Dimensional Fund Advisors LP Purchases 10,700 Shares of Automatic Data Processing, Inc. $ADP

Dimensional Fund Advisors LP raised its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADPFree Report) by 0.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,413,934 shares of the business services provider’s stock after purchasing an additional 10,700 shares during the period. Dimensional Fund Advisors LP’s holdings in Automatic Data Processing were worth $490,530,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADP. Horizon Investments LLC increased its position in Automatic Data Processing by 34.1% in the fourth quarter. Horizon Investments LLC now owns 26,144 shares of the business services provider’s stock worth $6,725,000 after buying an additional 6,655 shares during the last quarter. Compass Capital Management Inc. increased its position in shares of 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 period. Generali Investments CEE investicni spolecnost a.s. lifted its stake in Automatic Data Processing by 64.0% in the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 14,757 shares of the business services provider’s stock worth $3,796,000 after purchasing an additional 5,757 shares in the last quarter. Columbus Macro LLC raised its position in shares of Automatic Data Processing by 27.6% in the fourth quarter. Columbus Macro LLC now owns 31,571 shares of the business services provider’s stock worth $8,121,000 after buying an additional 6,837 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Automatic Data Processing by 27.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 234,273 shares of the business services provider’s stock valued at $60,262,000 after acquiring an additional 49,774 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ADP has been the subject of a number of research analyst reports. Cantor Fitzgerald dropped their price objective on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Mizuho cut their target price on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. TD Cowen boosted their price target on Automatic Data Processing from $216.00 to $223.00 and gave the company a “hold” rating in a report on Monday, July 6th. Robert W. Baird reduced their price objective on shares of Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Finally, Wells Fargo & Company raised their target price on Automatic Data Processing from $214.00 to $248.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. One equities research 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. According to data from MarketBeat.com, Automatic Data Processing has a consensus rating of “Hold” and an average price target of $248.64.

Get Our Latest Research Report on ADP

Automatic Data Processing Trading Down 0.0%

Shares of NASDAQ ADP opened at $255.24 on Tuesday. The firm’s 50 day moving average price is $228.87 and its 200-day moving average price is $224.58. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $315.98. The company has a market cap of $102.03 billion, a PE ratio of 23.81 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADPGet Free Report) last posted its earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter last year, the company earned $3.06 EPS. The company’s quarterly 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. On average, equities research analysts expect that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

About Automatic Data Processing

(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.

See Also

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Institutional Ownership by Quarter for Automatic Data Processing (NASDAQ:ADP)

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