Automatic Data Processing, Inc. $ADP Stock Position Increased by Diversified Trust Co

Diversified Trust Co grew its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 91.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 18,085 shares of the business services provider’s stock after acquiring an additional 8,628 shares during the quarter. Diversified Trust Co’s holdings in Automatic Data Processing were worth $5,308,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jacobsen Capital Management lifted its holdings in shares of Automatic Data Processing by 3.8% in the second quarter. Jacobsen Capital Management now owns 907 shares of the business services provider’s stock valued at $280,000 after buying an additional 33 shares during the period. Signature Wealth Management Group raised its position in Automatic Data Processing by 2.3% in the second quarter. Signature Wealth Management Group now owns 1,450 shares of the business services provider’s stock worth $447,000 after acquiring an additional 33 shares in the last quarter. Bangor Savings Bank raised its position in Automatic Data Processing by 0.7% in the second quarter. Bangor Savings Bank now owns 4,907 shares of the business services provider’s stock worth $1,513,000 after acquiring an additional 34 shares in the last quarter. Ameritas Advisory Services LLC lifted its holdings in Automatic Data Processing by 2.1% in the 2nd quarter. Ameritas Advisory Services LLC now owns 1,629 shares of the business services provider’s stock valued at $502,000 after acquiring an additional 34 shares during the last quarter. Finally, PGIM Custom Harvest LLC boosted its position in shares of Automatic Data Processing by 4.9% during the 2nd quarter. PGIM Custom Harvest LLC now owns 722 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 34 shares in the last quarter. 80.03% of the stock is currently owned by institutional investors.

Automatic Data Processing Stock Up 0.3%

Shares of NASDAQ:ADP opened at $259.61 on Tuesday. The firm has a 50 day simple moving average of $260.30 and a 200 day simple moving average of $285.80. Automatic Data Processing, Inc. has a 52 week low of $247.18 and a 52 week high of $329.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $105.00 billion, a PE ratio of 25.63 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.05. The company had revenue of $5.18 billion for 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 company’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.33 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, research analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Increases Dividend

The firm also recently announced 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. The ex-dividend date is Friday, December 12th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.6%. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $1.54. Automatic Data Processing’s dividend payout ratio is currently 67.13%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Citigroup initiated coverage on shares of Automatic Data Processing in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price objective on the stock. UBS Group decreased their price target on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Automatic Data Processing in a report on Monday, December 22nd. JPMorgan Chase & Co. reduced their price objective on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Finally, Jefferies Financial Group restated an “underperform” rating and issued a $230.00 target price (down from $245.00) on shares of Automatic Data Processing in a report on Tuesday, December 16th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and an average price target of $306.42.

About Automatic Data Processing

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.