Boston Family Office LLC Has $22.04 Million Position in Automatic Data Processing, Inc. $ADP

Key Points

• Boston Family Office LLC increased its stake in Automatic Data Processing, Inc. by 2.2%, now holding 72,128 shares, which represent 1.6% of its portfolio.
• Automatic Data Processing announced a quarterly dividend of $1.54 per share, with an annualized yield of 2.0%, set to be paid on October 1st.
• Analyst ratings on Automatic Data Processing show a consensus average rating of "Hold" with a price target of $314.33, amid several adjustments by various financial institutions.

Boston Family Office LLC grew its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 2.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 72,128 shares of the business services provider's stock after acquiring an additional 1,560 shares during the period. Automatic Data Processing comprises about 1.6% of Boston Family Office LLC's portfolio, making the stock its 20th largest holding. Boston Family Office LLC's holdings in Automatic Data Processing were worth $22,037,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. AlphaCore Capital LLC acquired a new stake in Automatic Data Processing during the 1st quarter valued at $688,000. Golden State Wealth Management LLC increased its stake in shares of Automatic Data Processing by 29.6% in the first quarter. Golden State Wealth Management LLC now owns 565 shares of the business services provider's stock worth $173,000 after acquiring an additional 129 shares during the last quarter. GAMMA Investing LLC increased its position in Automatic Data Processing by 13.8% during the first quarter. GAMMA Investing LLC now owns 9,495 shares of the business services provider's stock worth $2,901,000 after buying an additional 1,148 shares during the last quarter. Toronto Dominion Bank increased its position in Automatic Data Processing by 10.2% during the fourth quarter. Toronto Dominion Bank now owns 236,707 shares of the business services provider's stock worth $69,290,000 after buying an additional 21,910 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Automatic Data Processing by 8.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 250,836 shares of the business services provider's stock worth $76,638,000 after buying an additional 20,467 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company's stock.

Automatic Data Processing Price Performance

ADP traded up $3.07 during midday trading on Tuesday, reaching $305.72. 1,227,046 shares of the company's stock were exchanged, compared to its average volume of 1,530,943. Automatic Data Processing, Inc. has a one year low of $263.42 and a one year high of $329.93. The business has a 50-day simple moving average of $305.42 and a two-hundred day simple moving average of $305.62. 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 firm has a market capitalization of $123.83 billion, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 2.78 and a beta of 0.81.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.13 billion during the quarter, compared to analysts' expectations of $5.05 billion. During the same quarter in the previous year, the company posted $2.09 earnings per share. Automatic Data Processing's quarterly revenue was up 6.3% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, research analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus upped their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a report on Thursday, July 31st. BMO Capital Markets upgraded shares of Automatic Data Processing to a "hold" rating and set a $340.00 price target for the company in a report on Thursday, July 10th. Mizuho upped their price target on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a report on Friday, June 13th. TD Securities upped their price target on shares of Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a report on Wednesday, May 21st. Finally, Morgan Stanley upped their price target on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $314.33.

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.