Allspring Global Investments Holdings LLC Has $13.36 Million Position in Automatic Data Processing, Inc. $ADP

Allspring Global Investments Holdings LLC lifted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 14.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,799 shares of the business services provider’s stock after buying an additional 5,617 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Automatic Data Processing were worth $13,355,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ADP. Laurel Wealth Advisors LLC grew its stake in Automatic Data Processing by 30,110.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,668,758 shares of the business services provider’s stock valued at $1,439,845,000 after acquiring an additional 4,653,304 shares in the last quarter. Norges Bank acquired a new stake in shares of Automatic Data Processing during the second quarter worth approximately $696,841,000. Amundi grew its position in Automatic Data Processing by 24.9% during the second quarter. Amundi now owns 3,109,120 shares of the business services provider’s stock valued at $948,549,000 after purchasing an additional 619,829 shares in the last quarter. JPMorgan Chase & Co. grew its position in Automatic Data Processing by 26.6% during the second quarter. JPMorgan Chase & Co. now owns 2,812,637 shares of the business services provider’s stock valued at $867,445,000 after purchasing an additional 591,800 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Automatic Data Processing by 13.5% in the 2nd quarter. Invesco Ltd. now owns 4,576,681 shares of the business services provider’s stock valued at $1,411,449,000 after buying an additional 544,968 shares during the period. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on ADP. Jefferies Financial Group restated an “underperform” rating and set a $230.00 price target (down from $245.00) on shares of Automatic Data Processing in a report on Tuesday, December 16th. Wells Fargo & Company reduced their price objective 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. Citigroup began coverage on Automatic Data Processing in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 target price on the stock. JPMorgan Chase & Co. cut their price target 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, UBS Group reduced their price target on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $306.42.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $252.88 on Monday. The company’s fifty day moving average is $258.23 and its two-hundred day moving average is $284.38. 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 current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $102.28 billion, a price-to-earnings ratio of 24.96 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.05. The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.14 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $2.33 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Friday, December 12th were given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 2.7%. This is an increase from Automatic Data Processing’s previous quarterly dividend of $1.54. The ex-dividend date of this dividend was Friday, December 12th. Automatic Data Processing’s dividend payout ratio (DPR) is 67.13%.

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.