Automatic Data Processing, Inc. $ADP Shares Acquired by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. increased its stake in Automatic Data Processing, Inc. by 130.1% during the first quarter, owning 17,044 shares valued at approximately $5.2 million.
• Analysts have a consensus rating of "Hold" for ADP shares, with a price target ranging around $317.00, indicating a cautious outlook on the stock.
• Automatic Data Processing reported earnings of $2.26 per share, beating estimates, alongside a revenue of $5.13 billion, reflecting a 6.3% year-over-year increase.

Landscape Capital Management L.L.C. increased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 130.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,044 shares of the business services provider's stock after buying an additional 9,637 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Automatic Data Processing were worth $5,207,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADP. Clarity Asset Management Inc. acquired a new stake in Automatic Data Processing during the 1st quarter valued at $29,000. von Borstel & Associates Inc. acquired a new stake in shares of Automatic Data Processing during the first quarter worth $30,000. Main Street Group LTD lifted its holdings in shares of Automatic Data Processing by 50.7% in the fourth quarter. Main Street Group LTD now owns 113 shares of the business services provider's stock valued at $33,000 after purchasing an additional 38 shares in the last quarter. Y.D. More Investments Ltd acquired a new stake in shares of Automatic Data Processing in the first quarter valued at about $35,000. Finally, Abound Wealth Management increased its position in shares of Automatic Data Processing by 58.1% in the first quarter. Abound Wealth Management now owns 117 shares of the business services provider's stock valued at $36,000 after acquiring an additional 43 shares during the last quarter. 80.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. TD Securities increased their price target on Automatic Data Processing from $298.00 to $321.00 and gave the stock a "hold" rating in a research report on Wednesday, May 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 report on Friday, June 13th. Stifel Nicolaus upped their price objective on Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. UBS Group decreased their price target on shares of Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating on the stock in a report on Friday, June 13th. Finally, Dbs Bank upgraded shares of Automatic Data Processing to a "hold" rating in a report on Thursday, August 21st. Two equities 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 presently has an average rating of "Hold" and an average price target of $317.00.

Automatic Data Processing Stock Down 0.0%

Shares of NASDAQ ADP traded down $0.05 on Monday, reaching $304.05. 1,106,856 shares of the company's stock traded hands, compared to its average volume of 1,436,462. The company has a market cap of $123.15 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 2.78 and a beta of 0.82. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The business's 50 day simple moving average is $304.77 and its two-hundred day simple moving average is $305.49. Automatic Data Processing, Inc. has a 12 month low of $267.79 and a 12 month high of $329.93.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter in the previous year, the firm posted $2.09 EPS. The firm's 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. As a group, equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be issued 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 dividend payout ratio is presently 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.