Automatic Data Processing, Inc. $ADP Shares Sold by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. decreased its stake in Automatic Data Processing, Inc. (ADP) by 2.0% in the 1st quarter, selling 8,601 shares and retaining 422,274 shares valued at approximately $129 million.
• Research analysts have upgraded their price objectives for ADP, with Mizuho lifting its target from $321 to $332, reflecting a consensus rating of "Hold" and an average target price of $317.
• Automatic Data Processing announced a quarterly dividend of $1.54, resulting in an annualized dividend yield of 2.0%, with a payout ratio of 61.72%.

Epoch Investment Partners Inc. decreased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 2.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 422,274 shares of the business services provider's stock after selling 8,601 shares during the quarter. Epoch Investment Partners Inc. owned 0.10% of Automatic Data Processing worth $129,017,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ADP. Vanguard Group Inc. boosted its holdings 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 valued at $12,511,418,000 after purchasing an additional 218,614 shares during the period. Northern Trust Corp boosted its holdings in shares of Automatic Data Processing by 17.1% in the fourth quarter. Northern Trust Corp now owns 6,174,419 shares of the business services provider's stock valued at $1,807,438,000 after purchasing an additional 902,354 shares during the period. Ameriprise Financial Inc. boosted 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 valued at $1,348,805,000 after purchasing an additional 601,400 shares during the period. Invesco Ltd. boosted 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 valued at $1,231,809,000 after purchasing an additional 145,161 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 valued at $1,103,888,000 after purchasing an additional 532,485 shares during the period. Institutional investors own 80.03% of the company's stock.

Automatic Data Processing Stock Down 0.0%

Shares of ADP traded down $0.05 during midday trading on Friday, hitting $304.05. 1,106,856 shares of the company's stock traded hands, compared to its average volume of 1,470,698. Automatic Data Processing, Inc. has a 1 year low of $267.79 and a 1 year high of $329.93. The firm's fifty day moving average is $304.77 and its 200-day moving average is $305.52. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock has a market capitalization 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 0.81.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its quarterly earnings data 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. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The firm had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the prior year, the business posted $2.09 EPS. The business's revenue for the quarter 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, sell-side analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share 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. Investors of record on Friday, September 12th will be given a $1.54 dividend. This represents a $6.16 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, September 12th. Automatic Data Processing's dividend payout ratio is presently 61.72%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ADP. Morgan Stanley boosted their price target on Automatic Data Processing from $310.00 to $311.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Stifel Nicolaus upped 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 restated a "sector perform" rating and set a $315.00 target price on shares of Automatic Data Processing in a report on Thursday, June 5th. Mizuho upped their target price on Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a report on Friday, June 13th. Finally, BMO Capital Markets upgraded Automatic Data Processing to a "hold" rating and set a $340.00 target price for the company in a report on Thursday, July 10th. Two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, 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.