Farther Finance Advisors LLC Increases Stake in Automatic Data Processing, Inc. $ADP

Farther Finance Advisors LLC raised its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 17.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,956 shares of the business services provider’s stock after acquiring an additional 2,075 shares during the quarter. Farther Finance Advisors LLC’s holdings in Automatic Data Processing were worth $4,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Automatic Data Processing by 92.1% in the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock worth $2,935,000 after buying an additional 4,808 shares during the period. Bison Wealth LLC increased its holdings in Automatic Data Processing by 22.8% in the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock worth $1,073,000 after acquiring an additional 681 shares in the last quarter. Samalin Investment Counsel LLC raised its stake in Automatic Data Processing by 27.9% during the 1st quarter. Samalin Investment Counsel LLC now owns 1,945 shares of the business services provider’s stock worth $594,000 after acquiring an additional 424 shares during the period. Ieq Capital LLC lifted its holdings in Automatic Data Processing by 74.7% during the first quarter. Ieq Capital LLC now owns 31,038 shares of the business services provider’s stock valued at $9,483,000 after purchasing an additional 13,269 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its position in shares of Automatic Data Processing by 1.0% in the first quarter. Transamerica Financial Advisors LLC now owns 3,371 shares of the business services provider’s stock worth $1,030,000 after purchasing an additional 35 shares during the period. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 0.4%

Shares of ADP stock opened at $257.97 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $104.34 billion, a price-to-earnings ratio of 25.47 and a beta of 0.86. Automatic Data Processing, Inc. has a 12-month low of $247.18 and a 12-month high of $329.93. The stock’s 50-day moving average price is $261.66 and its 200-day moving average price is $287.15.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.05. The business had revenue of $5.18 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.33 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Increases Dividend

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

Analysts Set New Price Targets

ADP has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. UBS Group decreased their price target on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. 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 research report on Tuesday, December 16th. Wells Fargo & Company cut their target price on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. Finally, Citigroup initiated coverage on Automatic Data Processing in a research note on Thursday, October 23rd. They set a “neutral” rating and a $303.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $306.42.

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.