QRG Capital Management Inc. Acquires 10,503 Shares of Automatic Data Processing, Inc. $ADP

Posted by Stanley Muller on Jul 5th, 2026

QRG Capital Management Inc. grew its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) by 20.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,970 shares of the business services provider’s stock after purchasing an additional 10,503 shares during the quarter. QRG Capital Management Inc.’s holdings in Automatic Data Processing were worth $12,388,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Imprint Wealth LLC bought a new stake in Automatic Data Processing during the 3rd quarter valued at about $25,000. Cornerstone Financial Management LLC bought a new position in Automatic Data Processing in the 4th quarter worth about $26,000. Bard Associates Inc. bought a new position in Automatic Data Processing in the 4th quarter worth about $28,000. Board of the Pension Protection Fund bought a new position in Automatic Data Processing in the 4th quarter worth about $31,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of Automatic Data Processing during the fourth quarter worth approximately $33,000. 80.03% of the stock is currently owned by institutional investors.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $242.27 on Friday. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $315.98. 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 company has a market capitalization of $96.84 billion, a price-to-earnings ratio of 22.60 and a beta of 0.83. The company’s 50-day simple moving average is $219.94 and its two-hundred day simple moving average is $225.81.

Automatic Data Processing (NASDAQ:ADP – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the prior year, the company earned $3.06 EPS. The company’s revenue 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. Equities analysts forecast that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were paid a $1.70 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a yield of 2.8%. Automatic Data Processing’s payout ratio is 63.43%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Jefferies Financial Group decreased their price target on shares of Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Guggenheim initiated coverage on Automatic Data Processing in a research note on Thursday, March 19th. They issued a “buy” rating and a $270.00 price objective on the stock. Cantor Fitzgerald reduced their price objective on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Mizuho decreased their target price on Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Finally, Stifel Nicolaus lowered their target price on Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $244.29.

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Automatic Data Processing Profile

(Free Report)

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.