Ally Financial Inc. Makes New Investment in Automatic Data Processing, Inc. $ADP

Ally Financial Inc. bought a new position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,000 shares of the business services provider's stock, valued at approximately $2,058,000.

Other large investors have also bought and sold shares of the company. Imprint Wealth LLC purchased a new stake in Automatic Data Processing in the third quarter worth $25,000. Board of the Pension Protection Fund purchased a new stake in Automatic Data Processing in the fourth quarter worth $31,000. Y.D. More Investments Ltd purchased a new stake in Automatic Data Processing in the third quarter worth $32,000. High Point Wealth Management LLC purchased a new stake in Automatic Data Processing in the fourth quarter worth $34,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in Automatic Data Processing in the fourth quarter worth $36,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ADP. Guggenheim began coverage on Automatic Data Processing in a research report on Thursday, March 19th. They issued a "buy" rating and a $270.00 target price for the company. TD Cowen raised Automatic Data Processing to a "hold" rating in a report on Monday, May 18th. UBS Group raised their price target on Automatic Data Processing from $210.00 to $218.00 and gave the stock a "neutral" rating in a report on Thursday, April 30th. Citigroup cut their price target on Automatic Data Processing from $265.00 to $230.00 and set a "neutral" rating for the company in a report on Thursday, April 30th. Finally, Wells Fargo & Company raised Automatic Data Processing from an "underweight" rating to an "equal weight" rating and set a $214.00 price target for the company in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Automatic Data Processing has an average rating of "Hold" and a consensus price target of $244.29.

Insider Transactions at Automatic Data Processing

In related news, VP Christopher D'ambrosio sold 543 shares of Automatic Data Processing stock in a transaction on Monday, March 16th. The stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the completion of the sale, the vice president owned 8,912 shares of the company's stock, valued at approximately $1,857,706.40. This trade represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company's stock.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $226.21 on Friday. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $315.98. The business has a fifty day moving average price of $212.58 and a 200-day moving average price of $229.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $90.42 billion, a P/E ratio of 21.10 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, topping analysts' consensus estimates of $3.30 by $0.07. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the company earned $3.06 earnings per share. The business's revenue for the quarter was up 7.0% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, equities research analysts forecast that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be paid a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 annualized dividend and a yield of 3.0%. Automatic Data Processing's dividend payout ratio (DPR) is currently 63.43%.

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.

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