Automatic Data Processing, Inc. $ADP Shares Sold by PGIM Custom Harvest LLC

PGIM Custom Harvest LLC reduced its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 10.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 688 shares of the business services provider’s stock after selling 78 shares during the quarter. PGIM Custom Harvest LLC’s holdings in Automatic Data Processing were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ADP. von Borstel & Associates Inc. acquired a new position in Automatic Data Processing in the first quarter valued at $30,000. Main Street Group LTD increased its stake in Automatic Data Processing by 50.7% in the fourth quarter. Main Street Group LTD now owns 113 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 38 shares during the last quarter. Y.D. More Investments Ltd acquired a new position in Automatic Data Processing in the first quarter valued at $35,000. Abound Wealth Management increased its stake in Automatic Data Processing by 58.1% in the first quarter. Abound Wealth Management now owns 117 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 43 shares during the last quarter. Finally, Banque de Luxembourg S.A. acquired a new stake in Automatic Data Processing during the fourth quarter worth about $37,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Price Performance

ADP stock opened at $304.94 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. Automatic Data Processing, Inc. has a 1 year low of $267.25 and a 1 year high of $329.93. The firm has a market cap of $123.51 billion, a P/E ratio of 30.56, a price-to-earnings-growth ratio of 2.83 and a beta of 0.81. The stock has a 50-day simple moving average of $305.08 and a 200-day simple moving average of $305.63.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.03. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The business had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same quarter last year, the firm earned $2.09 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, equities analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be paid a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, September 12th. Automatic Data Processing’s dividend payout ratio (DPR) is 61.72%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ADP shares. Morgan Stanley upped their price target on Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. UBS Group dropped their price target on Automatic Data Processing from $323.00 to $315.00 and set a “neutral” rating for the company in a research note on Friday, June 13th. Mizuho upped their price target on Automatic Data Processing from $321.00 to $332.00 and gave the stock an “outperform” rating in a research note on Friday, June 13th. Stifel Nicolaus upped their price target on Automatic Data Processing from $305.00 to $318.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Finally, TD Securities upped their price target on Automatic Data Processing from $298.00 to $321.00 and gave the stock a “hold” rating in a research note on Wednesday, May 21st. Two analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $317.00.

Automatic Data Processing Profile

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.