Automatic Data Processing, Inc. $ADP Shares Acquired by CW Advisors LLC

Key Points

• CW Advisors LLC increased its position in Automatic Data Processing, Inc. by 120.4% during the first quarter, acquiring a total of 29,171 shares worth approximately $8.86 million.
• Equities analysts have set a consensus target price of $317.00 for ADP, with two analysts rating it as a Buy and ten as Hold.
• The company announced a quarterly dividend of $1.54 per share to be paid on October 1st, representing a 2.0% dividend yield.

CW Advisors LLC increased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 120.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,171 shares of the business services provider's stock after acquiring an additional 15,936 shares during the quarter. CW Advisors LLC's holdings in Automatic Data Processing were worth $8,860,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ADP. Summit Financial LLC boosted its stake in Automatic Data Processing by 4.5% in the 1st quarter. Summit Financial LLC now owns 20,219 shares of the business services provider's stock worth $6,178,000 after purchasing an additional 870 shares during the period. Candriam S.C.A. boosted its stake in Automatic Data Processing by 9.1% in the 1st quarter. Candriam S.C.A. now owns 196,281 shares of the business services provider's stock worth $59,970,000 after purchasing an additional 16,377 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in Automatic Data Processing in the 1st quarter worth approximately $398,000. Capital Analysts LLC boosted its stake in Automatic Data Processing by 35.0% in the 1st quarter. Capital Analysts LLC now owns 1,054 shares of the business services provider's stock worth $322,000 after purchasing an additional 273 shares during the period. Finally, Tradition Wealth Management LLC acquired a new position in Automatic Data Processing in the 1st quarter worth approximately $278,000. Hedge funds and other institutional investors own 80.03% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Mizuho raised their price objective on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. BMO Capital Markets raised shares of Automatic Data Processing to a "hold" rating and set a $340.00 price objective for the company in a research note on Thursday, July 10th. UBS Group decreased their price objective on shares of Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating for the company in a research note on Friday, June 13th. TD Securities upped their price objective on shares of Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a research note on Wednesday, May 21st. Finally, Stifel Nicolaus upped their price objective on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $317.00.

Automatic Data Processing Stock Performance

Shares of ADP opened at $307.95 on Friday. The company's fifty day moving average is $305.10 and its 200-day moving average is $305.65. Automatic Data Processing, Inc. has a 12 month low of $267.79 and a 12 month high of $329.93. The firm has a market cap of $124.73 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 2.79 and a beta of 0.81. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping the consensus estimate of $2.23 by $0.03. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the prior year, the business posted $2.09 EPS. Automatic Data Processing's quarterly revenue was up 6.3% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be paid a dividend of $1.54 per share. The ex-dividend date is Friday, September 12th. This represents a $6.16 annualized dividend and a dividend yield of 2.0%. Automatic Data Processing's dividend payout ratio is 61.72%.

Automatic Data Processing Profile

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.

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