Focus Partners Advisor Solutions LLC Increases Stake in Automatic Data Processing, Inc. $ADP

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Automatic Data Processing by 19.2%, owning 11,776 shares valued at approximately $3.6 million.
• Automatic Data Processing reported quarterly earnings of $2.26 per share, exceeding expectations, and had revenue of $5.13 billion, up 6.3% from the previous year.
• The company revealed a quarterly dividend of $1.54 per share, with a current yield of 2.0%, and a payout ratio of 61.72% as of its recent disclosure.

Focus Partners Advisor Solutions LLC raised its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 19.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,776 shares of the business services provider's stock after purchasing an additional 1,900 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Automatic Data Processing were worth $3,598,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ADP. Vanguard Group Inc. boosted its position in shares of Automatic Data Processing by 0.5% in the first quarter. Vanguard Group Inc. now owns 40,949,884 shares of the business services provider's stock worth $12,511,418,000 after purchasing an additional 218,614 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Automatic Data Processing by 15.7% in the first quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider's stock worth $1,348,805,000 after purchasing an additional 601,400 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Automatic Data Processing by 3.7% in the first quarter. Invesco Ltd. now owns 4,031,713 shares of the business services provider's stock worth $1,231,809,000 after purchasing an additional 145,161 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Automatic Data Processing by 16.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,771,011 shares of the business services provider's stock worth $1,103,888,000 after purchasing an additional 532,485 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Automatic Data Processing by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider's stock worth $934,647,000 after purchasing an additional 564,187 shares during the last quarter. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Automatic Data Processing Trading Up 0.8%

Shares of ADP traded up $2.33 during mid-day trading on Thursday, reaching $301.19. 1,656,890 shares of the company's stock traded hands, compared to its average volume of 1,330,576. The stock has a market cap of $121.99 billion, a P/E ratio of 30.18, a P/E/G ratio of 2.74 and a beta of 0.82. The stock's 50-day moving average is $304.39 and its two-hundred day moving average is $305.33. Automatic Data Processing, Inc. has a 12 month low of $267.79 and a 12 month high of $329.93. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05.

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

Automatic Data Processing Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus lifted their target price on Automatic Data Processing from $305.00 to $318.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $315.00 target price on shares of Automatic Data Processing in a report on Thursday, June 5th. Dbs Bank raised Automatic Data Processing to a "hold" rating in a report on Thursday, August 21st. Mizuho boosted their price objective on Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. Finally, TD Securities increased their price target on Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a report on Wednesday, May 21st. Two research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $317.00.

Automatic Data Processing Company 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.