings in Automatic Data Processing were worth $66,208,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADP. Imprint Wealth LLC acquired a new position in Automatic Data Processing in the third quarter worth $25,000. TruNorth Capital Management LLC acquired a new position in Automatic Data Processing in the third quarter worth $28,000. Cloud Capital Management LLC acquired a new position in Automatic Data Processing in the third quarter worth $29,000. Board of the Pension Protection Fund acquired a new position in Automatic Data Processing in the fourth quarter worth $31,000. Finally, Y.D. More Investments Ltd acquired a new position in Automatic Data Processing in the third quarter worth $32,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Brian L. Michaud sold 1,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $234.18, for a total value of $234,180.00. Following the completion of the transaction, the vice president directly owned 15,310 shares of the company’s stock, valued at approximately $3,585,295.80. The trade was a 6.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $208.45, for a total value of $113,188.35. Following the completion of the transaction, the vice president directly owned 8,912 shares of the company’s stock, valued at approximately $1,857,706.40. The trade was a 5.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,809 shares of company stock valued at $410,410. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Trading Down 0.6%

NASDAQ ADP opened at $201.69 on Thursday. The stock has a 50-day simple moving average of $207.91 and a 200 day simple moving average of $241.90. The company has a market capitalization of $81.21 billion, a PE ratio of 19.39 and a beta of 0.85. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.05. The business had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.34 billion. Automatic Data Processing had a return on equity of 68.44% and a net margin of 19.96%.The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.35 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. Research analysts forecast that Automatic Data Processing, Inc. will post 10.96 EPS for the current year.

Automatic Data Processing declared that its board has initiated a share repurchase plan on Wednesday, January 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the business services provider to purchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Automatic Data Processing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s payout ratio is presently 65.38%.

Wall Street Analyst Weigh In

A number of research firms have commented on ADP. Stifel Nicolaus reduced their price objective on Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating on the stock in a research note on Monday, February 9th. Morgan Stanley dropped their target price on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a research report on Thursday, January 29th. Citigroup dropped their target price on Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th. Wells Fargo & Company dropped their target price on Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating for the company in a research report on Friday, March 27th. Finally, Guggenheim began coverage on Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $273.85.

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.