Automatic Data Processing, Inc. $ADP Shares Acquired by Baxter Bros Inc.

Baxter Bros Inc. increased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,049 shares of the business services provider’s stock after acquiring an additional 3,935 shares during the quarter. Automatic Data Processing makes up about 2.8% of Baxter Bros Inc.’s portfolio, making the stock its 11th biggest holding. Baxter Bros Inc.’s holdings in Automatic Data Processing were worth $24,375,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Precedent Wealth Partners LLC boosted its holdings in Automatic Data Processing by 6.9% in the 3rd quarter. Precedent Wealth Partners LLC now owns 7,281 shares of the business services provider’s stock valued at $2,137,000 after purchasing an additional 472 shares during the last quarter. Security Financial Services INC. raised its position in shares of Automatic Data Processing by 4.7% during the 3rd quarter. Security Financial Services INC. now owns 1,507 shares of the business services provider’s stock valued at $442,000 after buying an additional 67 shares during the period. HBK Sorce Advisory LLC lifted its holdings in Automatic Data Processing by 15.2% in the third quarter. HBK Sorce Advisory LLC now owns 6,379 shares of the business services provider’s stock valued at $1,854,000 after acquiring an additional 841 shares during the last quarter. OFI Invest Asset Management lifted its holdings in Automatic Data Processing by 26.0% in the third quarter. OFI Invest Asset Management now owns 426 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 88 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. grew its position in Automatic Data Processing by 3.3% in the third quarter. Jamison Private Wealth Management Inc. now owns 30,183 shares of the business services provider’s stock worth $8,859,000 after acquiring an additional 966 shares during the period. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Up 0.7%

Automatic Data Processing stock opened at $259.74 on Tuesday. The firm has a market capitalization of $105.05 billion, a P/E ratio of 25.64 and a beta of 0.86. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a twelve month low of $247.18 and a twelve month high of $329.93. The stock’s fifty day simple moving average is $262.77 and its 200-day simple moving average is $287.85.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.44 by $0.05. The company had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.14 billion. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.33 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, equities analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 12th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, December 12th. This is an increase from Automatic Data Processing’s previous quarterly dividend of $1.54. Automatic Data Processing’s dividend payout ratio (DPR) is currently 67.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ADP shares. Citigroup assumed coverage on Automatic Data Processing in a research note on Thursday, October 23rd. They set a “neutral” rating and a $303.00 target price for the company. UBS Group cut their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research report on Wednesday, September 17th. Wells Fargo & Company reduced their price objective on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. Jefferies Financial Group restated an “underperform” rating and issued a $230.00 price objective (down from $245.00) on shares of Automatic Data Processing in a report on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 15th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $306.42.

Automatic Data Processing Company 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.