CX Institutional Increases Stake in Automatic Data Processing, Inc. $ADP

CX Institutional increased its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 63.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,137 shares of the business services provider’s stock after purchasing an additional 17,205 shares during the quarter. CX Institutional’s holdings in Automatic Data Processing were worth $12,954,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Strategic Blueprint LLC grew its stake in shares of Automatic Data Processing by 2.5% during the third quarter. Strategic Blueprint LLC now owns 2,039 shares of the business services provider’s stock valued at $599,000 after buying an additional 49 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Automatic Data Processing by 1.0% in the 3rd quarter. Park Avenue Securities LLC now owns 24,500 shares of the business services provider’s stock valued at $7,191,000 after acquiring an additional 235 shares during the last quarter. KLP Kapitalforvaltning AS boosted its holdings in Automatic Data Processing by 3.1% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 199,979 shares of the business services provider’s stock valued at $58,956,000 after acquiring an additional 6,000 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its position in Automatic Data Processing by 79.1% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 351 shares of the business services provider’s stock worth $103,000 after acquiring an additional 155 shares during the last quarter. Finally, Abundance Wealth Counselors increased its stake in Automatic Data Processing by 2.5% in the 3rd quarter. Abundance Wealth Counselors now owns 2,603 shares of the business services provider’s stock worth $764,000 after purchasing an additional 63 shares during the period. 80.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ADP has been the subject of a number of analyst reports. UBS Group dropped their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. Jefferies Financial Group reissued an “underperform” rating and set a $230.00 price target (down previously from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. Wells Fargo & Company decreased 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 research report on Thursday, October 30th. Citigroup started coverage on shares of Automatic Data Processing in a report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $306.42.

Automatic Data Processing Stock Up 1.5%

Shares of Automatic Data Processing stock opened at $261.12 on Wednesday. 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 12-month low of $247.18 and a 12-month high of $329.93. The company has a market cap of $105.61 billion, a P/E ratio of 25.78 and a beta of 0.86. The company’s fifty day simple moving average is $257.40 and its two-hundred day simple moving average is $283.71.

Automatic Data Processing (NASDAQ:ADP) last posted its 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. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The firm had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period last year, the company posted $2.33 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Research analysts anticipate 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. Shareholders of record on Friday, December 12th were issued a dividend of $1.70 per share. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $1.54. The ex-dividend date was Friday, December 12th. 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 currently 67.13%.

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.