SG Trading Solutions LLC purchased a new position in Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,363 shares of the business services provider’s stock, valued at approximately $1,380,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hilltop Holdings Inc. bought a new position in shares of Automatic Data Processing in the 3rd quarter worth approximately $5,292,000. Jefferies Financial Group Inc. bought a new stake in shares of Automatic Data Processing during the third quarter valued at approximately $2,794,000. Horizon Investments LLC grew its stake 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 purchasing an additional 6,655 shares during the period. Elevation Point Wealth Partners LLC raised its holdings 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 purchasing an additional 10,824 shares in the last quarter. Finally, Compass Capital Management Inc. raised its holdings 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 purchasing an additional 5,899 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.
Wall Street Analysts Forecast Growth
ADP has been the topic of a number of research reports. Robert W. Baird dropped their target price on shares of Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a research report on Monday, May 18th. UBS Group boosted their price objective on shares of Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Jefferies Financial Group cut their price objective on shares of Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. Finally, Guggenheim initiated coverage on shares of Automatic Data Processing in a research note on Thursday, March 19th. They set a “buy” rating and a $270.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $244.29.
Automatic Data Processing Trading Down 0.2%
Automatic Data Processing stock opened at $218.41 on Friday. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $315.98. The company has a market capitalization of $87.31 billion, a price-to-earnings ratio of 20.37 and a beta of 0.84. The business’s fifty day simple moving average is $213.90 and its two-hundred day simple moving average is $228.24. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.
Automatic Data Processing (NASDAQ:ADP – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.30 by $0.07. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The company’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, equities analysts predict that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.
Automatic Data Processing Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend 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.
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