Campbell & CO Investment Adviser LLC Makes New Investment in Automatic Data Processing, Inc. $ADP

Key Points

• Campbell & CO Investment Adviser LLC acquired 7,340 shares of Automatic Data Processing, Inc. (ADP), valued at approximately $2.24 million, during the first quarter.
• Research firms have mixed ratings on ADP, with two analysts$317.00.
• ADP announced a quarterly dividend of $1.54, resulting in an annualized yield of 2.0% with a payout ratio of 61.72%.

Campbell & CO Investment Adviser LLC purchased a new position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,340 shares of the business services provider's stock, valued at approximately $2,243,000.

Other hedge funds have also bought and sold shares of the company. AlphaCore Capital LLC purchased a new stake in Automatic Data Processing in the 1st quarter worth $688,000. Golden State Wealth Management LLC increased its holdings in shares of Automatic Data Processing by 29.6% in the 1st quarter. Golden State Wealth Management LLC now owns 565 shares of the business services provider's stock worth $173,000 after buying an additional 129 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Automatic Data Processing by 13.8% in the 1st 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 holdings in shares of Automatic Data Processing by 10.2% in the 4th 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 holdings in shares of Automatic Data Processing by 8.9% in the 1st 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. Hedge funds and other institutional investors own 80.03% of the company's stock.

Automatic Data Processing Trading Down 0.0%

NASDAQ:ADP traded down $0.05 during mid-day trading on Friday, hitting $304.05. 1,106,856 shares of the stock traded hands, compared to its average volume of 1,470,698. The stock has a market capitalization of $123.15 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 2.78 and a beta of 0.81. Automatic Data Processing, Inc. has a 52 week low of $267.79 and a 52 week high of $329.93. The firm's 50 day moving average is $304.77 and its two-hundred day moving average is $305.52. 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 issued its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, beating the consensus estimate of $2.23 by $0.03. The company had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The firm's revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Morgan Stanley boosted their target price on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Stifel Nicolaus boosted their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. TD Securities boosted their target price on shares of Automatic Data Processing from $298.00 to $321.00 and gave the stock a "hold" rating in a report on Wednesday, May 21st. BMO Capital Markets upgraded shares of Automatic Data Processing to a "hold" rating and set a $340.00 target price on the stock in a report on Thursday, July 10th. Finally, Dbs Bank upgraded shares of Automatic Data Processing to a "hold" rating in a report on Thursday, August 21st. Two research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Automatic Data Processing presently has an average rating of "Hold" and an average 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.