EP Wealth Advisors LLC Boosts Stock Holdings in Automatic Data Processing, Inc. $ADP

Key Points

• EP Wealth Advisors LLC increased its holdings in Automatic Data Processing, Inc. (ADP) by 4.6% during the 1st quarter, now owning 23,530 shares valued at approximately $7.19 million.
• Several institutional investors, including GAMMA Investing LLC and Nuveen LLC, made significant purchases, boosting their stakes and collectively holding over 80% of the company's stock.
• Automatic Data Processing reported earnings of $2.26 per share for the last quarter, exceeding estimates, and announced a quarterly dividend of $1.54 per share to be paid on October 1st.

EP Wealth Advisors LLC increased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 4.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,530 shares of the business services provider's stock after purchasing an additional 1,043 shares during the quarter. EP Wealth Advisors LLC's holdings in Automatic Data Processing were worth $7,189,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADP. GAMMA Investing LLC boosted its holdings in Automatic Data Processing by 34,655.1% in the first quarter. GAMMA Investing LLC now owns 2,901,007 shares of the business services provider's stock worth $886,345,000 after purchasing an additional 2,892,660 shares during the last quarter. Nuveen LLC purchased a new stake in Automatic Data Processing in the first quarter worth approximately $661,771,000. Mackenzie Financial Corp boosted its holdings in Automatic Data Processing by 128.1% in the first quarter. Mackenzie Financial Corp now owns 1,585,704 shares of the business services provider's stock worth $484,480,000 after purchasing an additional 890,440 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in 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. Finally, SG Americas Securities LLC boosted its holdings in Automatic Data Processing by 811.7% in the first quarter. SG Americas Securities LLC now owns 637,601 shares of the business services provider's stock worth $194,806,000 after purchasing an additional 567,664 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ADP shares. Stifel Nicolaus raised 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. Mizuho raised their target price on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a report on Friday, June 13th. TD Securities raised 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. Morgan Stanley increased their price target on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Finally, UBS Group dropped 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 research note on Friday, June 13th. Two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $317.00.

Automatic Data Processing Trading Down 1.4%

Shares of Automatic Data Processing stock opened at $299.77 on Wednesday. The company's fifty day simple moving average is $304.41 and its 200-day simple moving average is $305.42. The stock has a market capitalization of $121.42 billion, a PE ratio of 30.04, a P/E/G ratio of 2.78 and a beta of 0.82. Automatic Data Processing, Inc. has a 1-year low of $267.79 and a 1-year 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 issued its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.03. The business had revenue of $5.13 billion for the quarter, compared to analysts' expectations of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The company's revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, equities analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be given a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, September 12th. Automatic Data Processing's dividend payout ratio (DPR) 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.

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